Capital One Financial Analysts Cut Earnings Estimates for PR

Permian Resources Corporation (NYSE:PR) – Equities researchers at Capital One Financial cut their FY2025 earnings per share (EPS) estimates for Permian Resources in a report issued on Tuesday, June 17th. Capital One Financial analyst P. Johnston now forecasts that the company will post earnings of $1.54 per share for the year, down from their prior forecast of $1.55. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources’ FY2026 earnings at $1.46 EPS.

A number of other research firms have also weighed in on PR. Wells Fargo & Company lowered their price objective on Permian Resources from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank Of Canada lifted their target price on Permian Resources from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Raymond James Financial restated a “strong-buy” rating and issued a $23.00 target price (up previously from $20.00) on shares of Permian Resources in a research report on Monday, May 19th. Morgan Stanley reduced their target price on Permian Resources from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, The Goldman Sachs Group lifted their target price on Permian Resources from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Permian Resources has an average rating of “Moderate Buy” and an average price target of $18.50.

Permian Resources Stock Performance

NYSE PR opened at $14.70 on Thursday. The stock’s fifty day moving average is $12.89 and its two-hundred day moving average is $13.66. The firm has a market capitalization of $11.81 billion, a P/E ratio of 9.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.86 and a current ratio of 0.86. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.95.

Permian Resources (NYSE:PR) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Permian Resources had a return on equity of 11.96% and a net margin of 22.74%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $0.25 EPS.

Permian Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.60 annualized dividend and a dividend yield of 4.08%. Permian Resources’s dividend payout ratio is presently 37.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. grew its stake in Permian Resources by 73.6% during the 4th quarter. Principal Securities Inc. now owns 2,010 shares of the company’s stock worth $29,000 after purchasing an additional 852 shares in the last quarter. Allworth Financial LP grew its stake in Permian Resources by 376.7% during the 1st quarter. Allworth Financial LP now owns 2,069 shares of the company’s stock worth $29,000 after purchasing an additional 1,635 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Permian Resources during the 1st quarter worth $30,000. Global Retirement Partners LLC grew its stake in Permian Resources by 98.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,484 shares of the company’s stock worth $36,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of Permian Resources by 1,152.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,505 shares of the company’s stock worth $36,000 after acquiring an additional 2,305 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

About Permian Resources

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.