Permian Resources Corporation (NYSE:PR – Get Free Report) EVP Guy Oliphint sold 128,837 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $13.76, for a total value of $1,772,797.12. Following the completion of the sale, the executive vice president owned 789,587 shares in the company, valued at $10,864,717.12. This trade represents a 14.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Permian Resources Price Performance
Shares of NYSE PR opened at $14.06 on Friday. The firm has a market capitalization of $11.66 billion, a P/E ratio of 12.89 and a beta of 0.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $13.96 and its two-hundred day simple moving average is $13.61. Permian Resources Corporation has a twelve month low of $10.01 and a twelve month high of $16.03.
Permian Resources (NYSE:PR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Permian Resources had a net margin of 15.65% and a return on equity of 11.03%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Permian Resources Corporation will post 1.45 EPS for the current fiscal year.
Permian Resources Dividend Announcement
Analyst Ratings Changes
A number of research firms recently commented on PR. Morgan Stanley reissued an “overweight” rating on shares of Permian Resources in a research note on Thursday, November 20th. Mizuho upped their price objective on Permian Resources from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. UBS Group raised their price objective on Permian Resources from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Permian Resources in a research report on Monday, December 29th. Finally, Piper Sandler reduced their price target on shares of Permian Resources from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.07.
Check Out Our Latest Report on Permian Resources
Permian Resources News Roundup
Here are the key news stories impacting Permian Resources this week:
- Positive Sentiment: Company completed a previously announced corporate reorganization, exchanging Class C for Class A shares to better align management and public holders — a governance step that can reduce structural overhang. Permian Resources Completes Corporate Reorganization
- Positive Sentiment: Wall Street coverage remains constructive with multiple buy/overweight ratings and mid-to-high‑teens/low‑$20s price targets — supportive if commodity prices and execution stay favorable. Quiver Quant PR analyst & market summary
- Positive Sentiment: Permian pays a meaningful dividend (recent quarterly $0.15; ~4.3–4.4% yield) that can attract income-oriented holders and provide floor support to the share price. MarketBeat Permian Resources profile
- Neutral Sentiment: Social and message‑board chatter highlights operational strength in the Permian Basin and speculation about M&A or partnerships — interesting for sentiment but not a confirmed near‑term catalyst. Quiver Quant market dynamics
- Negative Sentiment: Multiple senior executives executed large sales in early January (CEOs William Hickey III and James Walter each sold multi‑hundred‑thousand‑share blocks across Jan. 5–6), creating a notable insider liquidity event that can pressure sentiment. SEC Form 4 (Hickey)
- Negative Sentiment: EVPs and other officers (Guy Oliphint, John Charles Bell, Robert Regan Shannon, etc.) also sold significant stakes (individual sales in the ~$1M–$4M range), adding to the volume and signaling broad insider distribution. InsiderTrades: Oliphint sale alert
- Negative Sentiment: Data aggregators note a pattern of insider selling (about a dozen reported insider sales and few/zero purchases over recent months), which investors typically interpret as a negative signal until explained as pre‑arranged/planned transactions. Quiver Quant insider trading summary
Hedge Funds Weigh In On Permian Resources
A number of large investors have recently bought and sold shares of PR. Farther Finance Advisors LLC boosted its stake in shares of Permian Resources by 114.1% during the third quarter. Farther Finance Advisors LLC now owns 1,965 shares of the company’s stock valued at $25,000 after purchasing an additional 1,047 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Permian Resources by 154.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,292 shares of the company’s stock valued at $31,000 after buying an additional 1,391 shares during the period. FNY Investment Advisers LLC bought a new stake in Permian Resources in the 2nd quarter worth $36,000. Parkside Financial Bank & Trust grew its holdings in Permian Resources by 90.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,852 shares of the company’s stock worth $39,000 after acquiring an additional 1,357 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Permian Resources by 204.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,825 shares of the company’s stock valued at $52,000 after acquiring an additional 2,568 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.
About Permian Resources
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.
Recommended Stories
- Five stocks we like better than Permian Resources
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- A U.S. “birthright” claim worth trillions – activated quietly
- Ticker Revealed: Pre-IPO Access to “Next Elon Musk” Company
- First Time Since 2007: All Warnings Active
- How the Rich Retire
Receive News & Ratings for Permian Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Resources and related companies with MarketBeat.com's FREE daily email newsletter.
