Permian Resources (NYSE:PR) Director Jeffrey Tepper Sells 50,000 Shares

Permian Resources Corporation (NYSE:PR) Director Jeffrey Tepper sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $19.38, for a total value of $969,000.00. Following the transaction, the director owned 150,546 shares in the company, valued at $2,917,581.48. This represents a 24.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Permian Resources Stock Down 0.6%

Permian Resources stock opened at $19.24 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $15.95 billion, a PE ratio of 15.39 and a beta of 0.66. The business has a 50 day simple moving average of $16.60 and a 200-day simple moving average of $14.62. Permian Resources Corporation has a 12 month low of $10.01 and a 12 month high of $19.64.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue was down 9.8% on a year-over-year basis. On average, analysts anticipate that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 3.3%. Permian Resources’s payout ratio is 48.00%.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Piper Sandler raised its price target to $27 (from $24), widening upside expectations and reinforcing bullish analyst momentum around Permian’s valuation and dividend profile. Piper Sandler Lifts PT on Permian Resources
• Positive Sentiment: Wells Fargo upgraded PR to “overweight” and lifted its target from $17 to $21, signaling additional analyst confidence and implying further upside versus current levels. Wells Fargo Price Target Raise (Benzinga)
• Positive Sentiment: Recent writeups assessing Permian’s valuation point to analyst upgrades and a dividend increase as key catalysts supporting the stock’s rerating — these stories help explain buying interest from income-focused investors. Assessing Permian Resources Valuation
• Neutral Sentiment: Broad energy sector commentary (e.g., Goldman Sachs / top energy picks) and geopolitical oil upside after recent U.S.–Iran developments provide a macro tailwind for E&P names, which can indirectly lift Permian, though these pieces don’t single out PR as a primary beneficiary. Goldman Sachs Top Energy Picks
• Neutral Sentiment: Comparative analyses and finance‑site coverage (e.g., head‑to‑head pieces) increase visibility but typically have limited immediate price impact unless accompanied by fresh earnings or guidance. Head-to-Head Analysis
• Negative Sentiment: A director, Jeffrey Tepper, sold 50,000 shares at roughly $19.38 (about $969k), reducing his stake nearly 25% — an SEC‑filed Form 4. Insider selling can create short‑term downward pressure and may concern some investors about timing of liquidity needs. Insider Sale SEC Filing

Institutional Investors Weigh In On Permian Resources

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its stake in shares of Permian Resources by 80.0% in the fourth quarter. Corient Private Wealth LLC now owns 80,764 shares of the company’s stock worth $1,133,000 after buying an additional 35,905 shares in the last quarter. SHP Wealth Management purchased a new stake in Permian Resources during the 4th quarter valued at about $27,000. Fearnley Asset Management AS acquired a new stake in Permian Resources in the 4th quarter valued at about $7,175,000. Virtu Financial LLC acquired a new stake in Permian Resources in the 4th quarter valued at about $389,000. Finally, Dean Capital Management lifted its stake in Permian Resources by 3.2% in the 4th quarter. Dean Capital Management now owns 139,966 shares of the company’s stock worth $1,964,000 after purchasing an additional 4,320 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PR has been the subject of a number of research reports. Weiss Ratings raised shares of Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Zacks Research raised shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group lifted their price objective on Permian Resources from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Piper Sandler boosted their price objective on Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, UBS Group increased their target price on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.75.

About Permian Resources

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.