Permian Resources (NYSE:PR) Issues Earnings Results, Beats Estimates By $0.01 EPS

Permian Resources (NYSE:PR) posted its quarterly earnings results on Wednesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01, FiscalAI reports. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.41 billion. Permian Resources had a return on equity of 10.56% and a net margin of 12.79%.The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share.

Permian Resources Stock Down 1.9%

NYSE PR traded down $0.38 on Friday, reaching $19.71. The company had a trading volume of 14,459,506 shares, compared to its average volume of 13,203,259. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.78 and a quick ratio of 0.78. Permian Resources has a 1 year low of $11.92 and a 1 year high of $22.67. The firm has a 50-day moving average of $20.12 and a 200-day moving average of $16.49. The firm has a market capitalization of $16.48 billion, a PE ratio of 22.91, a P/E/G ratio of 1.20 and a beta of 0.52.

Permian Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.64 annualized dividend and a yield of 3.2%. Permian Resources’s payout ratio is 51.20%.

Key Headlines Impacting Permian Resources

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

• Positive Sentiment: Permian Resources beat first-quarter earnings estimates, reporting $0.39 per share versus the $0.38 consensus, which supports the view that profitability remains solid. Permian Resources (PR) Q1 Earnings Surpass Estimates
• Positive Sentiment: BofA raised its price target on Permian Resources to $22, suggesting at least one major analyst sees more upside after the earnings release. BofA Raises its Price Target on Permian Resources (PR) to $22
• Positive Sentiment: The company also announced a quarterly dividend of $0.16 per share, reinforcing shareholder returns and signaling confidence in cash generation.
• Neutral Sentiment: Management outlined 2026 plans calling for about 6% production growth, 5% to 10% more TILs, and a target of $675 per lateral foot, which points to disciplined growth but does not by itself guarantee immediate stock gains. Permian Resources signals 6% 2026 growth and up to 5%-10% more TILs while targeting $675 per lateral foot
• Neutral Sentiment: Recent earnings coverage highlighted that the company’s revenue was slightly below analyst estimates, offsetting some of the positive reaction to the earnings beat. Permian Resources (NYSE:PR) Reports Sales Below Analyst Estimates In Q1 CY2026 Earnings
• Negative Sentiment: Some market commentary suggests traders are watching a key technical level, indicating the shares may be reacting to both earnings details and near-term chart weakness. Stock market today: Nasdaq tops 26,000, then falls; Permian Resources tests key level (live coverage)

Insider Activity at Permian Resources

In related news, Director Jeffrey Tepper sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $19.38, for a total transaction of $969,000.00. Following the completion of the sale, the director directly owned 150,546 shares of the company’s stock, valued at approximately $2,917,581.48. This trade represents a 24.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James H. Walter sold 673,425 shares of Permian Resources stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $18.38, for a total transaction of $12,377,551.50. Following the sale, the chief executive officer directly owned 9,389,405 shares in the company, valued at $172,577,263.90. This trade represents a 6.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,130,066 shares of company stock valued at $58,837,655. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Permian Resources

Several large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of Permian Resources in the fourth quarter worth about $39,000. State of Wyoming increased its stake in shares of Permian Resources by 126.8% in the fourth quarter. State of Wyoming now owns 2,933 shares of the company’s stock worth $41,000 after buying an additional 1,640 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Permian Resources by 340.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,170 shares of the company’s stock worth $57,000 after buying an additional 3,224 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Permian Resources by 68.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,513 shares of the company’s stock valued at $63,000 after acquiring an additional 1,841 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in Permian Resources by 237.6% during the 2nd quarter. Rakuten Securities Inc. now owns 7,106 shares of the company’s stock valued at $97,000 after acquiring an additional 5,001 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PR. Susquehanna reduced their price objective on Permian Resources from $20.00 to $18.00 and set a “positive” rating on the stock in a research note on Monday, January 26th. Benchmark lowered shares of Permian Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on shares of Permian Resources from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Scotiabank boosted their price objective on shares of Permian Resources from $21.00 to $25.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $21.00 price objective on shares of Permian Resources in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Permian Resources currently has a consensus rating of “Buy” and a consensus price target of $22.38.

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.