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Permian Resources (PR) Stock Price, News & Analysis

-0.01 (-0.06%)
(As of 05/29/2024 ET)
Today's Range
50-Day Range
52-Week Range
11.69 million shs
Average Volume
9.62 million shs
Market Capitalization
$12.37 billion
P/E Ratio
Dividend Yield
Price Target

Permian Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
20.6% Upside
$19.38 Price Target
Short Interest
Dividend Strength
Based on Four Factors
News Sentiment
0.94mentions of Permian Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$512.85 M Sold Last Quarter
Proj. Earnings Growth
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.

4.41 out of 5 stars

Oils/Energy Sector

24th out of 238 stocks

Crude Petroleum & Natural Gas Industry

11th 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

Ex-Dividend for 3/21 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 5/29 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Crude petroleum & natural gas
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
$476.31 million
Pretax Margin


Sales & Book Value

Annual Sales
$3.12 billion
Cash Flow
$2.31 per share
Book Value
$12.14 per share


Free Float
Market Cap
$12.36 billion
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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 3 hold ratings, 10 buy ratings and 1 strong buy rating 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 brokers have issued 1-year target prices for Permian Resources' shares. Their PR share price targets range from $14.00 to $24.00. On average, they anticipate the company's share price to reach $19.38 in the next year. This suggests a possible upside of 20.6% 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 stock has increased by 18.2% and is now trading at $16.07.
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) issued its earnings results on Tuesday, May, 7th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The company earned $1.24 billion during the quarter, compared to analysts' expectations of $1.17 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 announced 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 annualized dividend and a dividend yield of 1.49%. 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 1.52%. 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 retail and institutional investors. Top institutional investors 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 5/29/2024 by Staff

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