BofA Securities resumed coverage on Permian Resources with a new price target
$PR
Oil & Gas Production
Energy
BofA Securities resumed coverage of Permian Resources with a rating of Buy and set a new price target of $20.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $19.00 | Overweight | Morgan Stanley |
| 9/30/2024 | $19.00 | Buy | Goldman |
| 7/18/2024 | Peer Perform | Wolfe Research | |
| 7/3/2024 | $21.00 | Market Perform → Outperform | BMO Capital Markets |
| 6/14/2024 | $20.00 | Buy | BofA Securities |
| 4/9/2024 | $24.00 | Strong Buy | Raymond James |
| 1/5/2024 | $15.00 | Neutral | BofA Securities |
| 11/15/2023 | $17.00 | Overweight | Wells Fargo |
Morgan Stanley initiated coverage of Permian Resources with a rating of Overweight and set a new price target of $19.00
Goldman initiated coverage of Permian Resources with a rating of Buy and set a new price target of $19.00
Wolfe Research initiated coverage of Permian Resources with a rating of Peer Perform
10-Q - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
SD - Permian Resources Corp (0001658566) (Filer)
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that Permian Resources Operating, LLC (the "Issuer"), a subsidiary of Permian Resources, has issued a notice of partial redemption (the "Notice") with respect to its 9.875% Senior Notes due 2031 (the "Notes"). On January 24, 2025 (the "Redemption Date"), the Issuer will redeem an aggregate principal amount of $175 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemption price of 109.875% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (the "Redemption"
Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its third quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 160.8 MBbls/d and 347.1 MBoe/d during the quarter Announced cash capital expenditures of $520 million, cash provided by operating activities of $954 million and adjusted free cash flow1 of $303 million Continue to drive operational efficiencies, resulting in reduced cycle times and lower well costs Reduced D&C costs to ~$800 per lateral foot, which represents a 16% decrease from 2023 Announced quarterly base
4 - Permian Resources Corp (0001658566) (Issuer)
SC 13D/A - Permian Resources Corp (0001658566) (Subject)
SC 13G/A - Permian Resources Corp (0001658566) (Subject)
SC 13D/A - Permian Resources Corp (0001658566) (Subject)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that Permian Resources Operating, LLC (the "Issuer"), a subsidiary of Permian Resources, has issued a notice of partial redemption (the "Notice") with respect to its 9.875% Senior Notes due 2031 (the "Notes"). On January 24, 2025 (the "Redemption Date"), the Issuer will redeem an aggregate principal amount of $175 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemption price of 109.875% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date (the "Redemption"
Permian Resources Corporation (NYSE:PR) ("Permian Resources" or the "Company") today announced it has entered into a definitive agreement to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik") for a total cash consideration of $180 million, subject to customary post-closing adjustments. The divested natural gas and oil pipeline systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage. "We are excited to announce another divestiture of non-core assets at a price that is accretive over both the short a
Kinetik Holdings Inc. (NYSE:KNTK) ("Kinetik" or the "Company") today announced it has entered into a definitive agreement with Permian Resources Corporation (NYSE:PR) ("Permian Resources") whereby Kinetik will acquire Permian Resources' natural gas and crude oil gathering systems (the "Assets") primarily located in Reeves County, Texas for $180 million of cash consideration (the "Transaction"). The Transaction provides a multi-stream opportunity for natural gas gathering, compression and processing, as well as crude gathering services for Kinetik. Transaction Highlights: Approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for n