Permian Resources (NYSE:PR) Upgraded at Truist Financial

Truist Financial upgraded shares of Permian Resources (NYSE:PR) to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

A number of other research firms also recently commented on PR. Royal Bank Of Canada boosted their target price on Permian Resources from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Morgan Stanley dropped their price target on Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Piper Sandler lifted their price objective on Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Wells Fargo & Company lifted their price objective on Permian Resources from $17.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Finally, Susquehanna decreased their price objective on Permian Resources from $20.00 to $18.00 and set a “positive” rating on the stock in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.07.

Permian Resources Stock Performance

Shares of NYSE PR opened at $20.89 on Monday. 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 company has a market cap of $17.47 billion, a P/E ratio of 16.71, a P/E/G ratio of 3.72 and a beta of 0.66. The firm’s fifty day moving average is $17.45 and its two-hundred day moving average is $14.90. Permian Resources has a 52-week low of $10.01 and a 52-week high of $20.92.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. As a group, analysts anticipate that Permian Resources will post 1.45 EPS 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. Investors of record on Tuesday, March 17th will be given a $0.16 dividend. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, March 17th. Permian Resources’s dividend payout ratio (DPR) is 51.20%.

Insider Buying and Selling at Permian Resources

In other news, Director Aron Marquez sold 7,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $19.62, for a total transaction of $152,055.00. Following the transaction, the director owned 72,218 shares of the company’s stock, valued at approximately $1,416,917.16. The trade was a 9.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William J. Quinn sold 512,429 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $19.59, for a total value of $10,038,484.11. Following the sale, the director owned 6,914,410 shares in the company, valued at $135,453,291.90. The trade was a 6.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 5,340,522 shares of company stock valued at $89,069,383. Corporate insiders own 6.44% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PR. Farther Finance Advisors LLC lifted its holdings in shares of Permian Resources by 114.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock worth $25,000 after acquiring an additional 1,047 shares during the last quarter. SHP Wealth Management bought a new position in Permian Resources during the 4th quarter valued at about $27,000. Los Angeles Capital Management LLC bought a new position in Permian Resources during the 4th quarter valued at about $39,000. State of Wyoming raised its position in Permian Resources by 126.8% in the 4th quarter. State of Wyoming now owns 2,933 shares of the company’s stock worth $41,000 after purchasing an additional 1,640 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Permian Resources by 340.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after purchasing an additional 3,224 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Key Permian Resources News

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

• Positive Sentiment: Mizuho raised its price target on Permian Resources to $25 (from $23) and kept an Outperform rating, citing market dynamics tied to Middle East risk which supports higher upstream valuations. Mizuho Lifts PT
• Positive Sentiment: Truist initiated/updated coverage with a Buy / Strong-Buy stance and set a $24 target, adding another institutional endorsement that implies ~15% upside from current levels. Truist Initiates Coverage
• Positive Sentiment: Goldman Sachs and UBS have both maintained Buy/Strong-Buy views on PR, keeping institutional support intact and signaling confidence in Permian’s cash flow and dividend/return profile highlighted in energy sector coverage. Goldman Sachs Remains a Buy UBS Sticks to Buy
• Positive Sentiment: Short interest fell ~15% in March (to ~19.1M shares), reducing potential downside from short squeezes and signaling less bearish positioning into recent analyst actions. (Data reported 3/13 vs. 2/26)
• Neutral Sentiment: Despite analyst optimism, recent operational results are mixed: Permian beat EPS estimates in its last quarter but reported lower revenue year-over-year and missed top-line consensus — a reminder that cash-flow upside coexists with volume/revenue variability. (Company Q4 results)
• Neutral Sentiment: A recent market note highlighted Permian getting a bullish call even as oil slid on Iran de‑escalation hopes — analysts may be separating company-level fundamentals from short-term oil price moves. Bullish Call Amid Oil Slide
• Negative Sentiment: Near-term oil price weakness tied to geopolitical de‑escalation is a risk for Permian’s commodity-exposed revenues; sustained declines in oil would weigh on earnings and strip some upside implicit in fresh price targets. (Context from recent market moves)

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.