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DOW   33,433.35
QQQ   361.26
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Permian Resources (PR) Stock Forecast, Price & News

$13.44
-0.52 (-3.72%)
(As of 10/2/2023 ET)
Compare
Today's Range
$13.34
$14.02
50-Day Range
$10.97
$14.60
52-Week Range
$7.09
$15.30
Volume
8.74 million shs
Average Volume
11.92 million shs
Market Capitalization
$7.61 billion
P/E Ratio
9.08
Dividend Yield
1.49%
Price Target
$15.31

Permian Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
13.9% Upside
$15.31 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$323.96 M Sold Last Quarter
Proj. Earnings Growth
45.14%
From $1.44 to $2.09 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Oils/Energy Sector

29th out of 246 stocks

Crude Petroleum & Natural Gas Industry

17th out of 81 stocks


PR stock logo

About Permian Resources (NASDAQ:PR) Stock

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 Price History

PR Stock News Headlines

Permian Resources Insider Trades Send a Signal
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Massive Insider Trade At Permian Resources
The World's First "$20 Trillion Drug
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12 Analysts Have This to Say About Permian Resources
What 5 Analyst Ratings Have To Say About Permian Resources
Permian Resources (PR) Gets a Buy from Truist Financial
Permian Resources: Q2 Earnings Snapshot
See More Headlines
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PR Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/23 Dividend
8/14/2023
Dividend Payable
8/23/2023
Today
10/03/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Web
N/A
Fax
N/A
Employees
218
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.31
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$515.04 million
Pretax Margin
40.92%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$1.62 per share
Book Value
$10.14 per share

Miscellaneous

Free Float
434,969,000
Market Cap
$7.61 billion
Optionable
Optionable
Beta
4.42
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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)
    Exec. VP & COO
    Comp: $1.17M
  • Mr. Brent P. Jensen (Age 53)
    Sr. VP & Chief Accounting Officer
    Comp: $972.36k
  • Mr. John C. Bell (Age 37)
    Exec. VP & Gen. Counsel
    Comp: $484.4k
  • Mr. Guy Oliphint (Age 43)
    Exec. VP & CFO
  • Mr. Hays Mabry
    Director of Investor Relations
  • Ms. Kathleen M. Phillips
    VP of HR
  • Mr. William A. Weidig
    VP of Fin. & Treasurer













PR Stock - 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 year. 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 forecast for 2023?

14 analysts have issued twelve-month price targets for Permian Resources' shares. Their PR share price forecasts range from $11.00 to $20.00. On average, they expect the company's share price to reach $15.31 in the next year. This suggests a possible upside of 13.9% 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 43.0% and is now trading at $13.44.
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 Tuesday, November 14th 2023.
View our PR earnings forecast
.

How were Permian Resources' earnings last quarter?

Permian Resources Co. (NASDAQ:PR) posted its earnings results on Wednesday, August, 2nd. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by $0.06. The business earned $623.40 million during the quarter, compared to analyst estimates of $660.10 million. Permian Resources had a net margin of 18.93% and a trailing twelve-month return on equity of 10.67%. Permian Resources's quarterly revenue was up 31.9% on a year-over-year basis. During the same period last year, the company earned $0.61 earnings per share.

How often does Permian Resources pay dividends? What is the dividend yield for Permian Resources?

Permian Resources declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.05 per share on Wednesday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, August 14th.
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 1.43%. The dividend payout ratio is 13.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PR will have a dividend payout ratio of 9.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PR.

What is Permian Resources' stock symbol?

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

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.

What is Permian Resources' stock price today?

One share of PR stock can currently be purchased for approximately $13.44.

How much money does Permian Resources make?

Permian Resources (NASDAQ:PR) has a market capitalization of $7.61 billion and generates $2.13 billion in revenue each year. The company earns $515.04 million in net income (profit) each year or $1.48 on an earnings per share basis.

How many employees does Permian Resources have?

The company employs 218 workers across the globe.

How can I contact Permian Resources?

Permian Resources' mailing address is 1001 17th St Ste 1800, Denver, Colorado 80202-2058. The company can be reached via phone at (432) 695-4222 or via email at ir@cdevinc.com.

This page (NASDAQ:PR) was last updated on 10/3/2023 by MarketBeat.com Staff

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