Permian Resources (PR) Stock Forecast, Price & News

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.

14 equities research analysts have issued 1-year target prices for Permian Resources' shares. Their PR share price forecasts range from $11.00 to $20.00. On average, they expect the company's stock price to reach $15.31 in the next twelve months. This suggests a possible upside of 10.1% from the stock's current price.
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Permian Resources' stock was trading at $9.40 at the beginning of the year. Since then, PR shares have increased by 47.9% and is now trading at $13.90.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our PR earnings forecast.

Permian Resources Co. (NASDAQ:PR) posted its quarterly earnings data 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 company 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%. The business's revenue for the quarter was up 31.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share.

Permian Resources declared a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.05 per share on Wednesday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, August 14th.
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 (NASDAQ:PR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.49%. 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.

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

Permian Resources' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.20%), Nuveen Asset Management LLC (3.10%), Nuveen Asset Management LLC (3.10%), State Street Corp (2.11%), Alliancebernstein L.P. (1.97%) and Dimensional Fund Advisors LP (1.90%). 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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One share of PR stock can currently be purchased for approximately $13.90.

Permian Resources (NASDAQ:PR) has a market capitalization of $7.87 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.

The company employs 218 workers across the globe.

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.