Permian Resources (NYSE:PR) Director Jeffrey Tepper Sells 50,000 Shares

Permian Resources Corporation (NYSE:PR) Director Jeffrey Tepper sold 50,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $19.38, for a total value of $969,000.00. Following the completion of the transaction, the director directly owned 150,546 shares of the company’s stock, valued at approximately $2,917,581.48. This trade represents a 24.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Permian Resources Stock Performance

Shares of PR traded down $0.12 during mid-day trading on Monday, hitting $19.24. 11,369,490 shares of the company traded hands, compared to its average volume of 12,627,396. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. Permian Resources Corporation has a 1 year low of $10.01 and a 1 year high of $19.64. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of 15.39 and a beta of 0.66. The stock has a 50-day moving average price of $16.49 and a two-hundred day moving average price of $14.58.

Permian Resources (NYSE:PR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Equities analysts anticipate that Permian Resources Corporation will post 1.45 earnings per share for the current year.

Permian Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a $0.16 dividend. This is a positive change from Permian Resources’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 3.3%. Permian Resources’s dividend payout ratio (DPR) is currently 48.00%.

Key Headlines Impacting Permian Resources

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

• Positive Sentiment: Piper Sandler raised its price target to $27 (from $24), widening upside expectations and reinforcing bullish analyst momentum around Permian’s valuation and dividend profile. Piper Sandler Lifts PT on Permian Resources
• Positive Sentiment: Wells Fargo upgraded PR to “overweight” and lifted its target from $17 to $21, signaling additional analyst confidence and implying further upside versus current levels. Wells Fargo Price Target Raise (Benzinga)
• Positive Sentiment: Recent writeups assessing Permian’s valuation point to analyst upgrades and a dividend increase as key catalysts supporting the stock’s rerating — these stories help explain buying interest from income-focused investors. Assessing Permian Resources Valuation
• Neutral Sentiment: Broad energy sector commentary (e.g., Goldman Sachs / top energy picks) and geopolitical oil upside after recent U.S.–Iran developments provide a macro tailwind for E&P names, which can indirectly lift Permian, though these pieces don’t single out PR as a primary beneficiary. Goldman Sachs Top Energy Picks
• Neutral Sentiment: Comparative analyses and finance‑site coverage (e.g., head‑to‑head pieces) increase visibility but typically have limited immediate price impact unless accompanied by fresh earnings or guidance. Head-to-Head Analysis
• Negative Sentiment: A director, Jeffrey Tepper, sold 50,000 shares at roughly $19.38 (about $969k), reducing his stake nearly 25% — an SEC‑filed Form 4. Insider selling can create short‑term downward pressure and may concern some investors about timing of liquidity needs. Insider Sale SEC Filing

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $21.00 price target on shares of Permian Resources in a report on Thursday, February 26th. Mizuho increased their price objective on shares of Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Zacks Research raised shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Wells Fargo & Company upped their target price on shares of Permian Resources from $17.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group upped their price objective on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Permian Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.75.

Institutional Investors Weigh In On Permian Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its holdings in Permian Resources by 114.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock valued at $25,000 after acquiring an additional 1,047 shares during the period. SHP Wealth Management bought a new stake in shares of Permian Resources during the fourth quarter valued at approximately $27,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Permian Resources by 154.4% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock worth $31,000 after purchasing an additional 1,391 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Permian Resources in the 4th quarter worth $39,000. Finally, State of Wyoming grew its position in shares of Permian Resources by 126.8% during the 4th quarter. State of Wyoming now owns 2,933 shares of the company’s stock worth $41,000 after buying an additional 1,640 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

About Permian Resources

Permian Resources (NYSE: PR) is an independent exploration and production company focused on the acquisition, development and optimization of oil and natural gas assets in the Permian Basin. The company’s operations encompass all phases of upstream activity, including geological and geophysical analysis, drilling, completion and production. By employing horizontal drilling and hydraulic fracturing technologies, Permian Resources aims to efficiently unlock hydrocarbon reserves and deliver consistent production growth.

Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.