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Permian Resources

14.55 USD
-0.46
3.06%
Updated Feb 12, 12:12 PM EST
1 day
-3.06%
5 days
-1.56%
1 month
-5.46%
3 months
-4.21%
6 months
-2.74%
Year to date
-2.09%
1 year
4.08%
5 years
423.38%
10 years
45.50%
 

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 6,831 funds
0
Analysts bullish %
of 3 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

94% more call options, than puts

Call options by funds: $78.8M | Put options by funds: $40.7M

86% more repeat investments, than reductions

Existing positions increased: 231 | Existing positions reduced: 124

35% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 65

4% more funds holding

Funds holding: 482 [Q2] → 500 (+18) [Q3]

13% less capital invested

Capital invested by funds: $10.5B [Q2] → $9.12B (-$1.38B) [Q3]

16.28% less ownership

Funds ownership: 111.73% [Q2] → 95.46% (-16.28%) [Q3]

18% less funds holding in top 10

Funds holding in top 10: 22 [Q2] → 18 (-4) [Q3]

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$19
31%
upside
Avg. target
$21
44%
upside
High target
$23
58%
upside

3 analyst ratings

positive
100%
neutral
0%
negative
0%
Piper Sandler
Mark Lear
44% 1-year accuracy
78 / 176 met price target
44%upside
$21
Overweight
Maintained
29 Jan 2025
Truist Securities
Neal Dingmann
35% 1-year accuracy
55 / 156 met price target
58%upside
$23
Buy
Maintained
13 Jan 2025
Morgan Stanley
Devin McDermott
31% 1-year accuracy
8 / 26 met price target
31%upside
$19
Overweight
Initiated
10 Jan 2025

Financial journalist opinion

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

Neutral
Zacks Investment Research
5 days ago
The Zacks Analyst Blog Permian Resources, Antero Midstream, TC Energy and Antero Resources
Permian Resources, Antero Midstream, TC Energy and Antero Resources are included in this Analyst Blog.
The Zacks Analyst Blog Permian Resources, Antero Midstream, TC Energy and Antero Resources
Positive
Seeking Alpha
5 days ago
Buy The Dip: Big Dividends Getting Way Too Cheap
My strategy involves buying high-quality, high-yield stocks at discounts, holding until they re-appreciate, and then selling to reinvest in undervalued stocks. I share some of the most attractive, high-quality big dividend stocks available right now. I detail why they are good buys.
Buy The Dip: Big Dividends Getting Way Too Cheap
Positive
Zacks Investment Research
6 days ago
3 Energy Stocks Positioned to Surpass Earnings Estimates in Q4
Energy stocks like PR, AM and TRP have the potential to deliver better-than-expected earnings results in Q4.
3 Energy Stocks Positioned to Surpass Earnings Estimates in Q4
Positive
Seeking Alpha
1 week ago
Permian Resources: Don't Forget Waha Leverage
Permian Resources dealt with low price realizations in 2024 due to negative Waha prices. The company's free cash flow could see a significant boost with even modest increases in natural gas prices, leveraging its current low cost operations. New pipeline projects in 2025 and 2026, like the Matterhorn Express and Blackcomb Pipeline, should alleviate capacity issues and improve price realizations.
Permian Resources: Don't Forget Waha Leverage
Positive
Seeking Alpha
1 week ago
Permian Resources: Strong Capital Efficiency Leads To Positive Production Guidance Revisions
Permian Resources is now expected to deliver 2024 oil production, around 8% above its original guidance midpoint. Acquisitions boosted Permian's 2024 oil production by 1% to 2%. Most of the outperformance is due to improved capital efficiency and strong well results. Permian now expects to turn-in-line 270 gross wells in 2024 compared to original expectations for 250 gross wells. Permian's capex budget range is unchanged.
Permian Resources: Strong Capital Efficiency Leads To Positive Production Guidance Revisions
Positive
Zacks Investment Research
2 weeks ago
Why Permian Resources (PR) is Poised to 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) is Poised to Beat Earnings Estimates Again
Neutral
Business Wire
2 weeks ago
Permian Resources Announces Fourth Quarter and Full Year 2024 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Fourth Quarter and Full Year 2024 Earnings Conference Call.
Permian Resources Announces Fourth Quarter and Full Year 2024 Earnings Conference Call
Neutral
Seeking Alpha
3 weeks ago
Permian Resources: It's All In The Name
Permian Resources: It's All In The Name
Permian Resources: It's All In The Name
Neutral
Business Wire
4 weeks ago
Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031.
Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031
Positive
Seeking Alpha
1 month ago
Big Dividends And Buybacks: The More It Drops, The More I Buy
While the market is at all-time highs, some sectors are actually in correction territory. I share one that has pulled back by ~10% in recent weeks, yet contains several opportunities with extremely strong fundamentals, attractive yields, big buybacks, and sound balance sheets. I share one of my top picks.
Big Dividends And Buybacks: The More It Drops, The More I Buy
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