Should I buy or sell Permian Resources stock right now?

14 Wall Street equities 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 equities 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 brokerages have issued 12 month target prices for Permian Resources' stock. Their PR share price targets range from $15.00 to $19.00. On average, they predict the company's share price to reach $16.15 in the next twelve months. This suggests a possible upside of 24.7% 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 at the start of the year. Since then, PR stock has increased by 37.8% and is now trading at $12.95. 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) posted 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 declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Monday, November 20th will be given a dividend of $0.05 per share on Tuesday, November 28th. This represents a $0.20 annualized dividend and a yield of 1.54%. The ex-dividend date 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 1.57%. 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 variety of institutional and retail investors. Top institutional shareholders 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 .

Top-Rated StocksTop-Rated

Permian Resources Stock Price, News & Analysis (NASDAQ:PR)

$12.95

+0.24 (+1.89%)

(As of 12/8/2023 ET)

Compare

Today's Range: $12.78
▼
$13.02
50-Day Range: $12.52
▼
$15.46
52-Week Range: $8.43
▼
$15.49

Volume: 9.44 million shs
Average Volume: 6.79 million shs
Market Capitalization: $10.02 billion

P/E Ratio: 14.23
Dividend Yield: 1.54%
Price Target: $16.15

Permian Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.86 Rating Score
Upside/Downside: 24.7% Upside
$16.15 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.82
Based on 12 Articles This Week
Insider Trading: Selling Shares
$313.15 M Sold Last Quarter
Proj. Earnings Growth: 20.26%
From $1.53 to $1.84 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.04 out of 5 stars

Oils/Energy Sector

4th out of 234 stocks

Crude Petroleum & Natural Gas Industry

3rd out of 71 stocks

3.4

Analyst's Opinion

Consensus Rating
Permian 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/Downside
According to analysts' consensus price target of $16.15, Permian Resources has a forecasted upside of 24.7% from its current price of $12.95.
Amount of Analyst Coverage
Permian Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for PR.

2.5

Dividend Strength

Dividend Yield
Permian Resources pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Permian Resources does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Permian Resources is 21.98%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based 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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PR.

3.2

News and Social Media Coverage

News Sentiment
Permian Resources has a news sentiment score of 0.82. 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 higher news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Permian Resources this week, compared to 4 articles on an average week.
Search Interest
28 people have searched for PR on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -36% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $313,146,148.00 in company stock.
Percentage Held by Insiders
23.14% 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 Institutions
53.49% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Permian Resources is 14.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Permian Resources is 14.23, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.78.
Price to Book Value per Share Ratio
Permian Resources has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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.

PR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PR Stock News Headlines

December 8, 2023 | finance.yahoo.com

Do Options Traders Know Something About Permian Resources (PR) Stock We Don't?

December 7, 2023 | finance.yahoo.com

Permian Resources Announces Pricing of $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032

December 9, 2023 | Autonomix (Ad)

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December 7, 2023 | finance.yahoo.com

Permian Resources Announces $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032

December 6, 2023 | americanbankingnews.com

Traders Buy Large Volume of Call Options on Permian Resources (NASDAQ:PR)

December 3, 2023 | uk.sports.yahoo.com

Those who invested in Permian Resources (NYSE:PR) three years ago are up 828%

December 3, 2023 | americanbankingnews.com

Brokerages Set Permian Resources Co. (NASDAQ:PR) PT at $16.31

December 1, 2023 | americanbankingnews.com

Permian Resources (NASDAQ:PR) Price Target Cut to $18.00 by Analysts at Stifel Nicolaus

December 9, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 17, 2023 | finance.yahoo.com

Permian Resources Corp's Dividend Analysis

November 15, 2023 | markets.businessinsider.com

Buy Rating for Permian Resources: Competitive Advantage, Strong Growth, and High Shareholder Value Return

November 15, 2023 | markets.businessinsider.com

What 14 Analyst Ratings Have To Say About Permian Resources

November 14, 2023 | seekingalpha.com

Permian Resources: Solid Q3 And Completed Acquisition

November 12, 2023 | finance.yahoo.com

Permian Resources (NYSE:PR) Could Be A Buy For Its Upcoming Dividend

November 12, 2023 | finance.yahoo.com

Permian Resources Corporation (NYSE:PR) Q3 2023 Earnings Call Transcript

November 10, 2023 | markets.businessinsider.com

Promising Operational Efficiencies and Future Forecasts Bolster Buy Rating for Permian Resources

November 9, 2023 | nz.news.yahoo.com

Q3 2023 Permian Resources Corp Earnings Call

November 8, 2023 | msn.com

Permian Resources (PR) Lags Q3 Earnings Estimates

November 8, 2023 | finance.yahoo.com

Compared to Estimates, Permian Resources (PR) Q3 Earnings: A Look at Key Metrics

November 6, 2023 | msn.com

Five potential takeover targets in the oil industry, following deals by Exxon Mobil and Chevron

November 6, 2023 | finance.yahoo.com

Is a Surprise Coming for Permian (PR) This Earnings Season?

November 5, 2023 | finance.yahoo.com

Are Investors Undervaluing Permian Resources Corporation (NYSE:PR) By 44%?

October 26, 2023 | finance.yahoo.com

Wall Street’s Best Analyst Bets on These 3 Energy Stocks — Here’s Why You Might Want to Follow His Lead

October 24, 2023 | msn.com

3 Permian Basin Hotshots Near Buy Points Amid Takeover Fever After ExxonMobil, Chevron Deals

October 12, 2023 | bizjournals.com

Exxon megadeal 'definitely feels a little bit different,' could lead to Permian consolidation and growth

October 11, 2023 | msn.com

Exxon Is Buying Pioneer. Why Drilling at Home Looks Smart.

October 11, 2023 | msn.com

Will ExxonMobil's $60B Pioneer Megadeal Spur Permian M&A?

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Ex-Dividend for 11/28 Dividend: 11/17/2023
Dividend Payable: 11/28/2023
Today: 12/09/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:PR
CUSIP: N/A
CIK: 1658566
Web: N/A
Phone: (432) 695-4222
Fax: N/A
Employees: 218
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $16.15
High Stock Price Target: $19.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +24.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.86
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.91
Trailing P/E Ratio: 14.23
Forward P/E Ratio: 8.46
P/E Growth: N/A
Net Income: $515.04 million
Net Margins: 11.02%
Pretax Margin: 28.40%
Return on Equity: 12.03%
Return on Assets: 7.95%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 0.74
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $2.13 billion
Price / Sales: 4.70
Cash Flow: $1.71 per share
Price / Cash Flow: 7.57
Book Value: $10.14 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 773,770,000
Free Float: 594,717,000
Market Cap: $10.02 billion
Optionable: Optionable
Beta: 4.25

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Key Executives

Mr. 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: $1.17M
Mr. Brent P. Jensen (Age 53)
Senior VP & Chief Accounting Officer
Comp: $972.36k
Mr. John C. Bell (Age 37)
Executive VP & General Counsel
Comp: $484.4k
Mr. Guy Oliphint (Age 43)
Executive VP & CFO
Mr. Hays Mabry
Director of Investor Relations
Ms. Kathleen M. Phillips
Vice President of Human Resources
Mr. William A. Weidig
Vice President of Finance & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PR Stock Analysis - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?: 14 Wall Street equities 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 equities 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 brokerages have issued 12 month target prices for Permian Resources' stock. Their PR share price targets range from $15.00 to $19.00. On average, they predict the company's share price to reach $16.15 in the next twelve months. This suggests a possible upside of 24.7% 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 at the start of the year. Since then, PR stock has increased by 37.8% and is now trading at $12.95.
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) posted 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 declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Monday, November 20th will be given a dividend of $0.05 per share on Tuesday, November 28th. This represents a $0.20 annualized dividend and a yield of 1.54%. The ex-dividend date 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 1.57%. 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 variety of institutional and retail investors. Top institutional shareholders 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.

This page (NASDAQ:PR) was last updated on 12/9/2023 by MarketBeat.com Staff

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Permian Resources Stock Price, News & Analysis (NASDAQ:PR)

Permian Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Permian Resources Stock (NASDAQ:PR)

PR Stock Price History

PR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

PR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™