Permian Resources - CDEV Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CDEV shares.
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8 equities research analysts have issued 1 year price objectives for Permian Resources' shares. Their CDEV share price forecasts range from $8.00 to $12.00. On average, they predict the company's share price to reach $10.57 in the next twelve months.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Permian Resources Co. (NASDAQ:CDEV) released its earnings results on Wednesday, August, 3rd. The oil and natural gas company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.20. The oil and natural gas company had revenue of $472.65 million for the quarter, compared to the consensus estimate of $393.84 million. Permian Resources had a net margin of 28.46% and a trailing twelve-month return on equity of 18.68%.

Based on aggregate information from My MarketBeat watchlists, some companies that other Permian Resources investors own include EnLink Midstream (ENLC), Matinas BioPharma (MTNB), Washington Prime Group (WPG), OrganiGram (OGI), Zosano Pharma (ZSAN), CBL & Associates Properties (CBL), KushCo (KSHB), Pennsylvania Real Estate Investment Trust (PEI), Golar LNG Partners (GMLP) and ADMA Biologics (ADMA).

Permian Resources trades on the NASDAQ under the ticker symbol "CDEV."

Permian Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (5.54%), River Road Asset Management LLC (3.36%), Goldman Sachs Group Inc. (2.02%), Millennium Management LLC (1.60%), Frontier Capital Management Co. LLC (1.05%) and Deutsche Bank AG (0.88%). Insiders that own company stock include Brent P Jensen, George S Glyphis, Jeffrey Tepper, Mark G Papa, Matthew R Garrison, Non-Eci Usrpi Aiv Riverstone, Silver Run Sponsor, Llc, Steven J Shapiro and Us Centennial Holdings Ll Rel.
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Shares of CDEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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Permian Resources (NASDAQ:CDEV) has a market capitalization of $0.00 and generates $1.03 billion in revenue each year. The oil and natural gas company earns $138.18 million in net income (profit) each year or $1.28 on an earnings per share basis.

The company employs 147 workers across the globe.

Permian Resources' mailing address is 1001 SEVENTEENTH STREET SUITE 1800, DENVER CO, 80202. The official website for the company is www.cdevinc.com. The oil and natural gas company can be reached via phone at (720) 499-1400 or via email at ir@cdevinc.com.