Permian Resources (PR) Projected to Post Earnings on Wednesday

Permian Resources (NYSE:PR) is expected to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.44 per share and revenue of $1.37 billion for the quarter.

Permian Resources Stock Performance

Shares of PR opened at $12.18 on Wednesday. Permian Resources has a 52 week low of $10.01 and a 52 week high of $17.62. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40. The stock has a market cap of $9.79 billion, a P/E ratio of 7.38, a P/E/G ratio of 4.05 and a beta of 3.81. The business’s 50 day moving average price is $12.70 and its 200-day moving average price is $14.00.

Permian Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.93%. The ex-dividend date was Monday, March 17th. Permian Resources’s dividend payout ratio (DPR) is 41.96%.

Wall Street Analysts Forecast Growth

PR has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on Permian Resources from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Williams Trading set a $19.00 price objective on Permian Resources in a report on Wednesday, March 5th. Morgan Stanley lowered their target price on shares of Permian Resources from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Citigroup cut shares of Permian Resources from a “buy” rating to a “reduce” rating in a report on Wednesday, March 5th. Finally, Truist Financial lifted their target price on shares of Permian Resources from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Permian Resources currently has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Insider Activity at Permian Resources

In other Permian Resources news, CFO Guy M. Oliphint sold 4,150 shares of Permian Resources stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Robert Regan Shannon sold 2,731 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $14.02, for a total transaction of $38,288.62. Following the completion of the sale, the chief accounting officer now owns 58,668 shares in the company, valued at approximately $822,525.36. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,685 shares of company stock valued at $135,687. 12.80% of the stock is owned by company insiders.

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.