Q1 Earnings Estimate for PR Issued By Capital One Financial

Permian Resources Co. (NYSE:PR) – Analysts at Capital One Financial boosted their Q1 2025 earnings per share estimates for shares of Permian Resources in a research note issued on Wednesday, April 16th. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings of $0.39 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Permian Resources from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Bank of America dropped their price objective on shares of Permian Resources from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Williams Trading set a $19.00 target price on shares of Permian Resources in a research note on Wednesday, March 5th. Truist Financial raised their price objective on Permian Resources from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 13th. Finally, Citigroup downgraded Permian Resources from a “buy” rating to a “reduce” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Permian Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.73.

Permian Resources Stock Performance

NYSE:PR opened at $12.04 on Thursday. Permian Resources has a twelve month low of $10.01 and a twelve month high of $17.67. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $14.13. The firm has a market capitalization of $9.67 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 4.05 and a beta of 3.81.

Permian Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. Permian Resources’s payout ratio is currently 41.96%.

Insider Transactions at Permian Resources

In other news, CAO Robert Regan Shannon sold 2,731 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $14.02, for a total transaction of $38,288.62. Following the transaction, the chief accounting officer now owns 58,668 shares in the company, valued at approximately $822,525.36. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Charles Bell sold 2,804 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $14.03, for a total value of $39,340.12. Following the completion of the sale, the executive vice president now owns 74,433 shares of the company’s stock, valued at approximately $1,044,294.99. This represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,685 shares of company stock valued at $135,687. Corporate insiders own 12.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Permian Resources by 188.0% in the 3rd quarter. Wellington Management Group LLP now owns 42,404 shares of the company’s stock worth $577,000 after purchasing an additional 27,679 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of Permian Resources during the third quarter valued at about $45,000. MML Investors Services LLC bought a new stake in shares of Permian Resources during the third quarter worth about $586,000. M&T Bank Corp bought a new position in Permian Resources in the 3rd quarter valued at about $455,000. Finally, Coldstream Capital Management Inc. acquired a new position in Permian Resources during the 3rd quarter valued at about $169,000. Institutional investors own 91.84% of the company’s stock.

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.