UBS Group Boosts Permian Resources (NYSE:PR) Price Target to $23.00

Permian Resources (NYSE:PR) had its price target raised by research analysts at UBS Group from $19.00 to $23.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 21.82% from the company’s current price.

Several other research firms also recently commented on PR. Bank of America reissued a “neutral” rating and issued a $16.00 target price (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Piper Sandler reduced their price target on Permian Resources from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, November 18th. TD Cowen raised Permian Resources to a “strong-buy” rating in a research report on Monday, February 9th. Wells Fargo & Company upped their price target on shares of Permian Resources from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 27th. Finally, Zacks Research raised shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Permian Resources Price Performance

Shares of NYSE PR opened at $18.88 on Thursday. The company has a 50 day simple moving average of $15.99 and a two-hundred day simple moving average of $14.38. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $19.38. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 15.10 and a beta of 0.66. 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 (NYSE:PR) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The business’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Analysts expect that Permian Resources will post 1.45 EPS for the current fiscal year.

Insider Transactions at Permian Resources

In other news, CEO William M. Hickey III sold 898,423 shares of the company’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 transaction, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at $172,577,263.90. This represents a 8.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Charles Bell sold 158,385 shares of the stock in a transaction on Wednesday, March 4th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,965,093 shares of company stock valued at $62,487,101. Insiders own 6.44% of the company’s stock.

Institutional Trading of Permian Resources

Institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in shares of Permian Resources in the fourth quarter worth approximately $27,000. Fearnley Asset Management AS purchased a new position in shares of Permian Resources during the fourth quarter valued at approximately $7,175,000. Virtu Financial LLC bought a new position in Permian Resources during the fourth quarter valued at approximately $389,000. Dean Capital Management lifted its position in Permian Resources by 3.2% during the fourth quarter. Dean Capital Management now owns 139,966 shares of the company’s stock valued at $1,964,000 after purchasing an additional 4,320 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Permian Resources by 3.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 9,092,438 shares of the company’s stock worth $127,567,000 after purchasing an additional 341,674 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Permian Resources News Roundup

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

• Positive Sentiment: Piper Sandler raised its price target to $24 and moved to an “overweight” rating, implying material upside and likely supporting buying interest. Piper Sandler raises target
• Positive Sentiment: UBS increased its target to $23 and kept a “buy” rating, another buy-side endorsement that can attract institutional flows. UBS raises target
• Positive Sentiment: Citigroup lifted its target to $21 and reiterated a “buy” note, adding to the cluster of upgrades. Citigroup raises target
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (ex‑div Mar 17; payable Mar 31), increasing yield and making the shares more attractive to income-focused investors. MarketBeat — Dividend announcement
• Positive Sentiment: Large institutional purchases reported earlier (BNY Mellon, Vanguard, Millennium et al.) show heavy institutional ownership and recent inflows that can support the stock on positive news. MarketBeat — Institutional holdings
• Neutral Sentiment: Q4 results were mixed — EPS beat ($0.37 vs. $0.28) but revenue missed and was down ~9.8% YoY. The print supports valuation but raises questions on top-line momentum. MarketBeat — Q4 results
• Neutral Sentiment: Analyst coverage roundup (Benzinga) highlights divergent targets/ratings — useful context for trading but not a single directional catalyst. Benzinga analyst roundup
• Negative Sentiment: Clustered insider selling: multiple senior executives disclosed multi‑million‑dollar sales (including large blocks by the CEO and other EVPs). Heavy insider dispositions can sap sentiment and raise questions about timing/intent. InsiderTrades — Insider selling
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which could reduce urgency among some buy‑side managers despite other upgrades. MSN — Benchmark downgrade

Permian Resources Company Profile

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.