Permian Resources (PR) Stock Price, News & Analysis

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.
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14 Wall Street research analysts have issued 12 month price objectives for Permian Resources' stock. Their PR share price targets range from $14.00 to $24.00. On average, they predict the company's share price to reach $19.00 in the next year. This suggests a possible upside of 10.4% from the stock's current price.
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Permian Resources' stock was trading at $13.60 at the start of the year. Since then, PR stock has increased by 26.5% and is now trading at $17.21.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Permian Resources will be holding an earnings conference call on Wednesday, May 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-938-2488 with passcode "24995".

Permian Resources Co. (NASDAQ:PR) released its earnings results on Tuesday, February, 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm earned $1.12 billion during the quarter, compared to analysts' expectations of $1.11 billion. Permian Resources had a trailing twelve-month return on equity of 10.98% and a net margin of 15.26%.

Permian Resources announced a quarterly dividend on Tuesday, February 27th. Stockholders of record on Wednesday, March 13th will be paid a dividend of $0.05 per share on Thursday, March 21st. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Tuesday, March 12th.
Read our dividend analysis for PR.

Permian Resources (NASDAQ:PR) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.14%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PR will have a dividend payout ratio of 9.39% next year. This indicates that the company will be able to sustain or increase its dividend.
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), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), First Trust Natural Gas ETF (FCG), Invesco S&P MidCap 400 Pure Growth ETF (RFG), Nuveen Small Cap Select ETF (NSCS) and Amplify Natural Resources Dividend Income ETF (NDIV).

Permian Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (0.21%), Viking Fund Management LLC (0.04%), Sanders Morris Harris LLC (0.03%), Richard P Slaughter Associates Inc (0.03%), Wealth Enhancement Advisory Services LLC (0.02%) and Oliver Luxxe Assets LLC (0.01%). Insiders that own company stock include Brent P Jensen, Encap Partners Gp, Llc, Guy M Oliphint, 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.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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