Permian Resources
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 Q3 regulatory filings by fund managers ($100M+ AUM)
92% more call options, than puts
Call options by funds: $78.1M | Put options by funds: $40.7M
86% more repeat investments, than reductions
Existing positions increased: 229 | Existing positions reduced: 123
21% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 72
3% more funds holding
Funds holding: 480 [Q2] → 495 (+15) [Q3]
16.49% less ownership
Funds ownership: 111.34% [Q2] → 94.84% (-16.49%) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 18 (-4) [Q3]
25% less capital invested
Capital invested by funds: $12.1B [Q2] → $9.06B (-$3.01B) [Q3]
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Piper Sandler Mark Lear 53% 1-year accuracy 26 / 49 met price target | 39%upside $21 | Overweight Maintained | 18 Nov 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 63 / 122 met price target | 32%upside $20 | Buy Maintained | 8 Nov 2024 |
Benchmark Subash Chandra 57% 1-year accuracy 20 / 35 met price target | 8%downside $14 | Buy Maintained | 16 Oct 2024 |
Piper Sandler Mark Lear 53% 1-year accuracy 26 / 49 met price target | 32%upside $20 | Overweight Maintained | 15 Oct 2024 |
RBC Capital Scott Hanold 56% 1-year accuracy 22 / 39 met price target | 12%upside $17 | Outperform Reiterated | 14 Oct 2024 |
Financial journalist opinion
Based on 10 articles about PR published over the past 30 days
