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 6,812 funds
0
Analysts bullish %
of 6 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
26% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 70
4% more funds holding
Funds holding: 482 [Q2] → 500 (+18) [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]
25% less capital invested
Capital invested by funds: $12.1B [Q2] → $9.12B (-$2.99B) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
2%
downside
Avg. target
$18.50
30%
upside
High target
$21
48%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Mark Lear 27% 1-year accuracy 48 / 179 met price target | 41%upside $20 | Overweight Maintained | 17 Dec 2024 |
Truist Securities Neal Dingmann 34% 1-year accuracy 47 / 140 met price target | 41%upside $20 | Buy Maintained | 8 Nov 2024 |
Benchmark Subash Chandra 23% 1-year accuracy 8 / 35 met price target | 2%downside $14 | Buy Maintained | 16 Oct 2024 |
RBC Capital Scott Hanold 35% 1-year accuracy 15 / 43 met price target | 20%upside $17 | Outperform Reiterated | 14 Oct 2024 |
Wells Fargo Hanwen Chang 33% 1-year accuracy 5 / 15 met price target | 48%upside $21 | Overweight Maintained | 1 Oct 2024 |
Financial journalist opinion
Based on 9 articles about PR published over the past 30 days
Positive
Seeking Alpha
3 hours 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
5 hours 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.
Positive
Seeking Alpha
3 days ago
Permian Resources: A Compelling Investment, But No Need To Rush
Permian Resources offers a compelling 4.3% dividend yield with a conservative payout ratio, making it a potentially attractive income investment, despite its BB+ credit rating from Fitch. PR (formerly Centennial Resource Development) has grown significantly through M&A, with a strong reserve life and efficient operations. PR management aims for an investment-grade credit rating next year. The valuation of PR stock is favorable for a number of key metrics, but is within reasonable bounds when considering the company's quality and comparing it with peers.
Positive
Seeking Alpha
3 days ago
Buying A Dollar For 60 Cents - 3 Dividend Stocks You'll Love
The S&P 500 has seen impressive 26.5% YTD growth, but investors must be cautious of market momentum and rising asset flows into popular stocks. Despite strong market liquidity, I believe stock picking will be key in 2025 as value opportunities emerge beyond the current "Trump trade" winners. I'm bullish on sectors like real estate, energy, and industrials, and have picked three undervalued stocks in these areas, trading 40% below fair value.
Positive
Seeking Alpha
3 days ago
Permian Resources Corp: Undervalued Oil Stock With Great Q3 Results
Permian Resources Corp is a leader in the U.S. oil field, showing strong cash flow, operational excellence, and a focus on shareholder value. Q3 results highlight a revenue boost to $1.215 billion, increased production, and a 150% dividend hike, signaling robust profitability and investor confidence. PR's valuation metrics, including P/E and EV/EBITDA ratios, indicate it is undervalued compared to peers, suggesting significant earnings and growth potential.
Positive
Seeking Alpha
1 week ago
10 Stocks I'm Buying As REITs Have Never Looked So Good
The recent market selloff, driven by the Fed's revised rate-cut forecast, has made high-quality REITs attractively priced for long-term dividend growth investors. Despite poor stock price performance, REITs have strong fundamentals, with favorable earnings yield spreads and dividend yields compared to the broader market. REITs are undervalued due to being treated as bond proxies, but their strong commercial real estate fundamentals and historical outperformance post-Fed rate cuts suggest a buying opportunity.
Positive
Seeking Alpha
1 week ago
Big Dividends And Buybacks: Permian Resources Or Devon Energy?
The recent pullback in energy stocks presents several attractive buying opportunities for dividend investors. I compare two particularly attractive opportunities in DVN and PR. I share which of these two dividend growth and big buyback energy stocks is the better buy right now.
Neutral
Business Wire
2 weeks ago
Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE: PR) (“Permian Resources”) whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the “Assets”) primarily located in Reeves County, Texas for $180 million of cash consideration (the “Transaction”). The Transaction provides a multi-stream opportunity for.
Neutral
Business Wire
2 weeks ago
Permian Resources Announces Divestiture of Midstream Gathering Systems
MIDLAND, Texas--(BUSINESS WIRE)--Permian Resources Corporation (NYSE: PR) (“Permian Resources” or the “Company”) today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently p.
Positive
Seeking Alpha
1 month ago
Oil, Gas, And Dividends: Why Permian Resources Remains Massively Undervalued
Permian Resources Corporation stands out as a top small-cap energy producer in the Permian Basin with deep reserves, low breakeven costs, and a shareholder-focused strategy. The company's efficiency, significant natural gas exposure, and potential for data center growth enhance its long-term appeal. PR's valuation is attractive, trading at a deep discount to peers, offering considerable upside for investors comfortable with volatility.
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