What is Scotiabank’s Estimate for PR FY2026 Earnings?

Permian Resources Corporation (NYSE:PR) – Scotiabank raised their FY2026 earnings per share (EPS) estimates for Permian Resources in a research note issued to investors on Thursday, March 5th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $0.90 for the year, up from their prior forecast of $0.80. The consensus estimate for Permian Resources’ current full-year earnings is $1.45 per share.

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, beating 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 analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis.

Several other equities research analysts also recently commented on PR. Citigroup upped their price objective on shares of Permian Resources from $17.00 to $21.00 and gave the company a “buy” rating in a report on Friday. Mizuho lifted their target price 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. Wells Fargo & Company upped their price target on shares of Permian Resources from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group raised their price objective on shares of Permian Resources from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Bank of America reiterated a “neutral” rating and issued a $16.00 price objective (down from $17.00) on shares of Permian Resources in a research note on Friday, January 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Permian Resources Trading Up 1.7%

Shares of PR opened at $19.17 on Monday. The business has a 50-day moving average of $16.10 and a 200 day moving average of $14.44. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $19.44. The firm has a market cap of $15.89 billion, a P/E ratio of 15.33 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 Increases Dividend

The business 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a boost from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s payout ratio is presently 48.00%.

Insider Buying and Selling at Permian Resources

In other news, CEO James H. Walter sold 673,425 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total value of $12,377,551.50. Following the completion of the transaction, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. This trade represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Regan Shannon sold 106,405 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total transaction of $1,450,300.15. Following the transaction, the executive vice president directly owned 360,667 shares of the company’s stock, valued at approximately $4,915,891.21. This represents a 22.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,965,093 shares of company stock worth $62,487,101. 12.80% of the stock is owned by corporate insiders.

Institutional Trading of Permian Resources

Institutional investors and hedge funds have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Permian Resources by 4.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after purchasing an additional 607 shares in the last quarter. Waterloo Capital L.P. raised its position in shares of Permian Resources by 3.1% in the fourth quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after buying an additional 657 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Permian Resources by 5.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock valued at $192,000 after buying an additional 706 shares during the period. Curated Wealth Partners LLC boosted its stake in Permian Resources by 1.1% during the fourth quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock valued at $991,000 after buying an additional 747 shares during the period. Finally, Chilton Capital Management LLC grew its position in Permian Resources by 3.5% during the third quarter. Chilton Capital Management LLC now owns 23,668 shares of the company’s stock worth $303,000 after buying an additional 800 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.