Capital One Financial Has Optimistic View of PR Q1 Earnings

Permian Resources Co. (NYSE:PR - Free Report) - Capital One Financial upped their Q1 2025 earnings per share (EPS) estimates for shares of Permian Resources in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now forecasts that the company will earn $0.39 per share for the quarter, up from their prior forecast of $0.32. The consensus estimate for Permian Resources' current full-year earnings is $1.47 per share. Capital One Financial also issued estimates for Permian Resources' Q2 2025 earnings at $0.42 EPS and Q3 2025 earnings at $0.43 EPS.

A number of other research firms also recently commented on PR. Wells Fargo & Company decreased their price objective on shares of Permian Resources from $22.00 to $21.00 and set an "overweight" rating on the stock in a report on Tuesday, October 1st. Piper Sandler cut their target price on shares of Permian Resources from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Permian Resources in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their target price on Permian Resources from $20.00 to $17.00 and set an "overweight" rating on the stock in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group initiated coverage on Permian Resources in a report on Monday, September 30th. They issued a "buy" rating and a $19.00 price target for the company. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.88.

Permian Resources Price Performance

NYSE:PR traded up $0.16 during trading hours on Friday, hitting $15.15. The company's stock had a trading volume of 10,361,794 shares, compared to its average volume of 8,355,299. The company has a market capitalization of $12.17 billion, a PE ratio of 9.18, a PEG ratio of 0.88 and a beta of 4.32. Permian Resources has a 52-week low of $12.59 and a 52-week high of $18.28. The business's 50-day moving average is $14.76 and its two-hundred day moving average is $14.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.68 and a current ratio of 0.68.

Permian Resources (NYSE:PR - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.21. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Permian Resources had a return on equity of 11.15% and a net margin of 21.20%. The company's revenue was up 60.3% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS.

Institutional Trading of Permian Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in PR. Hexagon Capital Partners LLC increased its stake in Permian Resources by 28,542.9% during the third quarter. Hexagon Capital Partners LLC now owns 2,005 shares of the company's stock valued at $27,000 after purchasing an additional 1,998 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Permian Resources during the fourth quarter worth about $31,000. UMB Bank n.a. lifted its holdings in Permian Resources by 99.2% in the third quarter. UMB Bank n.a. now owns 2,791 shares of the company's stock worth $38,000 after acquiring an additional 1,390 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Permian Resources by 33.4% during the third quarter. Sunbelt Securities Inc. now owns 3,192 shares of the company's stock valued at $43,000 after purchasing an additional 800 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Permian Resources by 399.5% during the 3rd quarter. Blue Trust Inc. now owns 3,287 shares of the company's stock worth $45,000 after purchasing an additional 2,629 shares during the period. Institutional investors own 91.84% of the company's stock.

Insider Transactions at Permian Resources

In other Permian Resources news, CFO Guy M. Oliphint sold 8,761 shares of Permian Resources 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 in the company, valued at $2,059,640.10. The trade was a 6.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.80% of the company's stock.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Permian Resources's previous quarterly dividend of $0.06. Permian Resources's payout ratio is currently 36.36%.

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.