Permian Resources Corporation (NYSE:PR) Sees Significant Decrease in Short Interest

Permian Resources Corporation (NYSE:PR) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 27,748,434 shares, a decrease of 15.5% from the January 29th total of 32,821,111 shares. Based on an average daily volume of 13,167,848 shares, the days-to-cover ratio is presently 2.1 days. Currently, 3.8% of the company’s shares are sold short. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 13,167,848 shares, the days-to-cover ratio is presently 2.1 days.

Key Headlines Impacting Permian Resources

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

• Positive Sentiment: Piper Sandler raised its price target to $24 and reiterated an Overweight rating, implying roughly a 27% upside from current levels — a strong bullish signal that likely helped lift the stock. Piper Sandler PT raise
• Positive Sentiment: UBS raised its price target to $23 and set a Buy rating (about a 22% implied upside), adding further analyst backing that supports higher investor demand. UBS PT raise
• Neutral Sentiment: Aggregated analyst commentary roundups (coverage summarized by Benzinga) provide broader context on expectations for Permian Resources but do not add a single directional surprise beyond the PT changes. Analyst roundup
• Negative Sentiment: Multiple insiders disclosed sizable sales this week: William M. Hickey III sold 898,423 shares and James H. Walter sold 673,425 shares (each sale at ~ $18.38), plus several EVP-level sales (large percentage reductions for some VPs). These block sales could pressure sentiment or be interpreted as material insider liquidity. Insider filings (sample)
• Negative Sentiment: Benchmark Co. downgraded PR from Buy to Hold, removing one source of buy-side conviction and tempering enthusiasm from some investors. Benchmark downgrade

Permian Resources Price Performance

Permian Resources stock opened at $18.85 on Friday. The firm has a fifty day moving average of $15.89 and a 200-day moving average of $14.34. Permian Resources has a 52-week low of $10.01 and a 52-week high of $19.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $15.63 billion, a P/E ratio of 15.08 and a beta of 0.66.

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

Permian Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, March 17th. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s dividend payout ratio (DPR) is 51.20%.

Insider Buying and Selling at Permian Resources

In other Permian Resources news, 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 sale, the chief executive officer directly owned 9,389,405 shares of the company’s stock, valued at approximately $172,577,263.90. This trade represents a 8.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Guy M. Oliphint sold 4,999 shares of Permian Resources stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $18.28, for a total value of $91,381.72. Following the completion of the sale, the executive vice president owned 605,272 shares of the company’s stock, valued at $11,064,372.16. This trade represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,965,093 shares of company stock valued at $62,487,101. 6.44% of the stock is currently owned by insiders.

Institutional Trading of Permian Resources

Large investors have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Permian Resources by 4.0% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,934 shares of the company’s stock worth $224,000 after purchasing an additional 607 shares in the last quarter. Waterloo Capital L.P. increased its stake in Permian Resources by 3.1% during the 4th quarter. Waterloo Capital L.P. now owns 21,773 shares of the company’s stock worth $305,000 after buying an additional 657 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in 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 buying an additional 706 shares in the last quarter. Curated Wealth Partners LLC boosted 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 buying an additional 747 shares during the last quarter. Finally, Chilton Capital Management LLC boosted its position in Permian Resources by 3.5% in the 3rd quarter. Chilton Capital Management LLC now owns 23,668 shares of the company’s stock valued at $303,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PR shares. Zacks Research raised shares of Permian Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Benchmark lowered shares of Permian Resources from a “buy” rating to a “hold” rating in a report on Thursday. Raymond James Financial reissued a “strong-buy” rating and set a $21.00 price objective on shares of Permian Resources in a research note on Thursday, February 26th. TD Cowen upgraded Permian Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Mizuho lifted their target price on Permian Resources from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.58.

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.