Analysts’ Recent Ratings Updates for Permian Resources (PR)

Permian Resources (NYSE: PR) recently received a number of ratings updates from brokerages and research firms:

• 3/13/2025 – Permian Resources had its price target lowered by analysts at JPMorgan Chase & Co. from $21.00 to $18.00. They now have an “overweight” rating on the stock.
• 3/6/2025 – Permian Resources had its price target lowered by analysts at Piper Sandler from $21.00 to $20.00. They now have an “overweight” rating on the stock.
• 3/5/2025 – Permian Resources was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “reduce” rating.
• 3/5/2025 – Permian Resources was given a new $19.00 price target on by analysts at Williams Trading.
• 3/5/2025 – Permian Resources was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating. They now have a $20.00 price target on the stock, up previously from $17.00.
• 3/4/2025 – Permian Resources had its price target lowered by analysts at Citigroup Inc. from $18.00 to $17.00. They now have a “buy” rating on the stock.
• 1/29/2025 – Permian Resources had its price target raised by analysts at Piper Sandler from $20.00 to $21.00. They now have an “overweight” rating on the stock.

Permian Resources Trading Up 0.8 %

PR opened at $14.26 on Wednesday. The stock has a market capitalization of $11.46 billion, a P/E ratio of 8.64, a P/E/G ratio of 4.05 and a beta of 4.30. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.40. Permian Resources Co. has a 12 month low of $11.84 and a 12 month high of $18.28. The firm’s fifty day simple moving average is $14.25 and its 200 day simple moving average is $14.35.

Permian Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.21%. Permian Resources’s dividend payout ratio (DPR) is 41.96%.

Insider Activity

In related news, CFO Guy M. Oliphint sold 8,761 shares of Permian Resources stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $15.30, for a total value of $134,043.30. Following the sale, the chief financial officer now owns 134,617 shares of the company’s stock, valued at approximately $2,059,640.10. This trade represents a 6.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Quinn purchased 500,000 shares of Permian Resources stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $13.07 per share, with a total value of $6,535,000.00. Following the transaction, the director now owns 812,429 shares in the company, valued at approximately $10,618,447.03. The trade was a 160.04 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 18,446 shares of company stock worth $269,731 over the last three months. Corporate insiders own 12.80% of the company’s stock.

Institutional Investors Weigh In On Permian Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PR. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Permian Resources by 0.5% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 140,548 shares of the company’s stock valued at $2,021,000 after acquiring an additional 662 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Permian Resources by 0.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 176,600 shares of the company’s stock valued at $2,540,000 after acquiring an additional 700 shares during the period. Sunbelt Securities Inc. lifted its holdings in Permian Resources by 33.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,192 shares of the company’s stock valued at $43,000 after purchasing an additional 800 shares during the last quarter. CIBC Asset Management Inc boosted its position in Permian Resources by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 15,703 shares of the company’s stock worth $226,000 after purchasing an additional 805 shares during the period. Finally, Principal Securities Inc. increased its holdings in shares of Permian Resources by 73.6% in the fourth quarter. Principal Securities Inc. now owns 2,010 shares of the company’s stock valued at $29,000 after purchasing an additional 852 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.