FY2024 EPS Estimates for Permian Resources Co. Decreased by Capital One Financial (NASDAQ:PR)

Permian Resources Co. (NASDAQ:PR) – Capital One Financial dropped their FY2024 earnings per share (EPS) estimates for Permian Resources in a note issued to investors on Tuesday, September 3rd. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings per share of $1.61 for the year, down from their previous forecast of $1.62. The consensus estimate for Permian Resources’ current full-year earnings is $1.63 per share. Capital One Financial also issued estimates for Permian Resources’ Q3 2025 earnings at $0.47 EPS and FY2025 earnings at $1.86 EPS.

Permian Resources (NASDAQ:PR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Permian Resources had a net margin of 15.62% and a return on equity of 11.91%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.27 earnings per share. The business’s revenue was up 99.9% compared to the same quarter last year.

Several other analysts have also recently weighed in on PR. BMO Capital Markets raised Permian Resources from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Wednesday, July 3rd. Susquehanna lowered their target price on Permian Resources from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday. UBS Group decreased their price target on shares of Permian Resources from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Wolfe Research started coverage on shares of Permian Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Mizuho increased their price objective on Permian Resources from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.93.

Permian Resources Stock Down 1.4 %

Shares of NASDAQ PR opened at $13.58 on Wednesday. The business has a fifty day moving average of $15.19 and a two-hundred day moving average of $15.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.50 and a current ratio of 0.50. Permian Resources has a 52-week low of $12.34 and a 52-week high of $18.28. The stock has a market cap of $10.90 billion, a PE ratio of 12.35, a PEG ratio of 0.77 and a beta of 4.33.

Permian Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 19th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Monday, August 19th. Permian Resources’s dividend payout ratio is currently 21.82%.

Hedge Funds Weigh In On Permian Resources

Several institutional investors have recently added to or reduced their stakes in PR. Principal Financial Group Inc. increased its holdings in shares of Permian Resources by 47.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,725,462 shares of the company’s stock valued at $23,466,000 after acquiring an additional 554,694 shares in the last quarter. Mount Lucas Management LP bought a new stake in shares of Permian Resources during the fourth quarter valued at approximately $746,000. DRW Securities LLC bought a new stake in shares of Permian Resources during the fourth quarter valued at approximately $1,904,000. Franklin Resources Inc. increased its holdings in shares of Permian Resources by 74.2% during the fourth quarter. Franklin Resources Inc. now owns 351,681 shares of the company’s stock valued at $4,783,000 after acquiring an additional 149,851 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Permian Resources by 10.4% during the first quarter. American International Group Inc. now owns 830,432 shares of the company’s stock valued at $14,665,000 after acquiring an additional 78,146 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Permian Resources Company Profile

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.