Permian Resources Corporation (NYSE:PR) Receives $21.07 Average Target Price from Analysts

Permian Resources Corporation (NYSE:PR) has earned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and four have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.4286.

PR has been the topic of a number of recent analyst reports. Bank of America reissued a “neutral” rating and issued a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research report on Friday, January 16th. UBS Group upped their target price on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Citigroup increased their price target on Permian Resources from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler raised their price target on Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th.

Permian Resources Stock Down 0.8%

NYSE PR opened at $21.31 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. Permian Resources has a 52 week low of $10.01 and a 52 week high of $21.99. The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 3.05 and a beta of 0.66. The company has a fifty day moving average of $18.02 and a two-hundred day moving average of $15.12.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Permian Resources had a net margin of 18.46% and a return on equity of 10.83%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, analysts predict that Permian Resources will post 1.45 earnings per share for the current year.

Permian Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.16 per share. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th. Permian Resources’s payout ratio is presently 51.20%.

Key Stories Impacting Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Citigroup raised its price target from $21 to $26 and initiated/maintained a Buy rating, implying material upside vs. current levels — this is a clear analyst catalyst that can support further gains. Benzinga
• Positive Sentiment: Permian secured investment‑grade credit ratings, which improves financing flexibility and lowers borrowing costs — a fundamental positive that markets rewarded (the article links this to a recent double‑digit pop). Yahoo – Why PR Is Up 8.7%
• Positive Sentiment: Multiple Zacks pieces flagged PR as a strong momentum name and highlighted rising earnings estimate revisions and Zacks Rank #1 additions — these quantitative signals often attract short‑term flows and momentum investors. Zacks – Momentum Stock
• Positive Sentiment: “Bull of the Day” coverage highlighted the name for energy‑sector strength — additional media attention can amplify buying interest from retail and thematic funds. Yahoo – Bull of the Day
• Neutral Sentiment: CNN’s market page lists PR among stocks in focus — useful for visibility but not a direct catalyst. CNN Markets – PR
• Negative Sentiment: Recent quarterly results showed an EPS beat but a revenue shortfall (revenue below consensus and down year‑over‑year), which limits the bullish case if top‑line weakness persists — worth watching in upcoming prints. (See recent company results and consensus revisions.)

Insider Transactions at Permian Resources

In related news, CEO James H. Walter sold 673,425 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total value of $12,377,551.50. Following the transaction, the chief executive officer owned 9,389,405 shares of the company’s stock, valued at $172,577,263.90. This trade represents a 6.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William J. Quinn sold 800,000 shares of Permian Resources stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $19.15, for a total transaction of $15,320,000.00. Following the sale, the director owned 7,426,839 shares of the company’s stock, valued at $142,223,966.85. The trade was a 9.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 5,340,522 shares of company stock valued at $89,069,383. Company insiders own 12.80% of the company’s stock.

Institutional Trading of Permian Resources

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new position in Permian Resources in the fourth quarter worth approximately $774,000. Rockefeller Capital Management L.P. raised its position in Permian Resources by 6.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,063 shares of the company’s stock valued at $338,000 after purchasing an additional 1,498 shares in the last quarter. Corient Private Wealth LLC raised its position in Permian Resources by 80.0% during the 4th quarter. Corient Private Wealth LLC now owns 80,764 shares of the company’s stock valued at $1,133,000 after purchasing an additional 35,905 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Permian Resources in the 4th quarter worth $27,000. Finally, Fearnley Asset Management AS purchased a new stake in shares of Permian Resources in the 4th quarter worth $7,175,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Permian Resources Company Profile

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.