Permian Resources Corporation (NYSE:PR – Free Report) – Stock analysts at Capital One Financial decreased their Q2 2025 earnings per share (EPS) estimates for shares of Permian Resources in a research note issued on Monday, July 21st. Capital One Financial analyst P. Johnston now anticipates that the company will post earnings per share of $0.26 for the quarter, down from their prior forecast of $0.31. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources’ FY2025 earnings at $1.46 EPS.
A number of other research analysts also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, June 16th. Piper Sandler increased their price target on shares of Permian Resources from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. Raymond James Financial restated a “strong-buy” rating and set a $23.00 price objective (up previously from $20.00) on shares of Permian Resources in a report on Monday, May 19th. Susquehanna boosted their target price on shares of Permian Resources from $19.00 to $20.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, Morgan Stanley reduced their target price on shares of Permian Resources from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $18.47.
Permian Resources Stock Performance
PR stock opened at $13.52 on Tuesday. The firm has a market cap of $10.87 billion, a PE ratio of 8.35 and a beta of 1.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $13.70 and a 200-day moving average of $13.57. Permian Resources has a 12-month low of $10.01 and a 12-month high of $16.33.
Permian Resources (NYSE:PR – Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Permian Resources had a net margin of 22.74% and a return on equity of 11.96%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned $0.25 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year.
Institutional Investors Weigh In On Permian Resources
Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Permian Resources in the fourth quarter valued at approximately $207,000. Envestnet Portfolio Solutions Inc. lifted its stake in Permian Resources by 27.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 19,644 shares of the company’s stock worth $282,000 after purchasing an additional 4,260 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Permian Resources by 80.4% in the 4th quarter. Corient Private Wealth LLC now owns 40,553 shares of the company’s stock valued at $583,000 after purchasing an additional 18,069 shares during the period. Signaturefd LLC grew its position in shares of Permian Resources by 61.2% during the 4th quarter. Signaturefd LLC now owns 7,194 shares of the company’s stock valued at $103,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Permian Resources by 3.8% in the fourth quarter. Xponance Inc. now owns 86,264 shares of the company’s stock worth $1,240,000 after purchasing an additional 3,180 shares during the period. Institutional investors own 91.84% of the company’s stock.
Permian Resources Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.44%. Permian Resources’s dividend payout ratio is 37.04%.
About Permian Resources
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.
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