Permian Resources (NYSE:PR) Sets New 52-Week High After Analyst Upgrade

Permian Resources Corporation (NYSE:PR)’s share price hit a new 52-week high during trading on Monday after Citigroup raised their price target on the stock from $21.00 to $26.00. Citigroup currently has a buy rating on the stock. Permian Resources traded as high as $21.80 and last traded at $21.9490, with a volume of 28005 shares trading hands. The stock had previously closed at $21.65.

Several other equities analysts have also issued reports on PR. The Goldman Sachs Group boosted their price target on Permian Resources from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Piper Sandler raised their price objective on shares of Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Susquehanna lowered their price objective on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research note on Monday, January 26th. Morgan Stanley cut their target price on shares of Permian Resources from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Finally, Weiss Ratings upgraded shares of Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $21.43.

Insider Buying and Selling

In related news, Director William J. Quinn sold 800,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was 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. This represents a 9.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William M. Hickey III sold 898,423 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total value of $16,513,014.74. Following the transaction, the chief executive officer owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. This trade represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 5,340,522 shares of company stock valued at $89,069,383. 12.80% of the stock is currently owned by company insiders.

Permian Resources News Summary

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Citigroup raised its price target from $21 to $26 and initiated/maintained a Buy rating, implying material upside vs. current levels — this is a clear analyst catalyst that can support further gains. Benzinga
• Positive Sentiment: Permian secured investment‑grade credit ratings, which improves financing flexibility and lowers borrowing costs — a fundamental positive that markets rewarded (the article links this to a recent double‑digit pop). Yahoo – Why PR Is Up 8.7%
• Positive Sentiment: Multiple Zacks pieces flagged PR as a strong momentum name and highlighted rising earnings estimate revisions and Zacks Rank #1 additions — these quantitative signals often attract short‑term flows and momentum investors. Zacks – Momentum Stock
• Positive Sentiment: “Bull of the Day” coverage highlighted the name for energy‑sector strength — additional media attention can amplify buying interest from retail and thematic funds. Yahoo – Bull of the Day
• Neutral Sentiment: CNN’s market page lists PR among stocks in focus — useful for visibility but not a direct catalyst. CNN Markets – PR
• Negative Sentiment: Recent quarterly results showed an EPS beat but a revenue shortfall (revenue below consensus and down year‑over‑year), which limits the bullish case if top‑line weakness persists — worth watching in upcoming prints. (See recent company results and consensus revisions.)

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Permian Resources by 69.2% in the 1st quarter. AQR Capital Management LLC now owns 149,696 shares of the company’s stock worth $2,060,000 after purchasing an additional 61,230 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Permian Resources by 18.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,452,127 shares of the company’s stock worth $75,512,000 after buying an additional 852,347 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Permian Resources by 7.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,209,457 shares of the company’s stock worth $16,751,000 after purchasing an additional 87,105 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Permian Resources by 221.6% in the 2nd quarter. Prudential Financial Inc. now owns 201,004 shares of the company’s stock worth $2,938,000 after buying an additional 138,507 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Permian Resources in the 2nd quarter worth about $266,000. 91.84% of the stock is owned by institutional investors.

Permian Resources Stock Performance

The company has a market cap of $17.82 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 3.05 and a beta of 0.66. The company’s 50-day moving average is $18.02 and its two-hundred day moving average is $15.12. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The business had revenue of $1.17 billion for 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 company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Equities analysts predict that Permian Resources Corporation will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.16 dividend. This is a boost from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. Permian Resources’s payout ratio is presently 51.20%.

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.