Key Points
- Director Jeffrey Tepper sold 50,000 shares on March 12 at an average price of $19.38 (about $969,000), cutting his position by roughly 24.9% to 150,546 shares, per an SEC Form 4 filing.
- Q4 results mixed: Permian beat EPS estimates ($0.37 vs. $0.28) but revenue fell 9.8% year‑over‑year and missed consensus, and the company raised its quarterly dividend to $0.16 (a 3.3% yield).
- Analyst momentum: Multiple firms have raised ratings and targets (UBS, Mizuho, Citigroup, Weiss), leaving a MarketBeat consensus of "Moderate Buy" with a $20.75 price target as the stock trades near its 52‑week high.
Permian Resources Corporation (NYSE:PR - Get Free Report) Director Jeffrey Tepper sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $19.38, for a total value of $969,000.00. Following the completion of the sale, the director directly owned 150,546 shares of the company's stock, valued at approximately $2,917,581.48. This represents a 24.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Permian Resources Stock Performance
NYSE PR opened at $19.24 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The stock's fifty day moving average is $16.60 and its two-hundred day moving average is $14.62. The firm has a market capitalization of $15.95 billion, a P/E ratio of 15.39 and a beta of 0.66. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.64.
Permian Resources (NYSE:PR - Get Free Report) last issued its 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. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company earned $0.36 EPS. The company's revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts anticipate that Permian Resources Corporation will post 1.45 earnings per share for the current year.
Permian Resources Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 17th. This is an increase from Permian Resources's previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 3.3%. Permian Resources's dividend payout ratio (DPR) is 48.00%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. Mizuho boosted their target price 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. UBS Group raised their price target on shares of Permian Resources from $19.00 to $23.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Zacks Research raised shares of Permian Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded Permian Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, March 6th. Finally, Citigroup increased their price objective on Permian Resources from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Permian Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.75.
Get Our Latest Stock Analysis on Permian Resources
Trending Headlines about 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
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. SHP Wealth Management purchased a new stake in shares of Permian Resources in the 4th quarter valued at approximately $27,000. Farther Finance Advisors LLC boosted its position in shares of Permian Resources by 114.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company's stock worth $25,000 after purchasing an additional 1,047 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Permian Resources by 154.4% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company's stock valued at $31,000 after purchasing an additional 1,391 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Permian Resources in the 4th quarter valued at approximately $39,000. Finally, State of Wyoming raised its position in Permian Resources by 126.8% in the fourth quarter. State of Wyoming now owns 2,933 shares of the company's stock valued at $41,000 after purchasing an additional 1,640 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.
About Permian Resources
(
Get Free Report)
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.
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