A number of firms have modified their ratings and price targets on shares of Permian Resources (NYSE: PR) recently:
- 9/3/2026 – Permian Resources is now covered by Seaport Research Partners. They set a “buy” rating and a $29.00 price target on the stock.
- 9/2/2026 – Permian Resources is now covered by Seaport Research Partners. They set a “buy” rating and a $29.00 price target on the stock.
- 9/2/2026 – Permian Resources was upgraded by Wells Fargo & Company to “strong-buy”.
- 8/27/2026 – Permian Resources had its “strong-buy” rating reaffirmed by Raymond James Financial, Inc.. They now have a $29.00 price target on the stock.
- 8/19/2026 – Permian Resources had its “overweight” rating reaffirmed by Morgan Stanley.
- 8/13/2026 – Permian Resources was upgraded by Weiss Ratings from “hold (c+)” to “buy (b)”.
- 8/13/2026 – Permian Resources had its price target raised by Wells Fargo & Company from $26.00 to $27.00. They now have an “overweight” rating on the stock.
- 8/10/2026 – Permian Resources had its price target raised by Truist Financial Corporation from $22.00 to $24.00. They now have a “buy” rating on the stock.
- 8/8/2026 – Permian Resources was upgraded by Wall Street Zen from “hold” to “strong-buy”.
- 7/31/2026 – Permian Resources was upgraded by Mizuho to “strong-buy”.
- 7/30/2026 – Permian Resources was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
- 7/17/2026 – Permian Resources had its price target lowered by UBS Group AG from $25.00 to $24.00. They now have a “buy” rating on the stock.
- 7/15/2026 – Permian Resources was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
- 7/15/2026 – Permian Resources had its price target lowered by Citigroup Inc. from $26.00 to $24.00. They now have a “buy” rating on the stock.
- 7/13/2026 – Permian Resources had its price target lowered by Truist Financial Corporation from $25.00 to $22.00. They now have a “buy” rating on the stock.
Permian Resources Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, September 16th. Permian Resources’s dividend payout ratio is presently 42.38%.
Insider Buying and Selling at Permian Resources
In related news, EVP Robert Shannon sold 5,104 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total transaction of $121,220.00. Following the completion of the sale, the executive vice president owned 1,346,698 shares in the company, valued at $31,984,077.50. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP John Bell sold 5,492 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $23.75, for a total transaction of $130,435.00. Following the completion of the transaction, the executive vice president owned 1,561,680 shares in the company, valued at $37,089,900. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,699 shares of company stock worth $372,851 over the last ninety days. Corporate insiders own 5.00% of the company’s stock.
Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company focused on the acquisition, development and production of hydrocarbon resources in the Permian Basin. Its operations are concentrated in the Delaware and Midland basins of West Texas and southeastern New Mexico, where it develops primarily unconventional oil and natural gas properties.
The company’s production includes crude oil, natural gas and natural gas liquids. Permian Resources operates a portfolio of acreage and drilling locations and uses horizontal drilling and hydraulic fracturing technologies to develop its resources.
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