Permian Resources (NYSE:PR) Posts Earnings Results, Beats Expectations By $0.01 EPS

Permian Resources (NYSE:PR) posted its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01, FiscalAI reports. Permian Resources had a net margin of 12.79% and a return on equity of 10.56%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $0.44 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis.

Permian Resources Stock Down 1.9%

NYSE:PR traded down $0.38 during trading hours on Friday, hitting $19.71. The company’s stock had a trading volume of 14,459,506 shares, compared to its average volume of 13,203,259. The stock has a market capitalization of $16.48 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.52. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $20.12 and a 200-day moving average of $16.49. Permian Resources has a 52-week low of $11.92 and a 52-week high of $22.67.

Permian Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 16th. Permian Resources’s payout ratio is 51.20%.

Insiders Place Their Bets

In related news, CEO James H. Walter sold 673,425 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $18.38, for a total value of $12,377,551.50. Following the completion of the sale, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at $172,577,263.90. The trade was a 6.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William M. Hickey III sold 898,423 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $16,513,014.74. Following the transaction, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. The trade was a 8.73% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,130,066 shares of company stock worth $58,837,655. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Permian Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Peapack Gladstone Financial Corp acquired a new position in Permian Resources in the 2nd quarter valued at about $191,000. nVerses Capital LLC purchased a new position in Permian Resources in the 4th quarter valued at $172,000. Ritter Alpha LP purchased a new position in Permian Resources during the 3rd quarter worth $168,000. Virtus Investment Advisers LLC purchased a new stake in shares of Permian Resources in the fourth quarter valued at about $162,000. Finally, CI Investments Inc. raised its holdings in Permian Resources by 46.8% during the fourth quarter. CI Investments Inc. now owns 11,427 shares of the company’s stock worth $160,000 after purchasing an additional 3,643 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Permian Resources

Here are the key news stories impacting Permian Resources this week:

• Positive Sentiment: Permian Resources beat first-quarter earnings estimates, reporting $0.39 per share versus the $0.38 consensus, which supports the view that profitability remains solid. Permian Resources (PR) Q1 Earnings Surpass Estimates
• Positive Sentiment: BofA raised its price target on Permian Resources to $22, suggesting at least one major analyst sees more upside after the earnings release. BofA Raises its Price Target on Permian Resources (PR) to $22
• Positive Sentiment: The company also announced a quarterly dividend of $0.16 per share, reinforcing shareholder returns and signaling confidence in cash generation.
• Neutral Sentiment: Management outlined 2026 plans calling for about 6% production growth, 5% to 10% more TILs, and a target of $675 per lateral foot, which points to disciplined growth but does not by itself guarantee immediate stock gains. Permian Resources signals 6% 2026 growth and up to 5%-10% more TILs while targeting $675 per lateral foot
• Neutral Sentiment: Recent earnings coverage highlighted that the company’s revenue was slightly below analyst estimates, offsetting some of the positive reaction to the earnings beat. Permian Resources (NYSE:PR) Reports Sales Below Analyst Estimates In Q1 CY2026 Earnings
• Negative Sentiment: Some market commentary suggests traders are watching a key technical level, indicating the shares may be reacting to both earnings details and near-term chart weakness. Stock market today: Nasdaq tops 26,000, then falls; Permian Resources tests key level (live coverage)

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PR shares. UBS Group lifted their price objective on Permian Resources from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. The Goldman Sachs Group raised their target price on Permian Resources from $17.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Wells Fargo & Company lifted their target price on Permian Resources from $21.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. KeyCorp initiated coverage on shares of Permian Resources in a research note on Tuesday, April 7th. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Susquehanna lowered their price objective on shares of Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research note on Monday, January 26th. Four analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Permian Resources presently has a consensus rating of “Buy” and an average target price of $22.38.

Permian Resources Company Profile

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.