Roth Capital Predicts Lower Earnings for Permian Resources

Permian Resources Corporation (NYSE:PR) – Investment analysts at Roth Capital lowered their FY2026 earnings estimates for shares of Permian Resources in a research note issued on Tuesday, October 14th. Roth Capital analyst L. Mariani now forecasts that the company will earn $0.75 per share for the year, down from their previous estimate of $1.06. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share.

Several other brokerages have also recently weighed in on PR. Susquehanna upped their price target on shares of Permian Resources from $19.00 to $20.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Permian Resources in a research report on Wednesday, October 8th. Piper Sandler upped their price target on shares of Permian Resources from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Royal Bank Of Canada increased their target price on shares of Permian Resources from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company decreased their target price on shares of Permian Resources from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $18.67.

Permian Resources Price Performance

Shares of PR opened at $12.28 on Friday. The company has a 50 day moving average price of $13.36 and a 200-day moving average price of $13.20. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.33. The stock has a market capitalization of $9.83 billion, a PE ratio of 7.98 and a beta of 1.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.63 and a current ratio of 0.63.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Permian Resources had a net margin of 22.41% and a return on equity of 10.91%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The company’s revenue was down 3.9% compared to the same quarter last year.

Permian Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. Permian Resources’s dividend payout ratio is presently 38.96%.

Insiders Place Their Bets

In other Permian Resources news, EVP John Charles Bell sold 4,743 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $14.21, for a total value of $67,398.03. Following the completion of the transaction, the executive vice president owned 107,569 shares of the company’s stock, valued at approximately $1,528,555.49. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Robert Regan Shannon sold 4,742 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $14.22, for a total transaction of $67,431.24. Following the completion of the transaction, the executive vice president directly owned 91,805 shares of the company’s stock, valued at approximately $1,305,467.10. This represents a 4.91% decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Permian Resources by 86.8% in the second quarter. Bank of New York Mellon Corp now owns 23,963,307 shares of the company’s stock worth $326,380,000 after buying an additional 11,133,354 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Permian Resources by 19.4% in the first quarter. Dimensional Fund Advisors LP now owns 14,099,726 shares of the company’s stock worth $195,276,000 after buying an additional 2,286,363 shares during the last quarter. Nuveen LLC purchased a new position in shares of Permian Resources in the first quarter worth $175,525,000. American Century Companies Inc. raised its holdings in shares of Permian Resources by 20.3% in the second quarter. American Century Companies Inc. now owns 11,043,274 shares of the company’s stock worth $150,409,000 after buying an additional 1,863,632 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Permian Resources in the second quarter worth $134,119,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.