Top-Rated StocksTop-RatedNASDAQ:PR Permian Resources (PR) Stock Forecast, Price & News $13.44 -0.52 (-3.72%) (As of 10/2/2023 ET) Add Compare Share Share Today's Range$13.34▼$14.0250-Day Range$10.97▼$14.6052-Week Range$7.09▼$15.30Volume8.74 million shsAverage Volume11.92 million shsMarket Capitalization$7.61 billionP/E Ratio9.08Dividend Yield1.49%Price Target$15.31 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Permian Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside13.9% Upside$15.31 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$323.96 M Sold Last QuarterProj. Earnings Growth45.14%From $1.44 to $2.09 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.99 out of 5 starsOils/Energy Sector29th out of 246 stocksCrude Petroleum & Natural Gas Industry17th out of 81 stocks 3.4 Analyst's Opinion Consensus RatingPermian Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 12 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $15.31, Permian Resources has a forecasted upside of 13.9% from its current price of $13.44.Amount of Analyst CoveragePermian Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PR. Previous Next 2.5 Dividend Strength Dividend YieldPermian Resources pays a meaningful dividend of 1.43%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPermian Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Permian Resources is 13.51%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Permian Resources will have a dividend payout ratio of 9.57% next year. This indicates that Permian Resources will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PR. Previous Next 1.5 News and Social Media Coverage News SentimentPermian Resources has a news sentiment score of -0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for Permian Resources this week, compared to 4 articles on an average week.Search InterestOnly 10 people have searched for PR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows12 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Permian Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $323,964,402.00 in company stock.Percentage Held by Insiders23.14% of the stock of Permian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions53.49% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Permian Resources are expected to grow by 45.14% in the coming year, from $1.44 to $2.09 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Permian Resources is 9.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Permian Resources is 9.08, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.61.Price to Book Value per Share RatioPermian Resources has a P/B Ratio of 1.33. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Permian Resources (NASDAQ:PR) StockPermian 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.Read More PR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PR Stock News HeadlinesSeptember 26, 2023 | benzinga.comPermian Resources Insider Trades Send a SignalSeptember 26, 2023 | americanbankingnews.comPermian Resources Co. (NASDAQ:PR) Major Shareholder Xi Us Holdings L.P. Ngp Sells 24,667,500 Shares of StockOctober 3, 2023 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?" One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see 113,000% gains! Get the name of the stock here >>>September 25, 2023 | benzinga.com10% Owner of Permian Resources Sold $313.06M In StockSeptember 23, 2023 | americanbankingnews.comPermian Resources (NASDAQ:PR) Given New $19.00 Price Target at Truist FinancialSeptember 19, 2023 | msn.comPermian Resources reports 20.3M-share secondary public offeringSeptember 8, 2023 | benzinga.comMassive Insider Trade At Permian ResourcesSeptember 6, 2023 | finance.yahoo.comPermian Resources Announces Pricing of $500.0 Million Private Placement of 7.000% Senior Notes Due 2032October 3, 2023 | Behind the Markets (Ad)The World's First "$20 Trillion Drug?" One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see 113,000% gains! Get the name of the stock here >>>September 6, 2023 | finance.yahoo.comPermian Resources Announces $500.0 Million Private Placement of Senior Notes Due 2032September 5, 2023 | markets.businessinsider.com12 Analysts Have This to Say About Permian ResourcesSeptember 5, 2023 | finance.yahoo.comHere's Why We Think Permian Resources (NYSE:PR) Might Deserve Your Attention TodayAugust 23, 2023 | seekingalpha.comPermian Resources: Oil & Gas Has Gotta Be Cheap When This HappensAugust 22, 2023 | finance.yahoo.comPermian Resources (PR) Signs Deal to Expand Permian FootprintAugust 22, 2023 | markets.businessinsider.comTruist Securities Maintains Buy Rating for Permian Resources: Here's What You Need To KnowAugust 22, 2023 | forbes.comShale Merger Mania Heats Up Amid Falling Rig CountsAugust 22, 2023 | bizjournals.comNewly formed Permian Resources Corp. to acquire another company in $4.5B dealAugust 22, 2023 | seekingalpha.comPermian Basin Consolidation Continues With Permian Resources' Acquisition Of Earthstone EnergyAugust 21, 2023 | msn.comPermian Resources could be M&A target itself after Earthstone deal, analyst saysAugust 17, 2023 | markets.businessinsider.comWhat 5 Analyst Ratings Have To Say About Permian ResourcesAugust 16, 2023 | msn.comMizuho ups Chevron and two others on positive view of E&Ps, cuts two refinersAugust 9, 2023 | markets.businessinsider.comPermian Resources (PR) Gets a Buy from Truist FinancialAugust 4, 2023 | seekingalpha.comPermian Resources Corporation 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | chron.comPermian Resources reports second-quarter earningsAugust 3, 2023 | finance.yahoo.comPermian Resources (PR) Q2 Earnings and Revenues Lag EstimatesAugust 3, 2023 | washingtonpost.comPermian Resources: Q2 Earnings SnapshotAugust 3, 2023 | msn.comPermian Resources (PR) Q2 Earnings: Taking a Look at Key Metrics Versus EstimatesSee More Headlines Receive PR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Permian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PR Company Calendar Last Earnings8/02/2023Ex-Dividend for 8/23 Dividend8/14/2023Dividend Payable8/23/2023Today10/03/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNASDAQ:PR CUSIPN/A CIK1658566 WebN/A Phone(432) 695-4222FaxN/AEmployees218Year FoundedN/APrice Target and Rating Average Stock Price Forecast$15.31 High Stock Price Forecast$20.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+13.9%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio9.08 Forward P/E Ratio9.33 P/E GrowthN/ANet Income$515.04 million Net Margins18.93% Pretax Margin40.92% Return on Equity10.67% Return on Assets7.03% Debt Debt-to-Equity Ratio0.35 Current Ratio0.59 Quick Ratio0.59 Sales & Book Value Annual Sales$2.13 billion Price / Sales3.57 Cash Flow$1.62 per share Price / Cash Flow8.32 Book Value$10.14 per share Price / Book1.33Miscellaneous Outstanding Shares565,920,000Free Float434,969,000Market Cap$7.61 billion OptionableOptionable Beta4.42 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. William M. Hickey III (Age 36)Director & Co-CEO Mr. James H. Walter (Age 35)Director & Co-CEO Mr. Matthew R. Garrison (Age 41)Exec. VP & COO Comp: $1.17MMr. Brent P. Jensen (Age 53)Sr. VP & Chief Accounting Officer Comp: $972.36kMr. John C. Bell (Age 37)Exec. VP & Gen. Counsel Comp: $484.4kMr. Guy Oliphint (Age 43)Exec. VP & CFO Mr. Hays MabryDirector of Investor RelationsMs. Kathleen M. PhillipsVP of HRMr. William A. WeidigVP of Fin. & TreasurerMore ExecutivesKey CompetitorsRange ResourcesNYSE:RRCAntero ResourcesNYSE:ARSasolNYSE:SSLMurphy OilNYSE:MURMatador ResourcesNYSE:MTDRView All CompetitorsInsiders & InstitutionsXi Us Holdings L.P. NgpSold 24,667,500 sharesTotal: $313.03 M ($12.69/share)Brent P JensenSold 8,082 sharesTotal: $115,572.60 ($14.30/share)Brent P JensenSold 171,817 sharesTotal: $2.55 M ($14.83/share)John Charles BellSold 4,588 sharesTotal: $68,085.92 ($14.84/share)Wolverine Trading LLCSold 53,300 shares on 8/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions PR Stock - 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 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. What is Permian Resources' stock price forecast for 2023? 14 analysts have issued twelve-month price targets for Permian Resources' shares. Their PR share price forecasts range from $11.00 to $20.00. On average, they expect the company's share price to reach $15.31 in the next year. This suggests a possible upside of 13.9% 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 at the start of the year. Since then, PR stock has increased by 43.0% and is now trading at $13.44. 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 Tuesday, November 14th 2023. View our PR earnings forecast. How were Permian Resources' earnings last quarter? Permian Resources Co. (NASDAQ:PR) posted its earnings results 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 business 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%. Permian Resources's quarterly revenue was up 31.9% on a year-over-year basis. During the same period last 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 declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.05 per share on Wednesday, August 23rd. This represents a $0.20 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, August 14th. Read our dividend analysis for PR. What ETFs hold Permian Resources' stock? 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). 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 1.43%. 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. What is Permian Resources' stock symbol? Permian Resources trades on the NASDAQ under the ticker symbol "PR." 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. What is Permian Resources' stock price today? One share of PR stock can currently be purchased for approximately $13.44. How much money does Permian Resources make? Permian Resources (NASDAQ:PR) has a market capitalization of $7.61 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. How many employees does Permian Resources have? The company employs 218 workers across the globe. How can I contact Permian Resources? 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. This page (NASDAQ:PR) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Permian Resources Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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