Permian Resources (PR) Projected to Post Quarterly Earnings on Tuesday

Permian Resources (NYSE:PR - Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Permian Resources to post earnings of $0.36 per share and revenue of $1.30 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Permian Resources Price Performance

NYSE:PR traded down $0.61 on Friday, hitting $14.03. The company had a trading volume of 9,341,560 shares, compared to its average volume of 7,440,768. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 4.04 and a beta of 4.28. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $14.68 and a two-hundred day moving average of $14.48. Permian Resources has a 52 week low of $12.62 and a 52 week high of $18.28.

Wall Street Analyst Weigh In

PR has been the subject of several recent research reports. Truist Financial upped their price target on shares of Permian Resources from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Morgan Stanley initiated coverage on shares of Permian Resources in a research report on Friday, January 10th. They issued an "overweight" rating and a $19.00 price target for the company. Finally, Piper Sandler upped their price target on shares of Permian Resources from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $19.13.

Insider Transactions at Permian Resources

In other Permian Resources news, CFO Guy M. Oliphint sold 8,761 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $15.30, for a total value of $134,043.30. Following the completion of the sale, the chief financial officer now directly owns 134,617 shares in the company, valued at approximately $2,059,640.10. This trade represents a 6.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 12.80% of the stock is currently owned by corporate insiders.

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.