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Permian Resources (PR) Stock Price, News & Analysis

$15.66
-0.04 (-0.25%)
(As of 05/23/2024 ET)
Today's Range
$15.52
$16.01
50-Day Range
$15.66
$18.08
52-Week Range
$9.11
$18.28
Volume
8.37 million shs
Average Volume
10.48 million shs
Market Capitalization
$12.06 billion
P/E Ratio
14.24
Dividend Yield
1.53%
Price Target
$19.38

Permian Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
23.8% Upside
$19.38 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.93mentions of Permian Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$513.61 M Sold Last Quarter
Proj. Earnings Growth
8.84%
From $1.81 to $1.97 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.

4.43 out of 5 stars

Oils/Energy Sector

34th out of 235 stocks

Crude Petroleum & Natural Gas Industry

14th out of 74 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. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and 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

7 Affordable Energy Stocks to Buy Under $20
Raymond James Sees Opportunity in These 2 ‘Strong Buy’ Stocks
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Ex-Dividend for 3/21 Dividend
3/12/2024
Dividend Payable
3/21/2024
Ex-Dividend for 5/29 Dividend
5/20/2024
Today
5/24/2024
Dividend Payable
5/29/2024
Next Earnings (Estimated)
8/07/2024
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
461
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$19.38
High Stock Price Target
$24.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+23.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$476.31 million
Pretax Margin
28.29%

Debt

Sales & Book Value

Annual Sales
$3.12 billion
Cash Flow
$2.20 per share
Book Value
$12.14 per share

Miscellaneous

Free Float
671,396,000
Market Cap
$12.06 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?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Permian Resources in the last year. There are currently 3 hold ratings, 10 buy ratings and 1 strong buy rating 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?

14 analysts have issued twelve-month price targets for Permian Resources' stock. Their PR share price targets range from $14.00 to $24.00. On average, they predict the company's stock price to reach $19.38 in the next year. This suggests a possible upside of 23.8% 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 the year. Since then, PR shares have increased by 15.1% and is now trading at $15.66.
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 Wednesday, August 7th 2024.
View our PR earnings forecast
.

How were Permian Resources' earnings last quarter?

Permian Resources Co. (NASDAQ:PR) posted its quarterly earnings results on Tuesday, February, 27th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.11 billion. Permian Resources had a trailing twelve-month return on equity of 11.43% and a net margin of 13.90%.

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

Permian Resources declared a quarterly dividend on Tuesday, May 7th. Stockholders of record on Tuesday, May 21st will be given a dividend of $0.06 per share on Wednesday, May 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, May 20th. This is an increase from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for PR
.

Is Permian Resources a good dividend stock?

Permian Resources (NASDAQ:PR) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 21.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PR will have a dividend payout ratio of 12.18% 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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (6.96%), Riverstone Holdings LLC (5.83%), Bank of New York Mellon Corp (0.98%), Price T Rowe Associates Inc. MD (0.78%), Lord Abbett & CO. LLC (0.73%) and Westfield Capital Management Co. LP (0.59%). Insiders that own company stock include Brent P Jensen, Encap Partners Gp, Llc, Guy M Oliphint, Jeffrey Tepper, John Charles Bell, Matthew R Garrison, Robert John Anderson, Silver Run Sponsor, Llc, William J Quinn, William M Hickey III 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 5/24/2024 by MarketBeat.com Staff

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