Capital One Financial Has Positive Outlook of PR Q1 Earnings

Permian Resources Co. (NYSE:PR) – Research analysts at Capital One Financial upped their Q1 2025 earnings estimates for Permian Resources in a report released on Wednesday, April 16th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.39 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share.

PR has been the subject of several other research reports. Williams Trading set a $19.00 price target on Permian Resources in a research note on Wednesday, March 5th. Truist Financial boosted their price objective on Permian Resources from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Piper Sandler reduced their target price on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price target on shares of Permian Resources from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reduced their price objective on shares of Permian Resources from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Permian Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.73.

Permian Resources Trading Up 4.5 %

Shares of Permian Resources stock opened at $11.52 on Thursday. The firm has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $14.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.68 and a current ratio of 0.68. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $17.84. The company has a market cap of $9.26 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 4.05 and a beta of 3.81.

Hedge Funds Weigh In On Permian Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of PR. Kingsview Wealth Management LLC purchased a new stake in Permian Resources during the 4th quarter worth approximately $632,000. Wright Investors Service Inc. acquired a new position in shares of Permian Resources in the fourth quarter worth $498,000. Charles Schwab Investment Management Inc. increased its position in shares of Permian Resources by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,339,873 shares of the company’s stock worth $62,407,000 after acquiring an additional 176,320 shares during the period. New York State Teachers Retirement System raised its stake in shares of Permian Resources by 36.9% in the fourth quarter. New York State Teachers Retirement System now owns 269,905 shares of the company’s stock valued at $3,881,000 after acquiring an additional 72,726 shares in the last quarter. Finally, Perpetual Ltd acquired a new stake in shares of Permian Resources in the fourth quarter valued at $27,104,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Robert Regan Shannon sold 2,731 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $14.02, for a total transaction of $38,288.62. Following the completion of the transaction, the chief accounting officer now owns 58,668 shares of the company’s stock, valued at approximately $822,525.36. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Guy M. Oliphint sold 4,150 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $13.99, for a total value of $58,058.50. Following the completion of the sale, the chief financial officer now directly owns 130,467 shares in the company, valued at approximately $1,825,233.33. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,685 shares of company stock valued at $135,687 in the last quarter. Insiders own 12.80% of the company’s stock.

Permian Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a yield of 5.21%. Permian Resources’s dividend payout ratio is currently 41.96%.

Permian Resources Company Profile

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.