Permian Resources (NYSE:PR) Announces Earnings Results

Permian Resources (NYSE:PR) posted its quarterly earnings results on Wednesday. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.08, FiscalAI reports. Permian Resources had a return on equity of 15.79% and a net margin of 25.04%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s quarterly revenue was up 48.1% compared to the same quarter last year.

Permian Resources Trading Up 2.1%

NYSE PR traded up $0.46 during trading hours on Friday, hitting $21.80. 7,770,619 shares of the company were exchanged, compared to its average volume of 11,260,838. The stock has a market cap of $18.25 billion, a PE ratio of 11.33 and a beta of 0.62. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $23.39 and a 200 day moving average price of $20.50. Permian Resources has a 52 week low of $12.75 and a 52 week high of $26.07.

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, December 17th. Permian Resources’s payout ratio is presently 33.33%.

Insider Buying and Selling

In other Permian Resources news, EVP John Bell sold 5,492 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total value of $130,435.00. Following the sale, the executive vice president owned 1,561,680 shares in the company, valued at $37,089,900. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Robert Shannon sold 5,104 shares of Permian Resources stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $23.75, for a total transaction of $121,220.00. Following the sale, the executive vice president owned 1,346,698 shares of the company’s stock, valued at $31,984,077.50. The trade was a 0.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 15,699 shares of company stock valued at $372,851 in the last ninety days. 5.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on PR. Stifel Nicolaus assumed coverage on Permian Resources in a research note on Thursday, September 10th. They set a “buy” rating and a $30.00 target price on the stock. Morgan Stanley lifted their price objective on Permian Resources from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. KeyCorp increased their price target on shares of Permian Resources from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Mizuho upgraded Permian Resources to a “strong-buy” rating in a research report on Friday, July 31st. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $34.00 price objective on shares of Permian Resources in a research note on Monday. Five research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $26.61.

Trending Headlines about Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Strong Q3 results: PR reported adjusted earnings of $0.69 per share, above the roughly $0.61 consensus, and revenue of $1.96 billion versus estimates of $1.78 billion. Revenue grew 48.1% year over year. Zacks Q3 earnings report
• Positive Sentiment: Higher production and updated guidance: Third-quarter total production was 457.5 thousand barrels of oil equivalent per day, up 22% from the prior quarter, while oil production rose 5%. The company also updated its 2026 guidance; a separate report highlighted a $300 million free-cash-flow guidance increase. Company results and guidance
• Positive Sentiment: Quarterly dividend declared: The company announced a $0.16-per-share dividend, equivalent to $0.64 annually. Dividend announcement
• Neutral Sentiment: Acquisition adds scale but requires capital: PR acquired Ridge Runner Resources II for $1.2 billion. The deal may expand its asset base, while the purchase price represents a significant investment. Acquisition report
• Negative Sentiment: Wells Fargo trimmed its price target: The firm lowered its target from $28 to $27, although it kept an Overweight rating and its new target still indicates potential upside from the cited share price. Wells Fargo rating update

About Permian Resources

Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company focused on the acquisition, development, and production of hydrocarbons in the Permian Basin. Its operations are concentrated in the Delaware Basin, a prolific oil-producing region spanning southeastern New Mexico and West Texas.

The company’s production portfolio includes crude oil, natural gas, and natural gas liquids. Permian Resources develops its acreage through horizontal drilling and multi-well development programs, with activities that include drilling, completion, production, and infrastructure management.