Top-Rated StocksTop-RatedTop MarketRank™ StocksTop MarketRank™NYSE:PR Permian Resources (PR) Stock Price, News & Analysis $14.52 +0.12 (+0.83%) (As of 10/11/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends About Permian Resources Stock (NYSE:PR) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Permian Resources alerts:Sign Up Key Stats Today's Range$14.28▼$14.6250-Day Range$12.90▼$15.0952-Week Range$12.34▼$18.28Volume9.77 million shsAverage Volume11.66 million shsMarket Capitalization$11.65 billionP/E Ratio11.62Dividend Yield1.65%Price Target$19.20Consensus RatingModerate Buy Company OverviewPermian 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. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.Read More… It’s over. (Ad)We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.Click here for the ticker >>> Permian Resources Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks99th Percentile Overall ScorePR MarketRank™: Permian Resources scored higher than 99% of companies evaluated by MarketBeat, and ranked 3rd out of 260 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion4.5 / 5Analyst RatingModerate Buy Consensus RatingPermian Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.94, and is based on 13 buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoveragePermian Resources has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Permian Resources' stock forecast and price target. Earnings and Valuation3.8 / 5Proj. Earnings Growth10.07% Earnings GrowthEarnings for Permian Resources are expected to grow by 10.07% in the coming year, from $1.49 to $1.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Permian Resources is 11.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.63.Price to Earnings Ratio vs. SectorThe P/E ratio of Permian Resources is 11.62, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.66.Price to Earnings Growth RatioPermian Resources has a PEG Ratio of 0.85. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioPermian Resources has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Permian Resources' valuation and earnings. Short Interest2.0 / 5Short Interest LevelBearish Percentage of Shares Shorted6.79% of the float of Permian Resources has been sold short.Short Interest Ratio / Days to CoverPermian Resources has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Permian Resources has recently increased by 10.69%, indicating that investor sentiment is decreasing significantly. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldPermian Resources pays a meaningful dividend of 1.61%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthPermian Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Permian Resources is 21.82%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Permian Resources will have a dividend payout ratio of 14.63% next year. This indicates that Permian Resources will be able to sustain or increase its dividend.Read more about Permian Resources' dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted6.79% of the float of Permian Resources has been sold short.Short Interest Ratio / Days to CoverPermian Resources has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Permian Resources has recently increased by 10.69%, indicating that investor sentiment is decreasing significantly. News and Social Media3.3 / 5News Sentiment1.01 News SentimentPermian Resources has a news sentiment score of 1.01. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Permian Resources this week, compared to 6 articles on an average week.Search Interest32 people have searched for PR on MarketBeat in the last 30 days. This is an increase of 129% compared to the previous 30 days.MarketBeat Follows16 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Permian Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $134,327.00 in company stock.Percentage Held by Insiders12.80% of the stock of Permian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions91.84% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Permian Resources' insider trading history. Receive PR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Permian Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address PR Stock News HeadlinesOpportunity Knocks: Buy the Dip on Permian Resources Stock? (PR)Permian Resources shares have fallen in recent months, but the company displays strong fundamentals including cost management and earnings growth.October 2, 2024 | marketbeat.comPermian Resources Corporation (PR): Expanding Horizons in the Delaware BasinOctober 12 at 11:25 AM | msn.comIt’s over.We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used by EVERY single AI company on the planet... AMD, NVIDIA, META... none of these companies could exist without this firm.October 13, 2024 | Behind the Markets (Ad)Permian Resources (NYSE:PR) Stock, Short Interest ReportOctober 4, 2024 | benzinga.comPermian Resources rated new Buy at Goldman as cost leadership drives FCF growthSeptember 30, 2024 | seekingalpha.comBuy Rating for Permian Resources: Capital Efficiency and Cost Leadership in the Permian BasinSeptember 30, 2024 | markets.businessinsider.comPowering the Permian – Matterhorn Express pipeline to stretch from West Texas to HoustonSeptember 26, 2024 | news.yahoo.comPermian Resources Corporation's (NYSE:PR) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?September 25, 2024 | finance.yahoo.comSee More Headlines PR Stock Analysis - Frequently Asked Questions How have PR shares performed this year? Permian Resources' stock was trading at $13.60 at the beginning of 2024. Since then, PR stock has increased by 6.8% and is now trading at $14.52. View the best growth stocks for 2024 here. How were Permian Resources' earnings last quarter? Permian Resources Co. (NYSE:PR) released its earnings results on Tuesday, August, 6th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm's revenue was up 99.9% on a year-over-year basis. Who are Permian Resources' major shareholders? Top institutional investors of Permian Resources include Viking Fund Management LLC (0.11%), Sanders Morris Harris LLC (0.04%), Richard P Slaughter Associates Inc (0.04%) and Oliver Luxxe Assets LLC (0.02%). Insiders that own company stock include William J Quinn, Silver Run Sponsor, Llc, Xi Us Holdings LP Ngp, Encap Partners Gp, Llc, Matthew R Garrison, Brent P Jensen, Robert John Anderson, Jeffrey Tepper, Guy M Oliphint, John Charles Bell, Robert Regan Shannon and William M Hickey III. View institutional ownership trends. How do I buy shares of Permian Resources? Shares of PR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Permian Resources own? Based on aggregate information from My MarketBeat watchlists, some other companies that Permian Resources investors own include NVIDIA (NVDA), Invesco QQQ (QQQ), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Arista Networks (ANET) and CrowdStrike (CRWD). Company Calendar Last Earnings8/06/2024Ex-Dividend for 8/27 Dividend8/19/2024Dividend Payable8/27/2024Today10/13/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryPetroleum And Natural Gas Current SymbolNYSE:PR Previous SymbolNASDAQ:PR CUSIPN/A CIK1658566 WebN/A Phone(432) 695-4222FaxN/AEmployees461Year FoundedN/APrice Target and Rating Average Stock Price Target$19.20 High Stock Price Target$24.00 Low Stock Price Target$15.00 Potential Upside/Downside+32.2%Consensus RatingModerate Buy Rating Score (0-4)2.94 Research Coverage16 Analysts Profitability EPS (Most Recent Fiscal Year)$1.10 Trailing P/E Ratio11.62 Forward P/E Ratio9.74 P/E Growth0.85Net Income$476.31 million Net Margins15.62% Pretax Margin29.19% Return on Equity11.91% Return on Assets7.45% Debt Debt-to-Equity Ratio0.40 Current Ratio0.50 Quick Ratio0.50 Sales & Book Value Annual Sales$4.37 billion Price / Sales2.56 Cash Flow$2.31 per share Price / Cash Flow6.28 Book Value$11.96 per share Price / Book1.21Miscellaneous Outstanding Shares769,950,000Free Float699,812,000Market Cap$11.18 billion OptionableOptionable Beta4.32 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? 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