Top-Rated StocksTop-Rated Permian Resources Stock Price, News & Analysis (NASDAQ:PR) $13.24 +0.10 (+0.76%) (As of 12/1/2023 ET) Add Compare Share Share Today's Range$13.01▼$13.5150-Day Range$12.59▼$15.4652-Week Range$8.43▼$15.49Volume6.41 million shsAverage Volume7.10 million shsMarket Capitalization$10.24 billionP/E Ratio14.55Dividend Yield1.51%Price Target$16.15 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsSocial Media Permian Resources MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside22.0% Upside$16.15 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.25Based on 4 Articles This WeekInsider TradingSelling Shares$315.76 M Sold Last QuarterProj. Earnings Growth20.26%From $1.53 to $1.84 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.90 out of 5 starsOils/Energy Sector31st out of 229 stocksCrude Petroleum & Natural Gas Industry18th out of 71 stocks 3.4 Analyst's Opinion Consensus RatingPermian Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.15, Permian Resources has a forecasted upside of 22.0% from its current price of $13.24.Amount of Analyst CoveragePermian Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PR. Previous Next 2.5 Dividend Strength Dividend YieldPermian Resources pays a meaningful dividend of 1.51%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPermian Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Permian Resources is 21.98%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Permian Resources will have a dividend payout ratio of 10.87% next year. This indicates that Permian Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PR. Previous Next 2.1 News and Social Media Coverage News SentimentPermian Resources has a news sentiment score of -0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Permian Resources this week, compared to 4 articles on an average week.Search Interest28 people have searched for PR on MarketBeat in the last 30 days. This is an increase of 40% compared to the previous 30 days.MarketBeat Follows15 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 114% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Permian Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $315,762,280.00 in company stock.Percentage Held by Insiders23.14% of the stock of Permian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions53.49% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Permian Resources are expected to grow by 20.26% in the coming year, from $1.53 to $1.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Permian Resources is 14.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Permian Resources is 14.55, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.33.Price to Book Value per Share RatioPermian Resources has a P/B Ratio of 1.72. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Permian Resources Stock (NASDAQ:PR)Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks in Reeves County, West Texas and Lea County, New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.Read More PR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PR Stock News HeadlinesDecember 3, 2023 | americanbankingnews.comBrokerages Set Permian Resources Co. (NASDAQ:PR) PT at $16.31December 1, 2023 | americanbankingnews.comPermian Resources (NASDAQ:PR) Price Target Cut to $18.00 by Analysts at Stifel NicolausDecember 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 27, 2023 | americanbankingnews.comHead to Head Review: Universal Energy (OTCMKTS:UVSE) & Permian Resources (NASDAQ:PR)November 23, 2023 | americanbankingnews.comComparing Permian Resources (NASDAQ:PR) and PermRock Royalty Trust (NYSE:PRT)November 17, 2023 | finance.yahoo.comPermian Resources Corp's Dividend AnalysisNovember 15, 2023 | markets.businessinsider.comBuy Rating for Permian Resources: Competitive Advantage, Strong Growth, and High Shareholder Value ReturnNovember 15, 2023 | markets.businessinsider.comWhat 14 Analyst Ratings Have To Say About Permian ResourcesDecember 3, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 14, 2023 | seekingalpha.comPermian Resources: Solid Q3 And Completed AcquisitionNovember 12, 2023 | finance.yahoo.comPermian Resources (NYSE:PR) Could Be A Buy For Its Upcoming DividendNovember 12, 2023 | finance.yahoo.comPermian Resources Corporation (NYSE:PR) Q3 2023 Earnings Call TranscriptNovember 10, 2023 | markets.businessinsider.comPromising Operational Efficiencies and Future Forecasts Bolster Buy Rating for Permian ResourcesNovember 9, 2023 | nz.news.yahoo.comQ3 2023 Permian Resources Corp Earnings CallNovember 8, 2023 | finance.yahoo.comCompared to Estimates, Permian Resources (PR) Q3 Earnings: A Look at Key MetricsNovember 8, 2023 | msn.comPermian Resources (PR) Lags Q3 Earnings EstimatesNovember 6, 2023 | msn.comFive potential takeover targets in the oil industry, following deals by Exxon Mobil and ChevronNovember 6, 2023 | finance.yahoo.comIs a Surprise Coming for Permian (PR) This Earnings Season?November 5, 2023 | finance.yahoo.comAre Investors Undervaluing Permian Resources Corporation (NYSE:PR) By 44%?October 26, 2023 | finance.yahoo.comWall Street’s Best Analyst Bets on These 3 Energy Stocks — Here’s Why You Might Want to Follow His LeadOctober 24, 2023 | msn.com3 Permian Basin Hotshots Near Buy Points Amid Takeover Fever After ExxonMobil, Chevron DealsOctober 12, 2023 | bizjournals.comExxon megadeal 'definitely feels a little bit different,' could lead to Permian consolidation and growthOctober 11, 2023 | msn.comExxon Is Buying Pioneer. Why Drilling at Home Looks Smart.October 11, 2023 | msn.comWill ExxonMobil's $60B Pioneer Megadeal Spur Permian M&A?October 11, 2023 | finance.yahoo.comPermian Resources Announces Third Quarter 2023 Earnings Conference CallOctober 6, 2023 | bizjournals.comExxon reportedly could buy Pioneer for $60 billion. Here's why analysts say it's a good deal.October 6, 2023 | finance.yahoo.comPermian Resources Corporation's (NYSE:PR) Stock Is Going Strong: Is the Market Following Fundamentals?See More Headlines Receive PR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Permian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/07/2023Ex-Dividend for 11/28 Dividend11/17/2023Dividend Payable11/28/2023Today12/03/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/28/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:PR CUSIPN/A CIK1658566 WebN/A Phone(432) 695-4222FaxN/AEmployees218Year FoundedN/APrice Target and Rating Average Stock Price Target$16.15 High Stock Price Target$19.00 Low Stock Price Target$15.00 Potential Upside/Downside+22.0%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$0.91 Trailing P/E Ratio14.55 Forward P/E Ratio8.65 P/E GrowthN/ANet Income$515.04 million Net Margins11.02% Pretax Margin28.40% Return on Equity12.03% Return on Assets7.95% Debt Debt-to-Equity Ratio0.38 Current Ratio0.74 Quick Ratio0.74 Sales & Book Value Annual Sales$2.13 billion Price / Sales4.81 Cash Flow$1.69 per share Price / Cash Flow7.83 Book Value$7.71 per share Price / Book1.72Miscellaneous Outstanding Shares773,770,000Free Float594,717,000Market Cap$10.24 billion OptionableOptionable Beta4.26 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. William M. Hickey III (Age 36)Director & Co-CEO Mr. James H. Walter (Age 35)Director & Co-CEO Mr. Matthew R. Garrison (Age 41)Executive VP & COO Comp: $1.17MMr. Brent P. Jensen (Age 53)Senior VP & Chief Accounting Officer Comp: $972.36kMr. John C. Bell (Age 37)Executive VP & General Counsel Comp: $484.4kMr. Guy Oliphint (Age 43)Executive VP & CFO Mr. Hays MabryDirector of Investor RelationsMs. Kathleen M. PhillipsVice President of Human ResourcesMr. William A. WeidigVice President of Finance & TreasurerMore ExecutivesKey CompetitorsChesapeake EnergyNASDAQ:CHKAPANASDAQ:APAOvintivNYSE:OVVRange ResourcesNYSE:RRCSasolNYSE:SSLView All CompetitorsInsiders & InstitutionsAmerican Century Companies Inc.Bought 29,791 shares on 11/30/2023Ownership: 0.182%Deutsche Bank AGBought 26,393 shares on 11/24/2023Ownership: 0.018%Comerica BankBought 946,019 shares on 11/21/2023Ownership: 0.122%Walleye Capital LLCBought 14,700 shares on 11/21/2023Ownership: 0.000%Walleye Trading LLCBought 5,000 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions PR Stock Analysis - Frequently Asked Questions Should I buy or sell Permian Resources stock right now? 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last twelve months. There are currently 2 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PR shares. View PR analyst ratings or view top-rated stocks. What is Permian Resources' stock price target for 2024? 14 analysts have issued 1 year target prices for Permian Resources' stock. Their PR share price targets range from $15.00 to $19.00. On average, they anticipate the company's stock price to reach $16.15 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View analysts price targets for PR or view top-rated stocks among Wall Street analysts. How have PR shares performed in 2023? Permian Resources' stock was trading at $9.40 on January 1st, 2023. Since then, PR shares have increased by 40.9% and is now trading at $13.24. View the best growth stocks for 2023 here. When is Permian Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our PR earnings forecast. How were Permian Resources' earnings last quarter? Permian Resources Co. (NASDAQ:PR) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.03. Permian Resources had a net margin of 11.02% and a trailing twelve-month return on equity of 12.03%. How often does Permian Resources pay dividends? What is the dividend yield for Permian Resources? Permian Resources announced a quarterly dividend on Tuesday, November 7th. Stockholders of record on Monday, November 20th will be paid a dividend of $0.05 per share on Tuesday, November 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 17th. Read our dividend analysis for PR. Is Permian Resources a good dividend stock? Permian Resources (NASDAQ:PR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.51%. The dividend payout ratio is 21.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PR will have a dividend payout ratio of 10.87% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PR. What ETFs hold Permian Resources' stock? ETFs with the largest weight of Permian Resources (NASDAQ:PR) stock in their portfolio include Invesco Dorsey Wright Energy Momentum ETF (PXI), Invesco Energy Exploration & Production ETF (PXE), Cambria Value and Momentum ETF (VAMO), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Natural Gas ETF (FCG), Nuveen Small Cap Select ETF (NSCS), Amplify Natural Resources Dividend Income ETF (NDIV) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH). Who are Permian Resources' major shareholders? Permian Resources' stock is owned by a number of retail and institutional investors. Top institutional investors include River Road Asset Management LLC (1.35%), Massachusetts Financial Services Co. MA (1.18%), Jennison Associates LLC (0.97%), Victory Capital Management Inc. (0.88%), Westfield Capital Management Co. LP (0.69%) and Ranger Investment Management L.P. (0.66%). Insiders that own company stock include Brent P Jensen, John Charles Bell, Matthew R Garrison, Silver Run Sponsor, Llc and Xi Us Holdings LP Ngp. View institutional ownership trends. How do I buy shares of Permian Resources? Shares of PR 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. Compare Top Brokerages Here. 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