Permian Resources Corporation (PR)
Market Cap | 12.56B |
Revenue (ttm) | 3.12B |
Net Income (ttm) | 476.31M |
Shares Out | 730.91M |
EPS (ttm) | 1.24 |
PE Ratio | 13.85 |
Forward PE | 10.33 |
Dividend | $0.47 (2.72%) |
Ex-Dividend Date | Mar 12, 2024 |
Volume | 7,153,965 |
Open | 17.61 |
Previous Close | 17.54 |
Day's Range | 17.10 - 17.67 |
52-Week Range | 8.94 - 18.28 |
Beta | 4.36 |
Analysts | Strong Buy |
Price Target | 18.71 (+8.91%) |
Earnings Date | May 7, 2024 |
About PR
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation w... [Read more]
Financial Performance
In 2023, PR's revenue was $3.12 billion, an increase of 46.43% compared to the previous year's $2.13 billion. Earnings were $476.31 million, a decrease of -7.52%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for PR stock is "Strong Buy." The 12-month stock price forecast is $18.71, which is an increase of 8.91% from the latest price.
News
Permian Resources Announces First Quarter 2024 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report first quarter 2024 financial and operating results ...
Permian Resources Announces Full Redemption of 6.875% Senior Notes Due 2027
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of P...
Permian Resources Corporation Announces Pricing of Secondary Public Offering of Class A Common Stock
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the pricing of an underwritten public offering of an aggregate 48,500,0...
Permian Resources Corporation Announces Secondary Public Offering of Class A Common Stock
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced the commencement of an underwritten public offering of an aggregate 48,...
Permian Resources Announces Strong Fourth Quarter 2023 Results and Provides Highly Capital Efficient Full Year 2024 Plan
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its fourth quarter and full year 2023 financial and operational results...
Permian Resources Declares Quarterly Cash Dividend
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that its Board of Directors (the “Board”) declared a quarterly base cas...
Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report fourth quarter and full year 2023 financial and ope...
Permian Resources Announces Portfolio Optimization Transactions
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced a series of recent portfolio optimization transactions consisting of tw...
Permian Resources stock falls after public stock offering by shareholders
Shares of Permian Resources Corp. PR, +0.90% shed 1.4% in premarket trading Tuesday, after the Texas-based oil and gas company announced a public offering of 39.4 million shares by selling stockholder...
Permian Resources Announces Pricing of $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources,...
Permian Resources Announces $500.0 Million Private Placement of Additional 7.000% Senior Notes Due 2032
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a s...
Permian Resources Announces Third Quarter 2023 Results
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its third quarter 2023 financial and operational results. Recent Financ...
Five potential takeover targets in the oil industry, following deals by Exxon Mobil and Chevron
This could be a good time for investors to pour money into stocks of companies involved in the production of oil and natural gas. And the best reason for that may have nothing to do with military conf...
Permian Resources Completes Acquisition of Earthstone Energy
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced that it has completed its acquisition of Earthstone Energy, Inc. (“Eart...
Permian Resources Announces Third Quarter 2023 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) announced today that it will report third quarter 2023 financial and operating results ...
Energy stocks: Analyst shares top picks amid volatile oil prices
Oil prices have slumped back below $90 per barrel following the news that OPEC+ will continue with its production cut plans. Could the Fed's interest rate strategy be an overhanging factor on the ener...
EARTHSTONE ENERGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Earthstone Energy, Inc. - ESTE
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Earthstone Energ...
CNBC's top-ranked financial advisor breaks down its small-cap stock strategy
Mason King, principal at Luther King Capital Management, joins 'The Exchange' to discuss LKCM being named CNBC's top financial advisor of 2023, balancing stock picking research while keeping fees down...
Permian Resources Announces Pricing of $500.0 Million Private Placement of 7.000% Senior Notes Due 2032
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that Permian Resources Operating, LLC (the “Issuer”), a subsidiary of Permian Resources,...
Permian Resources Announces $500.0 Million Private Placement of Senior Notes Due 2032
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources”) (NYSE: PR) announced today that, subject to market conditions, Permian Resources Operating, LLC (the “Issuer”), a s...
Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
NEW YORK , Sept. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the o...
Permian Resources price target raised to $16 by Benchmark
Benchmark Research raised its Permian Resources Corp. PR, +2.25% price target to $16 from $14 Tuesday following the oil and natural gas company's deal to acquire Earthstone Energy Inc. ESTE, +16.70% i...
Permian Resources building scale with $4.5 billion Earthstone Energy deal, analysts say
Permian Resources Corp.'s planned $4.5 billion acquisition of Earthstone Energy Inc. will bring scale to the Midland, Texas-based oil and natural-gas company, analysts say.
Earthstone Energy shares jump 15% on Permian Resources deal
Earthstone Energy Inc (NYSE: ESTE) popped up more than 15% up on Monday after Permian Resources Corp (NYSE: PR) revealed plans of buying the oil and gas company for $4.5 billion. Why is Permian Resour...