Goldman initiated coverage on Permian Resources with a new price target
$PR
Oil & Gas Production
Energy
Goldman initiated coverage of Permian Resources with a rating of Buy and set a new price target of $19.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 8/16/2023 | $13.00 → $16.00 | Neutral → Buy | Mizuho |
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
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that its Board of Directors (the "Board") declared a quarterly base cash dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on November 22, 2024 to shareholders of record as of November 14, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin, making
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report third quarter 2024 financial and operating results after the market closes for trading on Wednesday, November 6, 2024. Management will host an earnings conference call on Thursday, November 7, 2024, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 225-9448 (Conference ID: PRCQ324) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company's website or by phone at (800) 839-5495 (Passcode: 26601) for a 14-day period followi
Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Permian Resources (NYSE:PR) in the last three months. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 2 0 0 0 2M Ago 2 0 0 0 0 3M Ago 2 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.86, along with a high estimate of $22.00 and a low estimate of $20.00. A negative shift
Truist Securities analyst Neal Dingmann maintains Permian Resources (NYSE:PR) with a Buy and lowers the price target from $24 to $21.
Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 7.85% on an annualized basis producing an average annual return of 20.76%. Currently, Permian Resources has a market capitalization of $10.36 billion. Buying $100 In PR: If an investor had bought $100 of PR stock 5 years ago, it would be worth $263.55 today based on a price of $16.00 for PR at the time of writing. Permian Resources's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
10-Q - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
SD - Permian Resources Corp (0001658566) (Filer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
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)
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
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that its Board of Directors (the "Board") declared a quarterly base cash dividend of $0.15 per share of Class A common stock, or $0.60 per share on an annualized basis. The base dividend is payable on November 22, 2024 to shareholders of record as of November 14, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on the responsible acquisition, optimization and development of high-return oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin, making
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report third quarter 2024 financial and operating results after the market closes for trading on Wednesday, November 6, 2024. Management will host an earnings conference call on Thursday, November 7, 2024, at 9:00 a.m. Central (10:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (800) 225-9448 (Conference ID: PRCQ324) at least 15 minutes prior to the start of the call or via the internet at www.permianres.com. A replay of the call will be available on the Company's website or by phone at (800) 839-5495 (Passcode: 26601) for a 14-day period followi
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
BMO Capital Markets upgraded Permian Resources from Market Perform to Outperform and set a new price target of $21.00