Permian Resources Corporation (PR)

NYSE: PR · Real-Time Price · USD
16.00
+0.17 (1.07%)
Jan 17, 2025, 4:00 PM EST - Market closed
1.07%
Market Cap 12.85B
Revenue (ttm) 4.83B
Net Income (ttm) 1.02B
Shares Out 803.36M
EPS (ttm) 1.65
PE Ratio 9.69
Forward PE 10.33
Dividend $0.35 (2.19%)
Ex-Dividend Date Nov 14, 2024
Volume 6,590,066
Open 15.81
Previous Close 15.83
Day's Range 15.78 - 16.03
52-Week Range 12.59 - 18.28
Beta 4.32
Analysts Strong Buy
Price Target 19.06 (+19.13%)
Earnings Date Feb 25, 2025

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]

Sector Energy
IPO Date Feb 24, 2016
Employees 461
Stock Exchange NYSE
Ticker Symbol PR
Full Company Profile

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 Statements

Analyst Forecast

According to 17 analysts, the average rating for PR stock is "Strong Buy." The 12-month stock price forecast is $19.06, which is an increase of 19.13% from the latest price.

Price Target
$19.06
(19.13% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Permian Resources: It's All In The Name

Permian Resources: It's All In The Name

3 days ago - Seeking Alpha

Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031

MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031.

5 days ago - Business Wire

Big Dividends And Buybacks: The More It Drops, The More I Buy

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13 days ago - Seeking Alpha

Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss

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17 days ago - Seeking Alpha

My New Year's Resolution For 2025: Invest $10,000 In These 6 Stocks

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21 days ago - Seeking Alpha

Oil Be Back! My Top Energy Picks For 2025 And Beyond

The shale boom is fading, but I see massive potential in energy's next phase. I'm focusing on strategic picks positioned for long-term growth. My favorite energy investments are built to thrive in shi...

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21 days ago - Seeking Alpha

Permian Resources: A Compelling Investment, But No Need To Rush

Permian Resources offers a compelling 4.3% dividend yield with a conservative payout ratio, making it a potentially attractive income investment, despite its BB+ credit rating from Fitch. PR (formerly...

24 days ago - Seeking Alpha

Buying A Dollar For 60 Cents - 3 Dividend Stocks You'll Love

The S&P 500 has seen impressive 26.5% YTD growth, but investors must be cautious of market momentum and rising asset flows into popular stocks. Despite strong market liquidity, I believe stock picking...

Other symbols: CPPINE
24 days ago - Seeking Alpha

Permian Resources Corp: Undervalued Oil Stock With Great Q3 Results

Permian Resources Corp is a leader in the U.S. oil field, showing strong cash flow, operational excellence, and a focus on shareholder value. Q3 results highlight a revenue boost to $1.215 billion, in...

24 days ago - Seeking Alpha

10 Stocks I'm Buying As REITs Have Never Looked So Good

The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance,...

4 weeks ago - Seeking Alpha

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 ...

Other symbols: DVN
4 weeks ago - Seeking Alpha

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 ...

Other symbols: KNTK
5 weeks ago - Business Wire

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...

Other symbols: KNTK
5 weeks ago - Business Wire

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, ...

2 months ago - Seeking Alpha

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-...

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2 months ago - Seeking Alpha

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...

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2 months ago - Seeking Alpha

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 -...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Seeking Alpha

8 Stocks I'm Buying No Matter How The U.S. Election Goes

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7 Stocks I'm Buying As Recession Fears Fade And Trump Victory Odds Rise

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3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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 ...

3 months ago - Business Wire

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...

3 months ago - Seeking Alpha