Permian Resources Corporation (NYSE:PR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Posted by George Bondi on Jun 19th, 2026

Permian Resources Corporation (NYSE:PR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.00.

A number of research analysts have recently issued reports on PR shares. Mizuho raised their price objective on Permian Resources from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. BMO Capital Markets raised Permian Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Morgan Stanley reissued an “overweight” rating on shares of Permian Resources in a research note on Friday, March 27th. Piper Sandler raised their target price on Permian Resources from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, Wells Fargo & Company set a $26.00 target price on Permian Resources in a research note on Monday, May 25th.

Read Our Latest Analysis on PR

Insider Activity

In related news, EVP Guy M. Oliphint sold 62,769 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.44, for a total value of $1,282,998.36. Following the sale, the executive vice president directly owned 542,503 shares of the company’s stock, valued at $11,088,761.32. This trade represents a 10.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by insiders.

Institutional Trading of Permian Resources

Several large investors have recently modified their holdings of PR. Bank of New York Mellon Corp grew its stake in shares of Permian Resources by 115.5% in the fourth quarter. Bank of New York Mellon Corp now owns 25,153,702 shares of the company’s stock worth $352,906,000 after purchasing an additional 13,483,136 shares during the last quarter. Boston Partners lifted its holdings in Permian Resources by 76.2% in the third quarter. Boston Partners now owns 17,350,663 shares of the company’s stock worth $222,099,000 after buying an additional 7,503,654 shares during the period. Vanguard Group Inc. lifted its holdings in Permian Resources by 10.4% in the third quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company’s stock worth $914,733,000 after buying an additional 6,705,644 shares during the period. Millennium Management LLC lifted its holdings in Permian Resources by 210.6% in the third quarter. Millennium Management LLC now owns 9,850,059 shares of the company’s stock worth $126,081,000 after buying an additional 6,678,814 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Permian Resources in the first quarter worth about $121,041,000. 91.84% of the stock is owned by institutional investors.

Permian Resources Stock Down 0.6%

Shares of NYSE:PR opened at $18.45 on Friday. The stock’s 50-day moving average price is $20.11 and its 200-day moving average price is $17.89. Permian Resources has a 12-month low of $11.92 and a 12-month high of $22.67. The stock has a market capitalization of $15.45 billion, a P/E ratio of 21.46 and a beta of 0.48. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Permian Resources had a return on equity of 10.53% and a net margin of 12.79%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $0.44 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts anticipate that Permian Resources will post 2.01 earnings per share for the current year.

Permian Resources Announces Dividend

The firm also recently announced 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 of this dividend is Tuesday, June 16th. This represents a $0.64 annualized dividend and a dividend yield of 3.5%. Permian Resources’s dividend payout ratio (DPR) is presently 74.42%.

Permian Resources Company Profile

(Get Free Report)

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.