Permian Resources (NYSE:PR) EVP Sells $72,314.15 in Stock

Permian Resources Corporation (NYSE:PR) EVP Robert Regan Shannon sold 3,865 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $18.71, for a total transaction of $72,314.15. Following the completion of the sale, the executive vice president owned 1,356,802 shares of the company’s stock, valued at approximately $25,385,765.42. The trade was a 0.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Regan Shannon also recently made the following trade(s):

• On Wednesday, March 4th, Robert Regan Shannon sold 5,000 shares of Permian Resources stock. The stock was sold at an average price of $18.28, for a total value of $91,400.00.
• On Tuesday, January 6th, Robert Regan Shannon sold 106,405 shares of Permian Resources stock. The shares were sold at an average price of $13.63, for a total value of $1,450,300.15.
• On Monday, January 5th, Robert Regan Shannon sold 70,254 shares of Permian Resources stock. The stock was sold at an average price of $13.76, for a total value of $966,695.04.

Permian Resources Price Performance

Permian Resources stock traded up $0.32 during midday trading on Thursday, reaching $18.85. The company’s stock had a trading volume of 13,122,291 shares, compared to its average volume of 12,453,093. The firm has a market capitalization of $15.63 billion, a PE ratio of 15.08 and a beta of 0.66. Permian Resources Corporation has a fifty-two week low of $10.01 and a fifty-two week high of $19.38. The stock’s 50 day simple moving average is $15.89 and its 200 day simple moving average is $14.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78.

Permian Resources (NYSE:PR) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.37 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Permian Resources Corporation will post 1.45 earnings per share for the current year.

Permian Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from Permian Resources’s previous quarterly dividend of $0.15. Permian Resources’s payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

PR has been the topic of several research reports. Zacks Research raised Permian Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. UBS Group boosted their price objective on shares of Permian Resources from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $21.00 price target on shares of Permian Resources in a report on Thursday, February 26th. Wall Street Zen raised Permian Resources from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Susquehanna dropped their price target on Permian Resources from $20.00 to $18.00 and set a “positive” rating for the company in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Permian Resources currently has an average rating of “Moderate Buy” and a consensus price target of $19.58.

Institutional Trading of Permian Resources

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in shares of Permian Resources by 69.2% in the 1st quarter. AQR Capital Management LLC now owns 149,696 shares of the company’s stock worth $2,060,000 after buying an additional 61,230 shares during the period. Goldman Sachs Group Inc. grew its position in Permian Resources by 18.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,452,127 shares of the company’s stock valued at $75,512,000 after acquiring an additional 852,347 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Permian Resources by 7.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,209,457 shares of the company’s stock worth $16,751,000 after acquiring an additional 87,105 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Permian Resources by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 898,087 shares of the company’s stock worth $12,232,000 after acquiring an additional 54,680 shares during the last quarter. Finally, World Investment Advisors raised its holdings in shares of Permian Resources by 34.0% in the 2nd quarter. World Investment Advisors now owns 13,961 shares of the company’s stock worth $190,000 after purchasing an additional 3,544 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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 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.