FY2024 EPS Estimates for Permian Resources Co. Decreased by Capital One Financial (NASDAQ:PR)

Permian Resources Co. (NASDAQ:PR) – Investment analysts at Capital One Financial cut their FY2024 earnings per share (EPS) estimates for shares of Permian Resources in a research note issued on Tuesday, September 3rd. Capital One Financial analyst P. Johnston now forecasts that the company will earn $1.61 per share for the year, down from their prior forecast of $1.62. The consensus estimate for Permian Resources’ current full-year earnings is $1.63 per share. Capital One Financial also issued estimates for Permian Resources’ Q3 2025 earnings at $0.47 EPS and FY2025 earnings at $1.86 EPS.

Permian Resources (NASDAQ:PR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Permian Resources had a return on equity of 11.91% and a net margin of 15.62%. The business’s revenue for the quarter was up 99.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.

A number of other research analysts have also recently commented on PR. Truist Financial upped their price target on Permian Resources from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Permian Resources in a research report on Monday, August 12th. Wolfe Research started coverage on Permian Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler dropped their price objective on Permian Resources from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, August 15th. Finally, Benchmark reissued a “buy” rating and set a $17.00 price objective on shares of Permian Resources in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Permian Resources has a consensus rating of “Moderate Buy” and a consensus target price of $19.93.

Permian Resources Stock Down 1.4 %

Shares of NASDAQ:PR opened at $13.58 on Wednesday. Permian Resources has a 1 year low of $12.34 and a 1 year high of $18.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.50. The business has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $15.98. The company has a market capitalization of $10.90 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.77 and a beta of 4.33.

Permian Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Monday, August 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Monday, August 19th. Permian Resources’s payout ratio is 21.82%.

Institutional Trading of Permian Resources

Several large investors have recently modified their holdings of the company. EnCap Energy Capital Fund XI L.P. purchased a new stake in shares of Permian Resources in the fourth quarter worth about $353,683,000. Vanguard Group Inc. grew its stake in shares of Permian Resources by 69.7% during the fourth quarter. Vanguard Group Inc. now owns 48,315,321 shares of the company’s stock valued at $657,088,000 after buying an additional 19,847,358 shares during the last quarter. OnyxPoint Global Management LP bought a new position in shares of Permian Resources during the fourth quarter valued at approximately $114,159,000. Massachusetts Financial Services Co. MA grew its stake in shares of Permian Resources by 96.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,158,892 shares of the company’s stock valued at $178,961,000 after buying an additional 6,464,093 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Permian Resources by 480.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,054,560 shares of the company’s stock valued at $106,924,000 after buying an additional 5,012,287 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

About Permian Resources

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. The company's assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in West Texas, Eddy County, Lea County, and New Mexico.