Permian Resources (NYSE:PR) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Permian Resources (NYSE:PR) posted its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01, FiscalAI reports. Permian Resources had a return on equity of 10.56% and a net margin of 12.79%.The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue was up .9% compared to the same quarter last year.

Permian Resources Stock Performance

Permian Resources stock traded down $0.38 during mid-day trading on Friday, reaching $19.71. The company’s stock had a trading volume of 14,459,506 shares, compared to its average volume of 13,203,259. The company has a market capitalization of $16.48 billion, a P/E ratio of 22.91, a PEG ratio of 1.20 and a beta of 0.52. The firm’s fifty day moving average price is $20.12 and its two-hundred day moving average price is $16.49. Permian Resources has a 12-month low of $11.92 and a 12-month high of $22.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78.

Permian Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 16th. Permian Resources’s payout ratio is currently 51.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Zacks Research raised shares of Permian Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. TD Cowen lifted their price objective on shares of Permian Resources from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Benchmark cut shares of Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings raised shares of Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Finally, Truist Financial lifted their price objective on shares of Permian Resources from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $22.38.

Key Permian Resources News

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

• Positive Sentiment: Permian Resources beat first-quarter earnings estimates, reporting $0.39 per share versus the $0.38 consensus, which supports the view that profitability remains solid. Permian Resources (PR) Q1 Earnings Surpass Estimates
• Positive Sentiment: BofA raised its price target on Permian Resources to $22, suggesting at least one major analyst sees more upside after the earnings release. BofA Raises its Price Target on Permian Resources (PR) to $22
• Positive Sentiment: The company also announced a quarterly dividend of $0.16 per share, reinforcing shareholder returns and signaling confidence in cash generation.
• Neutral Sentiment: Management outlined 2026 plans calling for about 6% production growth, 5% to 10% more TILs, and a target of $675 per lateral foot, which points to disciplined growth but does not by itself guarantee immediate stock gains. Permian Resources signals 6% 2026 growth and up to 5%-10% more TILs while targeting $675 per lateral foot
• Neutral Sentiment: Recent earnings coverage highlighted that the company’s revenue was slightly below analyst estimates, offsetting some of the positive reaction to the earnings beat. Permian Resources (NYSE:PR) Reports Sales Below Analyst Estimates In Q1 CY2026 Earnings
• Negative Sentiment: Some market commentary suggests traders are watching a key technical level, indicating the shares may be reacting to both earnings details and near-term chart weakness. Stock market today: Nasdaq tops 26,000, then falls; Permian Resources tests key level (live coverage)

Insider Transactions at Permian Resources

In related news, CEO William M. Hickey III sold 898,423 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total transaction of $16,513,014.74. Following the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. The trade was a 8.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Charles Bell sold 158,385 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.39, for a total value of $2,912,700.15. Following the sale, the executive vice president directly owned 1,567,172 shares in the company, valued at $28,820,293.08. This trade represents a 9.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,130,066 shares of company stock valued at $58,837,655. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Permian Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dean Investment Associates LLC grew its holdings in shares of Permian Resources by 0.3% during the fourth quarter. Dean Investment Associates LLC now owns 265,615 shares of the company’s stock valued at $3,727,000 after buying an additional 922 shares during the last quarter. State of Wyoming grew its holdings in Permian Resources by 126.8% during the 4th quarter. State of Wyoming now owns 2,933 shares of the company’s stock valued at $41,000 after purchasing an additional 1,640 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Permian Resources by 68.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,513 shares of the company’s stock valued at $63,000 after purchasing an additional 1,841 shares during the last quarter. Utah Retirement Systems grew its holdings in Permian Resources by 5.9% during the 3rd quarter. Utah Retirement Systems now owns 35,685 shares of the company’s stock valued at $457,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in Permian Resources by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 29,368 shares of the company’s stock valued at $398,000 after purchasing an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

About Permian Resources

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.