Permian Resources (NYSE:PR) Upgraded at KeyCorp

KeyCorp upgraded shares of Permian Resources (NYSE:PR) to a strong-buy rating in a research note published on Monday,Zacks.com reports. KeyCorp also issued estimates for Permian Resources’ Q1 2026 earnings at $0.39 EPS, 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.

Several other research analysts have also recently weighed in on PR. Bank of America reaffirmed a “neutral” rating and set a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research report on Friday, January 16th. Royal Bank Of Canada upped their target price on Permian Resources from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Morgan Stanley decreased 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. Scotiabank upgraded Permian Resources to a “strong-buy” rating in a research note on Friday, March 27th. Finally, Citigroup raised their price target on Permian Resources from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $21.69.

Permian Resources Stock Down 4.0%

PR stock opened at $20.55 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $17.18 billion, a P/E ratio of 16.44, a P/E/G ratio of 3.15 and a beta of 0.56. The business has a 50-day moving average of $18.75 and a 200-day moving average of $15.43. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $21.99.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.Permian Resources’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, sell-side analysts anticipate 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 was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were paid a $0.16 dividend. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, March 17th. Permian Resources’s dividend payout ratio is 51.20%.

Insider Transactions at Permian Resources

In other news, CEO James H. Walter sold 673,425 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at $172,577,263.90. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Quinn sold 800,000 shares of the firm’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 value of $15,320,000.00. Following the completion of the sale, the director directly owned 7,426,839 shares of the company’s stock, valued at approximately $142,223,966.85. The trade was a 9.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,130,066 shares of company stock valued at $58,837,655. 6.44% of the stock is owned by insiders.

Institutional Trading of Permian Resources

A number of hedge funds have recently made changes to their positions in the business. Ruffer LLP bought a new position in shares of Permian Resources during the third quarter worth approximately $2,608,000. Massachusetts Financial Services Co. MA increased its stake in 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. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Permian Resources by 24.7% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 13,263,570 shares of the company’s stock worth $169,774,000 after acquiring an additional 2,628,744 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in 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 period. Finally, SCP Investment LP increased its stake in Permian Resources by 225.0% during the 3rd quarter. SCP Investment LP now owns 93,600 shares of the company’s stock worth $1,198,000 after acquiring an additional 64,800 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Key Permian Resources News

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

Permian Resources Company Profile

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.