Permian Resources Corporation (PR)
| Market Cap | 10.93B |
| Revenue (ttm) | 4.83B |
| Net Income (ttm) | 1.02B |
| Shares Out | 803.36M |
| EPS (ttm) | 1.65 |
| PE Ratio | 8.24 |
| Forward PE | 8.98 |
| Dividend | $0.35 (2.57%) |
| Ex-Dividend Date | Nov 14, 2024 |
| Volume | 7,164,672 |
| Open | 13.43 |
| Previous Close | 13.52 |
| Day's Range | 13.36 - 13.77 |
| 52-Week Range | 12.59 - 18.28 |
| Beta | 4.31 |
| Analysts | Strong Buy |
| Price Target | 18.87 (+38.75%) |
| Earnings Date | Nov 6, 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, Permian Resources'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 16 analysts, the average rating for PR stock is "Strong Buy." The 12-month stock price forecast is $18.87, which is an increase of 38.75% from the latest price.
News
Big Dividends And Buybacks: Permian Resources Or Devon Energy?
The recent pullback in energy stocks presents several attractive buying opportunities for dividend investors. I compare two particularly attractive opportunities in DVN and PR. I share which of these ...
Permian Resources Announces Divestiture of Midstream Gathering Systems
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and ...
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation...
Oil, Gas, And Dividends: Why Permian Resources Remains Massively Undervalued
Permian Resources Corporation stands out as a top small-cap energy producer in the Permian Basin with deep reserves, low breakeven costs, and a shareholder-focused strategy. The company's efficiency, ...
High Yield Oil And Gas Ranked By Relative Quality
With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-...
My Portfolio's Biggest Winners And Losers From A Republican Sweep
The election's swift resolution led to a sharp market reaction; S&P 500 rose ~4.5%, but REITs were weighed down by rising Treasury rates. Trump's victory is seen as inflationary, benefiting REIT funda...
Permian Resources Corporation (PR) Q3 2024 Earnings Call Transcript
Permian Resources Corporation (NYSE:PR) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Hays Mabry - VP, IR Will Hickey - Co-CEO James Walter - Co-CEO Guy Oliphint -...
Permian Resources Announces Strong Third Quarter 2024 Results and Increased Full Year Guidance
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its third quarter 2024 financial and operational results and revised 20...
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: A Palatable Energy Play
Permian Resources Corporation has shown strong operational and financial performance despite negative regional natural gas prices, with a secure over four percent dividend yield and recent insider buy...
8 Stocks I'm Buying No Matter How The U.S. Election Goes
The federal government absorbed most of the economic pain of the pandemic, and that shows up in federal debt to GDP. Big Tech companies paradoxically benefit from a higher Fed Funds Rate, because thei...
7 Stocks I'm Buying As Recession Fears Fade And Trump Victory Odds Rise
Assessing the reasons for the recent rise in the 10-year Treasury rate: Soft landing optimism? A potential Fed overshoot? Rising odds of a Trump electoral victory? A series of Rorschach Tests that may...
5 Stocks I'm Buying As I Reexamined My Sphere Of Competence
I emphasize refocusing on my core competency in real estate and diversifying through dividend ETFs, avoiding the overvalued S&P 500. Current S&P 500 valuations are historically high, suggesting poor f...
Permian Resources Announces Third 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 third quarter 2024 financial and operating results ...
8 Dividend Stocks On My Buy List As Inflation Keeps Dropping
Disinflationary trends persist, with CPI showing a steady decline, despite media drama over slightly higher-than-expected figures; energy stocks remain attractive for long-term investors. Realty Incom...
Opportunity Knocks: Buy the Dip on Permian Resources Stock?
The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen lea...
Permian Resources: The Cheapest Oil Stock You've Never Heard Of
Permian Resources stands out with deep reserves, efficient production, and a strong balance sheet, making it a hidden gem in the oil and gas sector. The company has top-tier Permian exposure with 450K...
Permian Resources: Growth That Also Increases Profitability
Permian Resources Corporation's recent acquisitions enhance profitability. Management's “Grassroots Acquisitions” strategy secures discounted small acreage, enabling more profitable, longer wells by c...
Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Closing of Bolt-On Acquisition of Core Delaware Basin Assets.
$4M Bet On This Energy Stock? Check Out These 3 Stocks Executives Are Buying
Although U.S. stocks closed higher on Thursday, there were a few notable insider trades.
Permian Resources Announces Significant Increase to its Base Dividend
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE:PR) today announced an update to its return of capital strategy, which increases its quarter...
Permian Resources: The Building Process Continues
Permian Resources has experienced rapid growth through accretive acquisitions. Management has found acquisitions that can be significantly improved post-acquisition. The latest proposed acquisition (f...
Permian Resources Corporation (PR) Q2 2024 Earnings Call Transcript
Permian Resources Corporation (NYSE:PR) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Hays Mabry - VP, IR William Hickey - Co-CEO James Walter - Co-CEO Guy Oliphint...
Permian Resources Announces Strong Second Quarter 2024 Results and Increased Full Year Guidance
MIDLAND, Texas--(BUSINESS WIRE)--PR Announces Strong 2Q24 Results & FY Guidance.