KeyCorp Estimates Permian Resources’ Q1 Earnings (NYSE:PR)

Permian Resources Corporation (NYSE:PR) – Research analysts at KeyCorp issued their Q1 2026 earnings per share (EPS) estimates for shares of Permian Resources in a research note issued on Monday, April 6th. KeyCorp analyst T. Rezvan forecasts that the company will earn $0.39 per share for the quarter. KeyCorp currently has a “Strong-Buy” rating on the stock. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share. KeyCorp also issued estimates for Permian Resources’ Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.63 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.18 EPS, Q1 2027 earnings at $0.61 EPS, Q2 2027 earnings at $0.56 EPS, Q3 2027 earnings at $0.54 EPS, Q4 2027 earnings at $0.56 EPS and FY2027 earnings at $2.28 EPS.

Permian Resources (NYSE:PR) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.36 EPS. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year.

Other analysts have also issued reports about the company. Truist Financial initiated coverage on Permian Resources in a research note on Tuesday, March 24th. They set a “buy” rating and a $24.00 price objective on the stock. Citigroup boosted their price objective on Permian Resources from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. TD Cowen boosted their price objective on Permian Resources from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a research note on Thursday, February 26th. Finally, Weiss Ratings upgraded Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Five research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $21.69.

Permian Resources Stock Performance

NYSE:PR opened at $20.55 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Permian Resources has a 52-week low of $10.01 and a 52-week high of $21.99. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 3.15 and a beta of 0.56. The business’s fifty day moving average is $18.75 and its 200 day moving average is $15.43.

Permian Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $0.16 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio is currently 51.20%.

Insiders Place Their Bets

In other Permian Resources news, Director William J. Quinn sold 800,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $19.15, for a total value of $15,320,000.00. Following the transaction, the director directly owned 7,426,839 shares in the company, valued at $142,223,966.85. This represents a 9.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James H. Walter sold 673,425 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $12,377,551.50. Following the completion of the transaction, the chief executive officer owned 9,389,405 shares in the company, valued at $172,577,263.90. This represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,130,066 shares of company stock worth $58,837,655. 6.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Permian Resources

Several institutional investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Permian Resources by 4.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after purchasing an additional 607 shares during the last quarter. Waterloo Capital L.P. increased its position in shares of Permian Resources by 3.1% during the 4th quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock valued at $305,000 after purchasing an additional 657 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of Permian Resources by 5.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock valued at $192,000 after purchasing an additional 706 shares during the last quarter. Curated Wealth Partners LLC increased its position in shares of Permian Resources by 1.1% during the 4th quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock valued at $991,000 after purchasing an additional 747 shares during the last quarter. Finally, Chilton Capital Management LLC increased its position in shares of Permian Resources by 3.5% during the 3rd quarter. Chilton Capital Management LLC now owns 23,668 shares of the company’s stock valued at $303,000 after purchasing an additional 800 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting Permian Resources

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

• Positive Sentiment: KeyCorp began coverage with an “Overweight” / Outperform stance and a $25 price target (announced 4/7). That target implies material upside versus recent levels and appears to have spurred follow‑through coverage/upgrades. KeyCorp Overweight Coverage
• Positive Sentiment: KeyBanc initiated coverage with an “Overweight” (Overweight/Outperform) view citing a “higher‑for‑longer” outlook on WTI crude — a tailwind for Permian E&Ps. KeyBanc Initiates Coverage
• Positive Sentiment: KeyCorp (separate note) upgraded to “Strong‑Buy” and published refreshed quarterly and FY2026/FY2027 EPS forecasts (e.g., FY2026 $2.18; FY2027 $2.28), signaling expectations for accelerating earnings that support higher valuations. KeyCorp Strong‑Buy & Estimates
• Neutral Sentiment: Roth MKM reaffirmed a “Neutral” rating but raised its price target to $22 from $20 — a modest lift to fair‑value expectations but not a full upgrade. Roth MKM Reaffirms Neutral

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.