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
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
94% more call options, than puts
Call options by funds: $78.8M | Put options by funds: $40.7M
86% more repeat investments, than reductions
Existing positions increased: 231 | Existing positions reduced: 124
35% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 65
4% more funds holding
Funds holding: 482 [Q2] → 500 (+18) [Q3]
13% less capital invested
Capital invested by funds: $10.5B [Q2] → $9.12B (-$1.38B) [Q3]
16.28% less ownership
Funds ownership: 111.73% [Q2] → 95.46% (-16.28%) [Q3]
18% less funds holding in top 10
Funds holding in top 10: 22 [Q2] → 18 (-4) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
29%
upside
Avg. target
$21
43%
upside
High target
$23
56%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Lear 44% 1-year accuracy 78 / 177 met price target | 43%upside $21 | Overweight Maintained | 29 Jan 2025 |
Truist Securities Neal Dingmann 35% 1-year accuracy 55 / 157 met price target | 56%upside $23 | Buy Maintained | 13 Jan 2025 |
Morgan Stanley Devin McDermott 35% 1-year accuracy 9 / 26 met price target | 29%upside $19 | Overweight Initiated | 10 Jan 2025 |
Financial journalist opinion
Based on 7 articles about PR published over the past 30 days
Positive
Seeking Alpha
3 days ago
Permian Resources: Don't Forget Waha Leverage
Permian Resources dealt with low price realizations in 2024 due to negative Waha prices. The company's free cash flow could see a significant boost with even modest increases in natural gas prices, leveraging its current low cost operations. New pipeline projects in 2025 and 2026, like the Matterhorn Express and Blackcomb Pipeline, should alleviate capacity issues and improve price realizations.
Positive
Seeking Alpha
4 days ago
Permian Resources: Strong Capital Efficiency Leads To Positive Production Guidance Revisions
Permian Resources is now expected to deliver 2024 oil production, around 8% above its original guidance midpoint. Acquisitions boosted Permian's 2024 oil production by 1% to 2%. Most of the outperformance is due to improved capital efficiency and strong well results. Permian now expects to turn-in-line 270 gross wells in 2024 compared to original expectations for 250 gross wells. Permian's capex budget range is unchanged.
Positive
Zacks Investment Research
1 week ago
Why Permian Resources (PR) is Poised to Beat Earnings Estimates Again
Permian Resources (PR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
Business Wire
1 week ago
Permian Resources Announces Fourth Quarter and Full Year 2024 Earnings Conference Call
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Fourth Quarter and Full Year 2024 Earnings Conference Call.
Neutral
Seeking Alpha
2 weeks ago
Permian Resources: It's All In The Name
Permian Resources: It's All In The Name
Neutral
Business Wire
3 weeks ago
Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Announces Partial Redemption of 9.875% Senior Notes Due 2031.
Positive
Seeking Alpha
4 weeks ago
Big Dividends And Buybacks: The More It Drops, The More I Buy
While the market is at all-time highs, some sectors are actually in correction territory. I share one that has pulled back by ~10% in recent weeks, yet contains several opportunities with extremely strong fundamentals, attractive yields, big buybacks, and sound balance sheets. I share one of my top picks.
Positive
Seeking Alpha
1 month ago
Beat Inflation Like A Pro: Unstoppable Dividend Picks You Can't Miss
The dollar surged 8% in 2024, fueled by the Fed's policy shifts and potential tariffs under President Trump. As inflation persists, the Fed's uncertain path adds volatility. Professional investors, including hedge fund managers, emphasize inflation protection. Infrastructure assets, particularly in renewable power and data centers, offer strong growth and income potential. Amid rising bond yields, I favor high-yielding stocks, especially in infrastructure and real estate, as these sectors benefit from inflation and offer stability and growth.
Positive
Seeking Alpha
1 month ago
My New Year's Resolution For 2025: Invest $10,000 In These 6 Stocks
I review here the stocks of six quality companies that I am convinced will bring me closer to my ambitious goal of being able to fund my living expenses through dividends. Dividend growth investing is not a get-rich-quick strategy, it requires commitment and a long-term mindset. Making a New Year's resolution is a great way to help maintain that mindset. I discuss two scenarios of hypothetical investors who start their journey in 2025. I detail the significant impact a long-term commitment – even without additional investments – can make.
Positive
Seeking Alpha
1 month ago
Oil Be Back! My Top Energy Picks For 2025 And Beyond
The shale boom is fading, but I see massive potential in energy's next phase. I'm focusing on strategic picks positioned for long-term growth. My favorite energy investments are built to thrive in shifting markets. They balance innovation, strong cash flow, and reliable dividends. Looking ahead to 2025 and beyond, I'm excited about these picks. They represent the future of energy and align perfectly with my investment strategy.
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