Q2 EPS Estimates for Permian Resources Decreased by KeyCorp

Permian Resources Corporation (NYSE:PR) – Equities research analysts at KeyCorp dropped their Q2 2026 earnings estimates for Permian Resources in a research report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their prior estimate of $0.57. KeyCorp currently has a “Strong-Buy” rating on the stock. The consensus estimate for Permian Resources’ current full-year earnings is $2.01 per share. KeyCorp also issued estimates for Permian Resources’ Q3 2026 earnings at $0.68 EPS, Q4 2026 earnings at $0.62 EPS, Q2 2027 earnings at $0.60 EPS, Q3 2027 earnings at $0.59 EPS and FY2027 earnings at $2.46 EPS.

A number of other equities analysts also recently commented on the company. Weiss Ratings downgraded Permian Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Benchmark cut Permian Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of Permian Resources in a report on Friday, March 27th. UBS Group lifted their target price on Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada boosted their price target on Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Permian Resources presently has an average rating of “Moderate Buy” and an average target price of $22.69.

Permian Resources Price Performance

PR opened at $19.18 on Monday. The company has a market capitalization of $16.06 billion, a P/E ratio of 22.30 and a beta of 0.48. The company has a 50-day moving average of $20.50 and a 200-day moving average of $17.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 0.66. Permian Resources has a 1-year low of $11.92 and a 1-year high of $22.67.

Permian Resources (NYSE:PR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.41 billion. Permian Resources had a net margin of 12.79% and a return on equity of 10.53%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS.

Institutional Investors Weigh In On Permian Resources

Large investors have recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Permian Resources by 4.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock valued at $224,000 after buying an additional 607 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Permian Resources by 21.3% during the first quarter. Bessemer Group Inc. now owns 3,537 shares of the company’s stock worth $76,000 after acquiring an additional 621 shares during the last quarter. Waterloo Capital L.P. increased its holdings in shares of Permian Resources by 3.1% in the 4th quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after acquiring an additional 657 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Permian Resources by 5.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 13,668 shares of the company’s stock worth $192,000 after acquiring an additional 706 shares during the period. Finally, Curated Wealth Partners LLC lifted its position in Permian Resources by 1.1% in the 4th quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock valued at $991,000 after purchasing an additional 747 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jeffrey Tepper sold 50,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $19.38, for a total transaction of $969,000.00. Following the sale, the director directly owned 150,546 shares in the company, valued at approximately $2,917,581.48. This represents a 24.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Guy M. Oliphint sold 62,769 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.44, for a total value of $1,282,998.36. Following the completion of the sale, the executive vice president directly owned 542,503 shares in the company, valued at approximately $11,088,761.32. This trade represents a 10.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,438,198 shares of company stock valued at $27,865,280. 5.00% of the stock is currently owned by insiders.

Permian Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. Permian Resources’s dividend payout ratio (DPR) is currently 74.42%.

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.