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Permian Resources (PR) Stock Price, News & Analysis

Permian Resources logo
$15.48 +0.20 (+1.31%)
(As of 12:15 PM ET)

About Permian Resources Stock (NYSE:PR)

Key Stats

Today's Range
$15.31
$15.53
50-Day Range
$13.06
$16.21
52-Week Range
$12.34
$18.28
Volume
2.29 million shs
Average Volume
9.94 million shs
Market Capitalization
$12.44 billion
P/E Ratio
9.38
Dividend Yield
3.88%
Price Target
$18.93
Consensus Rating
Moderate Buy

Company Overview

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.

Permian Resources Stock Analysis - MarketRank™

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95th Percentile Overall Score

PR MarketRank™: 

Permian Resources scored higher than 95% of companies evaluated by MarketBeat, and ranked 16th out of 268 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Permian Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.94, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Permian Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Permian Resources' stock forecast and price target.
  • Earnings Growth

    Earnings for Permian Resources are expected to grow by 4.08% in the coming year, from $1.47 to $1.53 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Permian Resources is 9.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Permian Resources is 9.38, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.42.

  • Price to Earnings Growth Ratio

    Permian Resources has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Permian Resources has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Permian Resources' valuation and earnings.
  • Percentage of Shares Shorted

    6.24% of the float of Permian Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Permian Resources has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Permian Resources has recently increased by 6.06%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Permian Resources is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Permian Resources does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Permian Resources is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Permian Resources will have a dividend payout ratio of 39.22% next year. This indicates that Permian Resources will be able to sustain or increase its dividend.

  • Read more about Permian Resources' dividend.
  • Percentage of Shares Shorted

    6.24% of the float of Permian Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Permian Resources has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Permian Resources has recently increased by 6.06%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Permian Resources has a news sentiment score of 1.11. 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 higher news sentiment than the 0.82 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Permian Resources this week, compared to 7 articles on an average week.
  • Search Interest

    23 people have searched for PR on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.
  • MarketBeat Follows

    Only 13 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $134,327.00 in company stock.

  • Percentage Held by Insiders

    12.80% 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 Institutions

    91.84% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Permian Resources' insider trading history.
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PR Stock News Headlines

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Truist Financial Reaffirms Their Buy Rating on Permian Resources (PR)
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PR Stock Analysis - Frequently Asked Questions

Permian Resources' stock was trading at $13.60 at the start of the year. Since then, PR stock has increased by 13.8% and is now trading at $15.47.
View the best growth stocks for 2024 here
.

Permian Resources Co. (NYSE:PR) issued its quarterly earnings results on Wednesday, November, 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.21. The company's revenue was up 60.3% on a year-over-year basis.

Permian Resources' top institutional investors include State Street Corp (2.74%), Massachusetts Financial Services Co. MA (2.26%), Geode Capital Management LLC (1.36%) and Jennison Associates LLC (0.95%). Insiders that own company stock include William J Quinn, Silver Run Sponsor, Llc, Xi Us Holdings LP Ngp, Encap Partners Gp, Llc, Matthew R Garrison, Brent P Jensen, Robert John Anderson, Jeffrey Tepper, Guy M Oliphint, John Charles Bell, Robert Regan Shannon and William M Hickey III.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Permian Resources investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Arista Networks (ANET) and CrowdStrike (CRWD).

Company Calendar

Last Earnings
11/06/2024
Ex-Dividend for 11/22 Dividend
11/14/2024
Dividend Payable
11/22/2024
Today
12/03/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/25/2025

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Web
N/A
Fax
N/A
Employees
461
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.93
High Stock Price Target
$24.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
16 Analysts

Profitability

Net Income
$476.31 million
Pretax Margin
35.72%

Debt

Sales & Book Value

Annual Sales
$3.12 billion
Cash Flow
$2.25 per share
Book Value
$11.96 per share

Miscellaneous

Free Float
700,533,000
Market Cap
$12.43 billion
Optionable
Optionable
Beta
4.35
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This page (NYSE:PR) was last updated on 12/3/2024 by MarketBeat.com Staff
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