PR stock icon

Permian Resources
PR

$15.41
0.58%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 27 analysts
0
News positive %
of 4 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]

Research analyst outlook

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

Low target
$15
3%
downside
Avg. target
$19.70
28%
upside
High target
$24
56%
upside

27 analyst ratings

24 positive
89%
neutral
11%
negative
0%
UBS
Josh Silverstein
36%upside
$21
Buy
Upgraded
14 Jun 2024
B of A Securities
Noah Hungness
30%upside
$20
Buy
Reinstated
14 Jun 2024
Mizuho
Nitin Kumar
43%upside
$22
Buy
Maintained
13 May 2024
Mizuho
Nitin Kumar
36%upside
$21
Buy
Maintained
8 May 2024
Benchmark
Subash Chandra
10%upside
$17
Buy
Reiterated
23 Apr 2024

Financial journalist opinion

Based on 4 articles about PR published over the past 30 days