Q1 Earnings Estimate for PR Issued By Capital One Financial

Permian Resources Co. (NYSE:PR - Free Report) - Research analysts at Capital One Financial decreased their Q1 2025 earnings per share estimates for Permian Resources in a note issued to investors on Wednesday, March 19th. Capital One Financial analyst P. Johnston now expects that the company will earn $0.36 per share for the quarter, down from their previous estimate of $0.39. The consensus estimate for Permian Resources' current full-year earnings is $1.45 per share. Capital One Financial also issued estimates for Permian Resources' Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.41 EPS, FY2025 earnings at $1.55 EPS and FY2026 earnings at $1.50 EPS.

PR has been the topic of a number of other research reports. Piper Sandler reduced their target price on Permian Resources from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Morgan Stanley started coverage on Permian Resources in a report on Friday, January 10th. They issued an "overweight" rating and a $19.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on Permian Resources from $21.00 to $18.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Susquehanna raised shares of Permian Resources from a "neutral" rating to a "positive" rating and boosted their target price for the company from $17.00 to $20.00 in a research note on Wednesday, March 5th. Finally, Truist Financial upped their target price on shares of Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

Remove Ads

Permian Resources Price Performance

Shares of NYSE:PR traded up $0.11 during midday trading on Friday, hitting $14.26. 5,787,855 shares of the stock were exchanged, compared to its average volume of 9,193,798. The stock has a market cap of $11.46 billion, a P/E ratio of 8.64, a PEG ratio of 4.05 and a beta of 4.30. Permian Resources has a twelve month low of $11.84 and a twelve month high of $18.28. The company has a 50 day moving average price of $14.28 and a 200-day moving average price of $14.34. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40.

Institutional Trading of Permian Resources

A number of institutional investors have recently added to or reduced their stakes in PR. Vanguard Group Inc. lifted its stake in shares of Permian Resources by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 65,680,607 shares of the company's stock worth $944,487,000 after purchasing an additional 870,622 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Permian Resources by 60.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,674,171 shares of the company's stock valued at $469,856,000 after buying an additional 12,306,854 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Permian Resources during the 4th quarter worth approximately $431,676,000. State Street Corp boosted its holdings in Permian Resources by 6.1% in the 3rd quarter. State Street Corp now owns 22,027,153 shares of the company's stock worth $299,790,000 after acquiring an additional 1,263,460 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Permian Resources by 1.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,442,921 shares of the company's stock valued at $265,209,000 after acquiring an additional 291,444 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Robert Regan Shannon sold 2,731 shares of Permian Resources stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $14.02, for a total value of $38,288.62. Following the transaction, the chief accounting officer now directly owns 58,668 shares of the company's stock, valued at $822,525.36. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Guy M. Oliphint sold 8,761 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $15.30, for a total transaction of $134,043.30. Following the sale, the chief financial officer now directly owns 134,617 shares of the company's stock, valued at approximately $2,059,640.10. This trade represents a 6.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,446 shares of company stock valued at $269,731 in the last ninety days. Company insiders own 12.80% of the company's stock.

Permian Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.21%. Permian Resources's dividend payout ratio (DPR) is presently 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.