Permian ResourcesPR
Market Cap: $9.3B
About: Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.
Employees: 461
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
102% more call options, than puts
Call options by funds: $94.8M | Put options by funds: $47M
89% more repeat investments, than reductions
Existing positions increased: 215 | Existing positions reduced: 114
87% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 55
22% more funds holding in top 10
Funds holding in top 10: 18 [Q1] → 22 (+4) [Q2]
18% more capital invested
Capital invested by funds: $10.1B [Q1] → $11.9B (+$1.84B) [Q2]
11% more funds holding
Funds holding: 430 [Q1] → 478 (+48) [Q2]
4.05% more ownership
Funds ownership: 105.52% [Q1] → 109.58% (+4.05%) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 13%upside $15 | Neutral Maintained | 4 Sept 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 58%upside $21 | Overweight Maintained | 15 Aug 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 51%upside $20 | Outperform Reiterated | 12 Aug 2024 |
Citigroup Paul Diamond 7% 1-year accuracy 1 / 15 met price target | 36%upside $18 | Buy Maintained | 9 Aug 2024 |
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 43%upside $19 | Buy Maintained | 9 Aug 2024 |