Permian Resources (NYSE:PR) Stock Price Expected to Rise, Citigroup Analyst Says

Permian Resources (NYSE:PR) had its price objective boosted by investment analysts at Citigroup from $17.00 to $21.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 10.88% from the stock’s previous close.

A number of other brokerages have also recently commented on PR. Wells Fargo & Company lifted their price objective 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. Bank of America reaffirmed a “neutral” rating and issued a $16.00 price target (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Wall Street Zen raised Permian Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group lifted their target price on Permian Resources from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Permian Resources currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Permian Resources Price Performance

PR traded up $0.10 during trading on Friday, hitting $18.94. 4,268,472 shares of the company traded hands, compared to its average volume of 12,100,606. The company has a market cap of $15.71 billion, a PE ratio of 15.15 and a beta of 0.66. The stock’s 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $14.34. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Permian Resources has a 1 year low of $10.01 and a 1 year high of $19.38.

Permian Resources (NYSE:PR) last issued its earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Permian Resources will post 1.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Robert Regan Shannon sold 5,000 shares of Permian Resources stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.28, for a total transaction of $91,400.00. Following the completion of the sale, the executive vice president directly owned 1,351,802 shares in the company, valued at approximately $24,710,940.56. This trade represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO James H. Walter sold 673,425 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total transaction of $12,377,551.50. Following the sale, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at $172,577,263.90. This represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 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.

Hedge Funds Weigh In On Permian Resources

Hedge funds have recently added to or reduced their stakes in the stock. Ruffer LLP purchased a new position in shares of Permian Resources in the 3rd quarter valued at approximately $2,608,000. Massachusetts Financial Services Co. MA increased its stake in Permian Resources by 8.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,453,672 shares of the company’s stock valued at $236,207,000 after purchasing an additional 1,421,059 shares in the last quarter. American Century Companies Inc. increased its stake in Permian Resources by 20.3% during the 2nd quarter. American Century Companies Inc. now owns 11,043,274 shares of the company’s stock valued at $150,409,000 after purchasing an additional 1,863,632 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Permian Resources by 101.0% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 540,618 shares of the company’s stock worth $6,920,000 after buying an additional 271,668 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its stake in shares of Permian Resources by 599.2% during the second quarter. Cresset Asset Management LLC now owns 174,508 shares of the company’s stock worth $2,377,000 after buying an additional 149,548 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Key Headlines Impacting Permian Resources

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 meaningful upside versus the current price and likely lifting demand from institutional and retail investors. Read More.
• Positive Sentiment: UBS bumped its target to $23 and reiterated a “buy” — another analyst upgrade that supports positive momentum and buy-side interest. Read More.
• Positive Sentiment: Permian raised its quarterly dividend to $0.16 (payable Mar 31; ex-div Mar 17), increasing yield and making the stock more attractive to income-focused investors. Read More.
• Neutral Sentiment: Q4 results showed an EPS beat ($0.37 vs. $0.28 consensus) but revenue missed and was down ~9.8% YoY — a mixed fundamental print that supports valuation but raises questions about near-term top-line momentum. Read More.
• Neutral Sentiment: Analyst coverage roundup (Benzinga) provides context for the recent upgrades and divergences in targets/ratings — useful for gauging consensus changes versus stock moves. Read More.
• Negative Sentiment: Large insider dispositions: CEO and multiple senior executives disclosed multi-million‑dollar stock sales (CEO sold ~898k shares; other executives sold large blocks), a cluster of insider selling that can sap sentiment and signal liquidity needs or diversification. Read More.
• Negative Sentiment: Benchmark downgraded PR from “buy” to “hold,” which adds a near-term negative data point amid otherwise bullish analyst moves and could reduce buy-side urgency. Read More.

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.