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S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NASDAQ:PR

Permian Resources (PR) Stock Price, News & Analysis

$15.05
+0.03 (+0.20%)
(As of 02/23/2024 ET)
Today's Range
$14.76
$15.08
50-Day Range
$12.87
$15.05
52-Week Range
$8.94
$15.49
Volume
8.34 million shs
Average Volume
7.77 million shs
Market Capitalization
$11.65 billion
P/E Ratio
16.54
Dividend Yield
1.33%
Price Target
$16.40

Permian Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
9.0% Upside
$16.40 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of Permian Resources in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$106.81 M Sold Last Quarter
Proj. Earnings Growth
5.88%
From $1.36 to $1.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.66 out of 5 stars

Oils/Energy Sector

149th out of 242 stocks

Crude Petroleum & Natural Gas Industry

56th out of 76 stocks


PR stock logo

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

PR Stock News Headlines

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Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Permian Resources (PR) Scheduled to Post Earnings on Tuesday
PR Mar 2024 15.000 call
PR Mar 2024 11.000 put
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Get a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation.
Piper Sandler Keeps Their Buy Rating on Permian Resources (PR)
Navigating 6 Analyst Ratings For Permian Resources
The Analyst Landscape: 8 Takes On Permian Resources
Permian Resources Prices Secondary Public Offering Of 39.4 Mln Shares
Permian Resources Corp's Dividend Analysis
What 14 Analyst Ratings Have To Say About Permian Resources
Permian Resources: Solid Q3 And Completed Acquisition
See More Headlines
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Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 11/28 Dividend
11/17/2023
Dividend Payable
11/28/2023
Today
2/24/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

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 Target
$16.40
High Stock Price Target
$23.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$515.04 million
Pretax Margin
28.40%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$1.68 per share
Book Value
$10.14 per share

Miscellaneous

Free Float
594,717,000
Market Cap
$11.65 billion
Optionable
Optionable
Beta
4.32
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PR Stock Analysis - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street 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?

16 Wall Street analysts have issued 12 month price targets for Permian Resources' shares. Their PR share price targets range from $14.00 to $23.00. On average, they anticipate the company's stock price to reach $16.40 in the next year. This suggests a possible upside of 9.0% 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 2024?

Permian Resources' stock was trading at $13.60 at the beginning of 2024. Since then, PR shares have increased by 10.7% and is now trading at $15.05.
View the best growth stocks for 2024 here
.

When is Permian Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our PR earnings forecast
.

How can I listen to Permian Resources' earnings call?

Permian Resources will be holding an earnings conference call on Wednesday, February 28th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-674-7070 with passcode "855841".

How were Permian Resources' earnings last quarter?

Permian Resources Co. (NASDAQ:PR) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.06. The firm had revenue of $623.40 million for the quarter, compared to analysts' expectations of $660.10 million. Permian Resources had a trailing twelve-month return on equity of 12.03% and a net margin of 11.02%. The firm's quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous 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 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 dividend on an annualized basis and a yield of 1.33%. 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 1.36%. 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 13.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PR.

Who are Permian Resources' major shareholders?

Permian Resources' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverstone Holdings LLC (6.44%), Vanguard Group Inc. (6.24%), EnCap Energy Capital Fund XI L.P. (3.36%), Post Oak Energy Holdings LLC (2.72%), Nuveen Asset Management LLC (2.42%) and Massachusetts Financial Services Co. MA (1.70%). Insiders that own company stock include Brent P Jensen, Encap Partners Gp, Llc, Guy M Oliphint, John Charles Bell, Matthew R Garrison, Robert John Anderson, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PR) was last updated on 2/24/2024 by MarketBeat.com Staff