Permian Resources (PR) to Release Quarterly 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 Permian Resources to post earnings of $0.44 per share and revenue of $1.37 billion for the quarter.

Permian Resources Stock Down 2.9 %

PR stock opened at $11.85 on Tuesday. The company has a market cap of $9.52 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 4.05 and a beta of 1.20. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.40. Permian Resources has a 52 week low of $10.01 and a 52 week high of $17.62. The business has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $13.95.

Permian Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.06%. The ex-dividend date was Monday, March 17th. Permian Resources’s payout ratio is presently 41.96%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PR. Royal Bank of Canada decreased their price objective on shares of Permian Resources from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Susquehanna decreased their price target on Permian Resources from $20.00 to $19.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Truist Financial upped their price objective on Permian Resources from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Bank of America decreased their target price on Permian Resources from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, Piper Sandler dropped their target price on shares of Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Permian Resources presently has an average rating of “Moderate Buy” and a consensus target price of $18.67.

Insider Activity

In other news, CAO Robert Regan Shannon sold 2,731 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 58,668 shares in the company, valued at $822,525.36. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Guy M. Oliphint sold 4,150 shares of Permian Resources stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $13.99, for a total value of $58,058.50. Following the completion of the transaction, the chief financial officer now directly owns 130,467 shares in the company, valued at approximately $1,825,233.33. This represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,685 shares of company stock valued at $135,687. Insiders own 6.44% of the company’s stock.

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.