Permian Resources (PR) Stock Price, News & Analysis

Company Overview

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. 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.

Key Stats

• Today's Range: $15.71 to $15.71
• 50-Day Range: $13.06 to $16.21
• 52-Week Range: $12.34 to $18.28
• Volume: 188,187 shs
• Average Volume: 10.00 million shs
• Market Capitalization: $12.62 billion
• P/E Ratio: 9.52
• Dividend Yield: 3.82%
• Price Target: $18.93
• Consensus Rating: Moderate Buy

Permian Resources Stock Analysis - MarketRank™

Permian Resources scored higher than 97% of companies evaluated by MarketBeat, and ranked 19th 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 Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Permian 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 Coverage

Permian Resources has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 4.08%

Earnings Growth

Earnings for Permian Resources are expected to grow by 4.08% in the coming year, from $1.47 to $1.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Permian Resources is 9.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.96.

Price to Earnings Ratio vs. Sector

The P/E ratio of Permian Resources is 9.48, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.58.

Price to Earnings Growth Ratio

Permian Resources has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Permian 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.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.92% of the float of Permian Resources has been sold short.

Short Interest Ratio / Days to Cover

Permian Resources has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Permian Resources has recently decreased by 6.41%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Permian Resources is a leading dividend payer. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Permian Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Permian Resources is 36.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Permian Resources will have a dividend payout ratio of 39.22% next year. This indicates that Permian Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.92% of the float of Permian Resources has been sold short.

Short Interest Ratio / Days to Cover

Permian Resources has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Permian Resources has recently decreased by 6.41%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.04

News Sentiment

Permian Resources has a news sentiment score of 1.04. 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 0.78 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Permian Resources this week, compared to 7 articles on an average week.

Search Interest

Only 21 people have searched for PR on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.

MarketBeat Follows

Only 16 people have added Permian Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -6% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 Insiders

12.80% 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 Institutions

91.84% of the stock of Permian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PR Stock Analysis - Frequently Asked Questions

How have PR shares performed this year?

Permian Resources' stock was trading at $13.60 on January 1st, 2024. Since then, PR shares have increased by 15.0% and is now trading at $15.64.
View the best growth stocks for 2024 here.

How were Permian Resources' earnings last quarter?

Permian Resources Co. (NYSE:PR) posted its quarterly earnings results on Wednesday, November, 6th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.21. The company's revenue was up 60.3% on a year-over-year basis.

Who are Permian Resources' major shareholders?

Top institutional shareholders of Permian Resources include State Street Corp (2.74%), Massachusetts Financial Services Co. MA (2.26%), Geode Capital Management LLC (1.36%) and Jennison Associates LLC (0.95%). 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 Earnings: 11/06/2024
• Ex-Dividend for 11/22 Dividend: 11/14/2024
• Dividend Payable: 11/22/2024
• Today: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/25/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:PR
• Previous Symbol: NASDAQ:PR
• CUSIP: N/A
• CIK: 1658566
• Web: N/A
• Phone: (432) 695-4222
• Fax: N/A
• Employees: 461
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.93
• High Stock Price Target: $24.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +21.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.94
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.65
• Trailing P/E Ratio: 9.48
• Forward P/E Ratio: 10.65
• P/E Growth: 0.97
• Net Income: $476.31 million
• Net Margins: 21.20%
• Pretax Margin: 35.72%
• Return on Equity: 11.15%
• Return on Assets: 6.93%

Debt

• Debt-to-Equity Ratio: 0.40
• Current Ratio: 0.68
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: $3.12 billion
• Price / Sales: 4.03
• Cash Flow: $2.20 per share
• Price / Cash Flow: 7.12
• Book Value: $11.96 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 803,360,000
• Free Float: 700,533,000
• Market Cap: $12.57 billion
• Optionable: Optionable
• Beta: 4.34