Permian Resources (NYSE:PR) Price Target Raised to $21.00 at Wells Fargo & Company

Permian Resources (NYSE:PR) had its price objective lifted by Wells Fargo & Company from $17.00 to $21.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

PR has been the topic of several other reports. The Goldman Sachs Group increased their price objective on Permian Resources from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Benchmark downgraded Permian Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 target price on shares of Permian Resources in a research note on Thursday, February 26th. Morgan Stanley reduced their price target on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd. Finally, Mizuho lifted their price target on shares of Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Permian Resources Stock Performance

Permian Resources stock opened at $19.24 on Monday. The firm’s fifty day moving average price is $16.60 and its 200-day moving average price is $14.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $15.95 billion, a P/E ratio of 15.39 and a beta of 0.66. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $19.64.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts expect that Permian Resources will post 1.45 earnings per share for the current fiscal year.

Permian Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.16 dividend. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. Permian Resources’s payout ratio is presently 48.00%.

Insider Transactions at Permian Resources

In other news, EVP John Charles Bell sold 158,385 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.39, for a total value of $2,912,700.15. Following the transaction, the executive vice president owned 1,567,172 shares in the company, valued at approximately $28,820,293.08. This trade represents a 9.18% 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 hyperlink. Also, Director William J. Quinn sold 800,000 shares of Permian Resources stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $19.15, for a total transaction of $15,320,000.00. Following the completion of the transaction, the director directly owned 7,426,839 shares in the company, valued at approximately $142,223,966.85. The trade was a 9.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,815,093 shares of company stock valued at $78,776,101. Insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Permian Resources

A number of large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Permian Resources by 69.2% during the first quarter. AQR Capital Management LLC now owns 149,696 shares of the company’s stock valued at $2,060,000 after acquiring an additional 61,230 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Permian Resources by 18.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,452,127 shares of the company’s stock worth $75,512,000 after purchasing an additional 852,347 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Permian Resources by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,209,457 shares of the company’s stock worth $16,751,000 after purchasing an additional 87,105 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Permian Resources during the 2nd quarter valued at about $161,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Permian Resources by 154.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock valued at $31,000 after purchasing an additional 1,391 shares during the period. Institutional investors own 91.84% of the company’s stock.

More Permian Resources News

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Piper Sandler raised its price target to $27 (from $24), widening upside expectations and reinforcing bullish analyst momentum around Permian’s valuation and dividend profile. Piper Sandler Lifts PT on Permian Resources
• Positive Sentiment: Wells Fargo upgraded PR to “overweight” and lifted its target from $17 to $21, signaling additional analyst confidence and implying further upside versus current levels. Wells Fargo Price Target Raise (Benzinga)
• Positive Sentiment: Recent writeups assessing Permian’s valuation point to analyst upgrades and a dividend increase as key catalysts supporting the stock’s rerating — these stories help explain buying interest from income-focused investors. Assessing Permian Resources Valuation
• Neutral Sentiment: Broad energy sector commentary (e.g., Goldman Sachs / top energy picks) and geopolitical oil upside after recent U.S.–Iran developments provide a macro tailwind for E&P names, which can indirectly lift Permian, though these pieces don’t single out PR as a primary beneficiary. Goldman Sachs Top Energy Picks
• Neutral Sentiment: Comparative analyses and finance‑site coverage (e.g., head‑to‑head pieces) increase visibility but typically have limited immediate price impact unless accompanied by fresh earnings or guidance. Head-to-Head Analysis
• Negative Sentiment: A director, Jeffrey Tepper, sold 50,000 shares at roughly $19.38 (about $969k), reducing his stake nearly 25% — an SEC‑filed Form 4. Insider selling can create short‑term downward pressure and may concern some investors about timing of liquidity needs. Insider Sale SEC Filing

About Permian Resources

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.