Permian Resources Corporation (PR) To Go Ex-Dividend on June 16th

Permian Resources Corporation (NYSE:PR) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.16 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 16th.

Permian Resources has a payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Permian Resources to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 31.1%.

Permian Resources Stock Up 1.1%

PR opened at $19.48 on Friday. The company has a fifty day moving average price of $20.32 and a 200-day moving average price of $17.74. The firm has a market capitalization of $16.31 billion, a P/E ratio of 22.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.66 and a quick ratio of 0.66. Permian Resources has a one year low of $11.92 and a one year high of $22.67.

Permian Resources (NYSE:PR) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.41 billion. Permian Resources had a net margin of 12.79% and a return on equity of 10.53%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. Equities research analysts expect that Permian Resources will post 2.01 earnings per share for the current fiscal year.

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.