Permian Resources (NYSE:PR) Price Target Raised to $22.00 at TD Cowen

Permian Resources (NYSE:PR) had its price objective raised by TD Cowen from $20.00 to $22.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

PR has been the subject of several other research reports. Morgan Stanley reduced their price target on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Benchmark cut shares of Permian Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Mizuho boosted their target price on shares of Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. UBS Group increased their target price on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Susquehanna decreased their target price on Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Permian Resources currently has a consensus rating of “Moderate Buy” and an average price target of $20.85.

Permian Resources Trading Up 1.5%

Shares of PR opened at $19.52 on Tuesday. The business’s 50-day moving average price is $16.72 and its 200 day moving average price is $14.65. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $16.18 billion, a P/E ratio of 15.61 and a beta of 0.66. Permian Resources has a 1-year low of $10.01 and a 1-year high of $19.64.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. Analysts expect that Permian Resources will post 1.45 earnings per share for the current year.

Permian Resources Increases Dividend

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

Insider Buying and Selling

In related news, Director William J. Quinn sold 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Charles Bell sold 158,385 shares of the company’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 transaction of $2,912,700.15. Following the completion of the sale, the executive vice president directly owned 1,567,172 shares of the company’s stock, valued at $28,820,293.08. The trade was a 9.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,815,093 shares of company stock worth $78,776,101 over the last quarter. Insiders own 12.80% of the company’s stock.

Hedge Funds Weigh In On Permian Resources

Several institutional investors and hedge funds have recently made changes to their positions in PR. Ruffer LLP bought a new stake in Permian Resources in the third quarter valued at approximately $2,608,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Permian Resources by 8.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,453,672 shares of the company’s stock worth $236,207,000 after acquiring an additional 1,421,059 shares during the period. American Century Companies Inc. increased its holdings in shares of Permian Resources by 20.3% during the 2nd quarter. American Century Companies Inc. now owns 11,043,274 shares of the company’s stock worth $150,409,000 after acquiring an additional 1,863,632 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Permian Resources by 101.0% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 540,618 shares of the company’s stock worth $6,920,000 after acquiring an additional 271,668 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in Permian Resources by 599.2% during the 2nd quarter. Cresset Asset Management LLC now owns 174,508 shares of the company’s stock valued at $2,377,000 after purchasing an additional 149,548 shares during the last quarter. Institutional investors and hedge funds 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: Permian achieved investment‑grade credit ratings, improving funding flexibility and lowering financing risk — a meaningful credibility boost for an E&P company. Read More.
• Positive Sentiment: TD Cowen raised its price target to $22 and set a “buy” rating, reinforcing upside expectations among institutional investors. Read More.
• Positive Sentiment: Wells Fargo upgraded PR to “overweight” and lifted its target to $21, adding to recent analyst momentum. Read More.
• Positive Sentiment: Barron’s included Permian as one of its underappreciated energy picks to play higher oil — increased media/analyst visibility can attract flows into the stock. Read More.
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (3.3% yield) with an upcoming pay date, which supports interest from income‑focused investors. Read More.
• Neutral Sentiment: Macro/sector tailwinds — Goldman Sachs and other outlets are highlighting energy picks amid geopolitical oil upside; this helps the group but isn’t a company‑specific catalyst. Read More.
• Negative Sentiment: Insider sale: director Jeffrey Tepper sold 50,000 shares (~$969k) and trimmed his holding by ~25%, an SEC‑filed Form 4 that can create short‑term concern among investors sensitive to insider activity. Read More.

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.