Permian Resources
PR

$15.31

0.52%

Market Cap: 9.91B

About: Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.

Employees: 461

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 27 analysts

0

News positive %

of 9 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

223% more call options, than puts

Call options by funds: $145M | Put options by funds: $45M

49% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 57

48% more repeat investments, than reductions

Existing positions increased: 180 | Existing positions reduced: 122

38% more capital invested

Capital invested by funds: $7.23B [Q4 2023] → $10B (+$2.78B) [Q1 2024]

7% more funds holding

Funds holding: 399 [Q4 2023] → 427 (+28) [Q1 2024]

0.51% more ownership

Funds ownership: 104.31% [Q4 2023] → 104.82% (+0.51%) [Q1 2024]

10% less funds holding in top 10

Funds holding in top 10: 20 [Q4 2023] → 18 (-2) [Q1 2024]

See Fund Rankings

Research analyst outlook

27 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$16

5%

upside

Avg. target

$20

32%

upside

High target

$24

57%

upside

27 analyst ratings

25 positive

93%

2 neutral

7%

0 negative

0%

Truist Securities Neal Dingmann	37%upside $21	Buy Maintained	22 Jul 2024
RBC Capital Scott Hanold	31%upside $20	Outperform Reiterated	11 Jul 2024
BMO Capital Phillip Jungwirth	37%upside $21	Outperform Upgraded	3 Jul 2024
UBS Josh Silverstein	37%upside $21	Buy Upgraded	14 Jun 2024
B of A Securities Noah Hungness	31%upside $20	Buy Reinstated	14 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about PR published over the past 30 days

Hot Stocks: Top 3 Analyst Upgrades You Can't Ignore in July

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Hot Stocks: Top 3 Analyst Upgrades You Can't Ignore in July

3 Energy Stocks to Buy on the Dip: July 2024

Investors have had a healthy dose of skepticism about energy stocks over the past year. A sluggish recovery in China has muddled the demand picture.

3 Energy Stocks to Buy on the Dip: July 2024

Zacks Investment Research

Why Permian Resources (PR) Could Beat Earnings Estimates Again

Permian Resources (PR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Permian Resources (PR) Could Beat Earnings Estimates Again

Permian Resources Announces Second Quarter 2024 Earnings Conference Call

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report second quarter 2024 financial and operating results after the market closes for trading on Tuesday, August 6, 2024. Management will host an earnings conference call on Wednesday, August 7, 2024, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 267-6316 (Conference ID: PRCQ224) at.

Permian Resources Announces Second Quarter 2024 Earnings Conference Call

7 High-Growth Energy Stocks Ready to Explode

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7 High-Growth Energy Stocks Ready to Explode

3 Rock-Solid Stocks for Worry-Free Retirement Investing

Investing for retirement, especially choosing what stocks to invest in for the long term, can be daunting. This may cause some investors to procrastinate, creating and building a retirement portfolio based on the unknown regarding overall profitability and whether they made the right choice in stocks to invest.

3 Rock-Solid Stocks for Worry-Free Retirement Investing

This Oil And Gas Company Has 'Top-Tier Cost Structure, Strong Operational Performance': Analyst

Shares of Permian Resources Corp PR were climbing in early trading on Wednesday.

This Oil And Gas Company Has 'Top-Tier Cost Structure, Strong Operational Performance': Analyst

Permian Resources: Increased Synergies From Earthstone Integration

Permian increased its 2024 production guidance by 2%. It has been seeing strong well results as well as reduced downtime from Earthstone's assets. The integration of Earthstone has gone well, and it now expects another $50 million per year in synergies above its original $175 million target.

Permian Resources: Increased Synergies From Earthstone Integration

3 High-Yield Stocks to Buy Now for Explosive Returns

Investors always search for stocks offering explosive returns. A higher price-to-earnings (P/E) ratio typically helps identify opportunities with higher future growth.

3 High-Yield Stocks to Buy Now for Explosive Returns

Permian Resources Extends Registration Rights Agreement with its Private Equity Stockholders and Announces Further Reduction in its Sponsor Ownership

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that funds affiliated with EnCap Investments L.P., Pearl Energy Investments and Riverstone Investment Group LLC (collectively, the “Private Equity Stockholders”) have amended and extended the existing registration rights agreement between them, the Company and other parties thereto, to provide for continued partnership with Permian Resources as its Private Equity Stoc.

Permian Resources Extends Registration Rights Agreement with its Private Equity Stockholders and Announces Further Reduction in its Sponsor Ownership

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