Permian Resources (NYSE:PR) Coverage Initiated at Truist Financial

Investment analysts at Truist Financial initiated coverage on shares of Permian Resources (NYSE:PR) in a report released on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $24.00 price target on the stock. Truist Financial’s target price indicates a potential upside of 14.88% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank Of Canada boosted their price target on Permian Resources from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 price objective on shares of Permian Resources in a report on Thursday, February 26th. Bank of America reaffirmed a “neutral” rating and set a $16.00 target price (down from $17.00) on shares of Permian Resources in a report on Friday, January 16th. Piper Sandler increased their target price on shares of Permian Resources from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings raised shares of Permian Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.07.

Permian Resources Trading Up 1.0%

PR stock opened at $20.89 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.31. Permian Resources has a 12-month low of $10.01 and a 12-month high of $20.92. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 3.72 and a beta of 0.66. The business’s 50-day moving average is $17.45 and its 200 day moving average is $14.90.

Permian Resources (NYSE:PR) last announced its earnings results on Wednesday, February 25th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Permian Resources had a return on equity of 10.83% and a net margin of 18.46%.The business’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 earnings per share. On average, sell-side analysts anticipate that Permian Resources will post 1.45 EPS for the current fiscal year.

Insider Activity

In related news, CEO James H. Walter sold 673,425 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total value of $12,377,551.50. Following the transaction, the chief executive officer directly owned 9,389,405 shares in the company, valued at approximately $172,577,263.90. This represents a 6.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aron Marquez sold 7,750 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $19.62, for a total value of $152,055.00. Following the completion of the transaction, the director owned 72,218 shares of the company’s stock, valued at $1,416,917.16. The trade was a 9.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 5,340,522 shares of company stock worth $89,069,383. 6.44% of the stock is owned by company insiders.

Institutional Trading of Permian Resources

A number of hedge funds and other institutional investors have recently modified their holdings of PR. Hsbc Holdings PLC purchased a new stake in Permian Resources in the 4th quarter valued at about $774,000. Rockefeller Capital Management L.P. lifted its position in Permian Resources by 6.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 24,063 shares of the company’s stock valued at $338,000 after buying an additional 1,498 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Permian Resources by 80.0% during the fourth quarter. Corient Private Wealth LLC now owns 80,764 shares of the company’s stock worth $1,133,000 after buying an additional 35,905 shares during the period. SHP Wealth Management acquired a new stake in shares of Permian Resources during the fourth quarter valued at about $27,000. Finally, Fearnley Asset Management AS acquired a new stake in shares of Permian Resources during the fourth quarter valued at about $7,175,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Permian Resources

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

• Positive Sentiment: Mizuho raised its price target on Permian Resources to $25 (from $23) and kept an Outperform rating, citing market dynamics tied to Middle East risk which supports higher upstream valuations. Mizuho Lifts PT
• Positive Sentiment: Truist initiated/updated coverage with a Buy / Strong-Buy stance and set a $24 target, adding another institutional endorsement that implies ~15% upside from current levels. Truist Initiates Coverage
• Positive Sentiment: Goldman Sachs and UBS have both maintained Buy/Strong-Buy views on PR, keeping institutional support intact and signaling confidence in Permian’s cash flow and dividend/return profile highlighted in energy sector coverage. Goldman Sachs Remains a Buy UBS Sticks to Buy
• Positive Sentiment: Short interest fell ~15% in March (to ~19.1M shares), reducing potential downside from short squeezes and signaling less bearish positioning into recent analyst actions. (Data reported 3/13 vs. 2/26)
• Neutral Sentiment: Despite analyst optimism, recent operational results are mixed: Permian beat EPS estimates in its last quarter but reported lower revenue year-over-year and missed top-line consensus — a reminder that cash-flow upside coexists with volume/revenue variability. (Company Q4 results)
• Neutral Sentiment: A recent market note highlighted Permian getting a bullish call even as oil slid on Iran de‑escalation hopes — analysts may be separating company-level fundamentals from short-term oil price moves. Bullish Call Amid Oil Slide
• Negative Sentiment: Near-term oil price weakness tied to geopolitical de‑escalation is a risk for Permian’s commodity-exposed revenues; sustained declines in oil would weigh on earnings and strip some upside implicit in fresh price targets. (Context from recent market moves)

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.