What is Scotiabank's Estimate for PR FY2026 Earnings?

Permian Resources Corporation (NYSE:PR - Free Report) - Stock analysts at Scotiabank raised their FY2026 earnings estimates for shares of Permian Resources in a note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the company will post earnings per share of $1.95 for the year, up from their previous forecast of $0.90. Scotiabank has a "Sector Outperform" rating and a $25.00 price target on the stock. The consensus estimate for Permian Resources' current full-year earnings is $1.77 per share. Scotiabank also issued estimates for Permian Resources' FY2027 earnings at $2.20 EPS.

Several other equities research analysts have also commented on PR. Weiss Ratings upgraded shares of Permian Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, March 6th. Benchmark lowered shares of Permian Resources from a "buy" rating to a "hold" rating in a research note on Thursday, March 5th. KeyCorp began coverage on shares of Permian Resources in a research note on Tuesday, April 7th. They set an "overweight" rating and a $25.00 price target on the stock. Piper Sandler lifted their price target on shares of Permian Resources from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $21.00 price target on shares of Permian Resources in a research note on Thursday, February 26th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $22.38.

Permian Resources Price Performance

Shares of NYSE:PR opened at $20.62 on Tuesday. The company's fifty day moving average price is $19.68 and its 200 day moving average price is $16.11. Permian Resources has a 12 month low of $11.58 and a 12 month high of $21.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $17.25 billion, a P/E ratio of 16.50, a P/E/G ratio of 2.74 and a beta of 0.56.

Permian Resources (NYSE:PR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.36 EPS. Permian Resources's revenue for the quarter was down 9.8% compared to the same quarter last year.

Permian Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, March 17th. This is an increase from Permian Resources's previous quarterly dividend of $0.15. Permian Resources's payout ratio is 51.20%.

Insider Activity at Permian Resources

In other Permian Resources news, EVP John Charles Bell sold 158,385 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.39, for a total transaction of $2,912,700.15. Following the transaction, the executive vice president directly owned 1,567,172 shares of the company's stock, valued at approximately $28,820,293.08. This trade represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William M. Hickey III sold 898,423 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the transaction, the chief executive officer directly owned 9,389,405 shares in the company, valued at $172,577,263.90. The trade was a 8.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,130,066 shares of company stock worth $58,837,655 in the last three months. Company insiders own 5.00% of the company's stock.

Institutional Trading of Permian Resources

Several hedge funds have recently made changes to their positions in PR. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Permian Resources by 4.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company's stock valued at $224,000 after purchasing an additional 607 shares during the period. Waterloo Capital L.P. lifted its stake in shares of Permian Resources by 3.1% in the fourth quarter. Waterloo Capital L.P. now owns 21,773 shares of the company's stock valued at $305,000 after purchasing an additional 657 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of Permian Resources by 5.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company's stock valued at $192,000 after purchasing an additional 706 shares during the period. Curated Wealth Partners LLC lifted its stake in shares of Permian Resources by 1.1% in the fourth quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company's stock valued at $991,000 after purchasing an additional 747 shares during the period. Finally, Chilton Capital Management LLC lifted its stake in shares of Permian Resources by 3.5% in the third quarter. Chilton Capital Management LLC now owns 23,668 shares of the company's stock valued at $303,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

About Permian Resources

Permian Resources NYSE: PR is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.

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