Permian Resources (NYSE:PR) Price Target Raised to $22.00

Permian Resources (NYSE:PR) had its price target lifted by TD Cowen from $20.00 to $22.00 in a report published on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other brokerages also recently commented on PR. Citigroup upped their price objective on Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Bank of America reissued a “neutral” rating and set a $16.00 target price (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Weiss Ratings upgraded shares of Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 6th. Mizuho raised their price target on shares of Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Permian Resources has a consensus rating of “Moderate Buy” and an average target price of $20.85.

Permian Resources Stock Performance

Permian Resources stock opened at $19.96 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 firm has a market capitalization of $16.55 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 3.93 and a beta of 0.66. Permian Resources has a 1-year low of $10.01 and a 1-year high of $20.17. The company’s 50-day moving average is $16.96 and its 200 day moving average is $14.73.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, February 25th. The company reported $0.37 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 analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Research analysts forecast that Permian Resources will post 1.45 EPS for the current year.

Permian Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio (DPR) is currently 51.20%.

Insider Buying and Selling at Permian Resources

In related news, CEO William M. Hickey III sold 898,423 shares of Permian Resources stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $16,513,014.74. Following the completion of the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at $172,577,263.90. The trade was a 8.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John Charles Bell sold 158,385 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.39, for a total transaction of $2,912,700.15. Following the completion of the sale, the executive vice president directly owned 1,567,172 shares of the company’s stock, valued at approximately $28,820,293.08. This trade represents a 9.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,340,522 shares of company stock worth $89,069,383. Insiders own 6.44% of the company’s stock.

Institutional Investors Weigh In On Permian Resources

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in shares of Permian Resources by 114.1% during the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock valued at $25,000 after purchasing an additional 1,047 shares in the last quarter. SHP Wealth Management purchased a new position in Permian Resources during the fourth quarter valued at approximately $27,000. Los Angeles Capital Management LLC bought a new position in Permian Resources in the fourth quarter worth approximately $39,000. State of Wyoming raised its stake in Permian Resources by 126.8% in the fourth quarter. State of Wyoming now owns 2,933 shares of the company’s stock worth $41,000 after buying an additional 1,640 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Permian Resources by 340.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after buying an additional 3,224 shares during the period. Institutional investors own 91.84% of the company’s stock.

Key Permian Resources News

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

• Positive Sentiment: TD Cowen published a bullish forecast calling for strong price appreciation in PR, which likely helped lift sentiment and buying interest among investors. TD Cowen Forecasts Strong Price Appreciation for Permian Resources (NYSE:PR) Stock
• Neutral Sentiment: Analyst commentary collected by The Globe and Mail provided additional industry context and views on Permian Resources alongside peers; useful for framing expectations but not a clear directional catalyst. Analysts Offer Insights on Energy Companies: Birchcliff Energy and Permian Resources
• Neutral Sentiment: Zacks published a “hold”-oriented note that highlights Permian’s operational efficiency, dividend growth and momentum but flags single-basin concentration, elevated non-drilling costs and commodity-price sensitivity — a balanced view that supports cautious positioning. Here’s Why Hold Strategy is Apt for Permian Resources Stock Now
• Negative Sentiment: Director William J. Quinn sold 512,429 shares at about $19.59 on March 18th (≈$10.04M), reducing his stake by ~6.9% — a sizeable insider sale that can concern investors about near-term insider conviction. Form 4 / Ownership Filing – Quinn
• Negative Sentiment: Director Aron Marquez sold 7,750 shares on March 18 at an average ~$19.62 (≈$152k), and sold 5,250 shares on March 17 at ~$19.57 (≈$103k), trimming his holdings — additional insider selling that increases selling pressure narrative. Form 4 – Marquez

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.