KeyCorp Increases Earnings Estimates for Permian Resources

Permian Resources Corporation (NYSE:PR) – Investment analysts at KeyCorp increased their FY2026 earnings estimates for shares of Permian Resources in a note issued to investors on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now forecasts that the company will post earnings per share of $2.22 for the year, up from their previous estimate of $2.18. KeyCorp currently has a “Strong-Buy” rating on the stock. The consensus estimate for Permian Resources’ current full-year earnings is $2.00 per share. KeyCorp also issued estimates for Permian Resources’ Q4 2027 earnings at $0.62 EPS.

Several other analysts have also recently commented on PR. Weiss Ratings cut shares of Permian Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Citigroup raised their price objective on shares of Permian Resources from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group raised their price objective on shares of Permian Resources from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada raised their price objective on shares of Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Wells Fargo & Company set a $26.00 price objective on shares of Permian Resources in a research note on Monday, May 25th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.69.

Permian Resources Stock Down 0.2%

PR stock opened at $20.15 on Friday. Permian Resources has a one year low of $11.92 and a one year high of $22.67. The stock has a market capitalization of $16.87 billion, a PE ratio of 23.43 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 0.66. The company has a fifty day moving average of $20.54 and a 200-day moving average of $17.53.

Permian Resources (NYSE:PR) last released its earnings results on Wednesday, May 6th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Permian Resources had a net margin of 12.79% and a return on equity of 10.53%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $0.44 EPS. The business’s revenue was up .9% on a year-over-year basis.

Hedge Funds Weigh In On Permian Resources

Hedge funds have recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. increased its holdings in Permian Resources by 1,862.5% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,413 shares of the company’s stock valued at $30,000 after acquiring an additional 1,341 shares in the last quarter. SHP Wealth Management purchased a new position in Permian Resources during the 4th quarter valued at about $27,000. Cedar Mountain Advisors LLC purchased a new position in Permian Resources during the 1st quarter valued at about $48,000. Los Angeles Capital Management LLC purchased a new position in Permian Resources during the 4th quarter valued at about $39,000. Finally, State of Wyoming increased its holdings in Permian Resources by 126.8% during the 4th quarter. State of Wyoming now owns 2,933 shares of the company’s stock valued at $41,000 after acquiring an additional 1,640 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Permian Resources

In other Permian Resources news, EVP Guy M. Oliphint sold 62,769 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.44, for a total transaction of $1,282,998.36. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William J. Quinn sold 512,429 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $19.59, for a total transaction of $10,038,484.11. Following the transaction, the director owned 6,914,410 shares of the company’s stock, valued at $135,453,291.90. This trade represents a 6.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,438,198 shares of company stock worth $27,865,280 over the last three months. 5.00% of the stock is currently owned by company insiders.

Permian Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.64 annualized dividend and a dividend yield of 3.2%. Permian Resources’s dividend payout ratio (DPR) is 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.