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S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
All the trading advice you’ve ever received boils down to this (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
All the trading advice you’ve ever received boils down to this (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
All the trading advice you’ve ever received boils down to this (Ad)
Breaches by Iran-affiliated hackers spanned multiple U.S. states, federal agencies say
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars

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

$13.24
+0.10 (+0.76%)
(As of 12/1/2023 ET)
Compare
Today's Range
$13.01
$13.51
50-Day Range
$12.59
$15.46
52-Week Range
$8.43
$15.49
Volume
6.41 million shs
Average Volume
7.10 million shs
Market Capitalization
$10.24 billion
P/E Ratio
14.55
Dividend Yield
1.51%
Price Target
$16.15

Permian Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
22.0% Upside
$16.15 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.25mentions of Permian Resources in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$315.76 M Sold Last Quarter
Proj. Earnings Growth
20.26%
From $1.53 to $1.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Oils/Energy Sector

31st out of 229 stocks

Crude Petroleum & Natural Gas Industry

18th out of 71 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

Brokerages Set Permian Resources Co. (NASDAQ:PR) PT at $16.31
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Permian Resources Corp's Dividend Analysis
What 14 Analyst Ratings Have To Say About Permian Resources
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Permian Resources: Solid Q3 And Completed Acquisition
Q3 2023 Permian Resources Corp Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Ex-Dividend for 11/28 Dividend
11/17/2023
Dividend Payable
11/28/2023
Today
12/03/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

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
$16.15
High Stock Price Target
$19.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+22.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
14 Analysts

Profitability

Net Income
$515.04 million
Pretax Margin
28.40%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$1.69 per share
Book Value
$7.71 per share

Miscellaneous

Free Float
594,717,000
Market Cap
$10.24 billion
Optionable
Optionable
Beta
4.26
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PR Stock Analysis - Frequently Asked Questions

Should I buy or sell Permian Resources stock right now?

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.
View PR analyst ratings
or view top-rated stocks.

What is Permian Resources' stock price target for 2024?

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.
View analysts price targets for PR
or view top-rated stocks among Wall Street analysts.

How have PR shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Permian Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our PR earnings forecast
.

How were Permian Resources' earnings last quarter?

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%.

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 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
.

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 1.51%. 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.

Who are Permian Resources' major shareholders?

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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:PR) was last updated on 12/3/2023 by MarketBeat.com Staff

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