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

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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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%.

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.

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.

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).

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.
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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.
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