Permian Resources Corporation (PR)

NYSE: PR · IEX Real-Time Price · USD
17.47
-0.14 (-0.80%)
Apr 17, 2024, 3:05 PM EDT - Market open
-0.80%
Market Cap 12.78B
Revenue (ttm) 3.12B
Net Income (ttm) 476.31M
Shares Out 730.91M
EPS (ttm) 1.24
PE Ratio 14.19
Forward PE 10.58
Dividend $0.47 (2.67%)
Ex-Dividend Date Mar 12, 2024
Volume 3,984,191
Open 17.67
Previous Close 17.61
Day's Range 17.37 - 17.84
52-Week Range 8.94 - 18.28
Beta 4.36
Analysts Strong Buy
Price Target 18.71 (+6.95%)
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]

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

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 Statements

Analyst 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 6.95% from the latest price.

Price Target
$18.71
(6.95% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

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 ...

2 days ago - Business Wire

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...

6 weeks ago - Business Wire

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...

6 weeks ago - Business Wire

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,...

6 weeks ago - Business Wire

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...

7 weeks 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...

7 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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...

4 months ago - Market Watch

Best Oil Stocks to Buy for 2024 and Beyond

Higher prices for crude, lower interest rates and industry consolidation bodes well for Wall Street's top oil stocks.

4 months ago - Kiplinger

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,...

4 months ago - Business Wire

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

Other symbols: CVXXOMFANGHESPXDSMVTLE
5 months ago - Market Watch

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...

6 months ago - Business Wire

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 ...

6 months ago - Business Wire

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...

Other symbols: COPFANG
6 months ago - Yahoo Finance

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...

7 months ago - Business Wire

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...

Other symbols: TRMB
7 months ago - CNBC Television

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,...

7 months ago - Business Wire

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...

8 months ago - Business Wire

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...

Other symbols: AANALLYAPLEBXBXMTDEENR
8 months ago - PRNewsWire

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...

8 months ago - Market Watch

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.

8 months ago - Market Watch

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...

8 months ago - Invezz