Permian Resources (NYSE:PR) Sets New 1-Year High – Time to Buy?

Posted by Brenda Bartman on Sep 10th, 2026

Permian Resources Corporation (NYSE:PR – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.20 and last traded at $23.7650, with a volume of 422420 shares traded. The stock had previously closed at $23.62.

Wall Street Analyst Weigh In

Several equities analysts have commented on PR shares. Roth Capital set a $23.00 price objective on Permian Resources and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research downgraded shares of Permian Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Evercore started coverage on shares of Permian Resources in a research note on Tuesday, June 23rd. They issued an “outperform” rating and a $25.00 price target on the stock. UBS Group dropped their target price on shares of Permian Resources from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Finally, Weiss Ratings raised shares of Permian Resources from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $24.00.

Get Our Latest Research Report on Permian Resources

Permian Resources Trading Up 0.1%

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.62 and a current ratio of 0.62. The company’s fifty day simple moving average is $21.32 and its 200-day simple moving average is $20.33. The company has a market capitalization of $19.80 billion, a P/E ratio of 15.64 and a beta of 0.49.

Permian Resources (NYSE:PR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. Permian Resources had a net margin of 21.52% and a return on equity of 13.47%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up 55.1% compared to the same quarter last year. Research analysts predict that Permian Resources Corporation will post 2.27 earnings per share for the current year.

Permian Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. Permian Resources’s payout ratio is 42.38%.

Insiders Place Their Bets

In other news, EVP Robert Shannon sold 5,104 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total value of $121,220.00. Following the completion of the transaction, the executive vice president directly owned 1,346,698 shares of the company’s stock, valued at approximately $31,984,077.50. The trade was a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Guy M. Oliphint sold 5,103 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $23.75, for a total value of $121,196.25. Following the sale, the executive vice president owned 537,400 shares of the company’s stock, valued at $12,763,250. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 15,699 shares of company stock worth $372,851 over the last 90 days. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Permian Resources

A number of institutional investors have recently added to or reduced their stakes in PR. California State Teachers Retirement System increased its position in Permian Resources by 1,885.1% during the 2nd quarter. California State Teachers Retirement System now owns 16,229,501 shares of the company’s stock valued at $298,785,000 after buying an additional 15,411,935 shares in the last quarter. Bank of New York Mellon Corp raised its stake in 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 valued at $352,906,000 after buying an additional 13,483,136 shares during the last quarter. Boston Partners boosted 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 acquiring an additional 7,503,654 shares in the last quarter. Millennium Management LLC boosted 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 acquiring an additional 6,678,814 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Permian Resources during the first quarter worth about $121,041,000. Institutional investors own 91.84% of the company’s stock.

About Permian Resources

(Get Free Report)

Permian Resources Corporation (NYSE: PR) is an independent oil and natural gas company focused on the acquisition, development and production of hydrocarbon resources in the Permian Basin. Its operations are concentrated in the Delaware and Midland basins of West Texas and southeastern New Mexico, where it develops primarily unconventional oil and natural gas properties.

The company’s production includes crude oil, natural gas and natural gas liquids. Permian Resources operates a portfolio of acreage and drilling locations and uses horizontal drilling and hydraulic fracturing technologies to develop its resources.