Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
7/13/2023 | $14.00 | Buy | The Benchmark Company |
4/19/2023 | $13.00 | Neutral | UBS |
3/1/2023 | $15.00 | Market Perform → Outperform | TD Cowen |
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
3 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
4 - Permian Resources Corp (0001658566) (Issuer)
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
BofA Securities resumed coverage of Permian Resources with a rating of Buy and set a new price target of $20.00
Raymond James initiated coverage of Permian Resources with a rating of Strong Buy and set a new price target of $24.00
BofA Securities initiated coverage of Permian Resources with a rating of Neutral and set a new price target of $15.00
Wells Fargo initiated coverage of Permian Resources with a rating of Overweight and set a new price target of $17.00
Mizuho upgraded Permian Resources from Neutral to Buy and set a new price target of $16.00 from $13.00 previously
The Benchmark Company initiated coverage of Permian Resources with a rating of Buy and set a new price target of $14.00
UBS initiated coverage of Permian Resources with a rating of Neutral and set a new price target of $13.00
TD Cowen upgraded Permian Resources from Market Perform to Outperform and set a new price target of $15.00
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced an update to its return of capital strategy, which increases its quarterly base dividend from $0.06 per share to $0.15 per share ($0.60 per share annually). This represents a 150% increase to the Company's prior base dividend and provides a leading base dividend yield amongst U.S. independent E&Ps. As part of its updated shareholder return policy, the Board of Directors has also authorized a new share repurchase program of $1 billion, replacing the existing $500 million program. The Company's approach to share buybacks will remain consistent with its historical strategy of focusing on opportunis
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its second quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 152.9 MBbls/d and 338.8 MBoe/d during the quarter Decreased controllable cash costs by 8% quarter-over-quarter to $7.45 per Boe, driven primarily by lower LOE Reduced second quarter D&C costs per foot by ~13% compared to 2023, driven by operational efficiencies Announced cash capital expenditures of $516 million and adjusted free cash flow1 of $332 million ($0.43 per adjusted basic share) Reported total
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 $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.15 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.21 per share. The base and variable dividends are payable on August 27, 2024 to shareholders of record as of August 19, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company fo
Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) today announced the final results and expiration of its previously announced cash tender offer to purchase (the "Tender Offer") any and all of the outstanding 7.75% Senior Notes due 2026 (the "Notes") of Permian Resources Operating, LLC, a subsidiary of Permian Resources ("OpCo"). As of 5:00 p.m., New York City time, on August 2, 2024, the expiration time for the Tender Offer (the "Expiration Time"), Permian Resources had received tenders for an aggregate principal amount of $298,703,000 of the outstanding Notes, or 99.57% of the aggregate principal amount of the Notes outstanding. These amounts exclude $878,
Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) today announced the pricing terms of the previously announced cash tender offer to purchase (the "Tender Offer") any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in the Offer to Purchase, dated July 29, 2024 (the "Offer to Purchase"), of Permian Resources Operating, LLC, a subsidiary of Permian Resources ("OpCo"). Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below. Title of Security CUSIP N
Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) announced today that Permian Resources Operating, LLC (the "Issuer"), a subsidiary of Permian Resources, has priced its previously announced private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers of $1,000.0 million aggregate principal amount of 6.25% senior notes due 2033 (the "Notes"). This offering was upsized from an initial offering size of $750.0 million aggregate principal amount. The Notes mature on February 1, 2033 and pay interest at the rate of 6.25% per year, payable on August 1 and February 1 of each yea
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced the pricing of an underwritten public offering (the "equity offering") of an aggregate 26,500,000 shares of its Class A Common Stock, par value $0.0001 per share ("Class A common stock"), at a price to the public of $15.30 per share. Concurrently with the equity offering, subject to market conditions, Permian Resources Operating, LLC, a subsidiary of Permian Resources (the "Issuer"), intends to offer for sale in a private placement (the "concurrent notes offering") under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers $750.0
Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) today announced that Permian Resources Operating, LLC ("Permian Resources OpCo"), a subsidiary of Permian Resources, commenced a cash tender offer (the "Tender Offer") to purchase any and all of the outstanding senior notes (the "Notes") listed in the following table upon the terms and conditions described in Permian Resources OpCo's Offer to Purchase, dated July 29, 2024 (the "Offer to Purchase"). Certain information regarding the Notes and the U.S. Treasury Reference Security, the Bloomberg reference page and the fixed spread is set forth in the table below. Title of Security CUSIP Numbers
Permian Resources Corporation ("Permian Resources," "we," "us" or "our") (NYSE:PR) announced today that, subject to market conditions, Permian Resources Operating, LLC, a subsidiary of Permian Resources (the "Issuer"), intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"), to eligible purchasers $750.0 million in aggregate principal amount of senior unsecured notes due 2033 (the "Notes"). The Notes will be guaranteed on a senior unsecured basis by Permian Resources and all of the Issuer's subsidiaries that guarantee the Issuer's obligations under its senior secured credit facility (the "credit fa
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that it has entered into a definitive agreement with Occidental (NYSE:OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company's existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with closing expected to occur by the end of the third quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240728309912/en/Permian Resources Acquired Acreage Map (G
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
Wolfe Research analyst Doug Leggate reinstates Permian Resources (NYSE:PR) with a Peer Perform.
RBC Capital analyst Scott Hanold reiterates Permian Resources (NYSE:PR) with a Outperform and maintains $20 price target.
Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 5.07% on an annualized basis producing an average annual return of 18.36%. Currently, Permian Resources has a market capitalization of $10.40 billion. Buying $1000 In PR: If an investor had bought $1000 of PR stock 5 years ago, it would be worth $2,235.38 today based on a price of $16.06 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 conte
Shares of Permian Resources Corp (NYSE:PR) were climbing in early trading on Wednesday. The company's increased Delaware footprint and strong M&A track record should support continued organic and inorganic growth, according to BMO Capital Markets. The Permian Resources Analyst: Phillip Jungwirth upgraded the rating for Permian Resources from Market Perform to Outperform, while keeping the price target unchanged at $21. The Permian Resources Thesis: The company has a large-scale and low-cost footprint in Delaware, Jungwirth said in the upgrade note. Check out other analyst stock ratings. "Permian Resources has built a sizable position in the Delaware Basin through organic growt
BMO Capital analyst Phillip Jungwirth upgrades Permian Resources (NYSE:PR) from Market Perform to Outperform and announces $21 price target.
Ratings for Permian Resources (NYSE:PR) were provided by 15 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 5 1 0 0 Last 30D 0 1 0 0 0 1M Ago 2 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 5 4 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $20.67, along with a high estimate of $24.00 and a low estimate of $17.00. Witnessing a positive shift, the curren
Permian Resources (NYSE:PR) has outperformed the market over the past 5 years by 3.02% on an annualized basis producing an average annual return of 15.95%. Currently, Permian Resources has a market capitalization of $10.16 billion. Buying $100 In PR: If an investor had bought $100 of PR stock 5 years ago, it would be worth $206.00 today based on a price of $15.70 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
8-K - Permian Resources Corp (0001658566) (Filer)
10-Q - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
424B5 - Permian Resources Corp (0001658566) (Filer)
8-K - Permian Resources Corp (0001658566) (Filer)
424B5 - Permian Resources Corp (0001658566) (Filer)
144 - Permian Resources Corp (0001658566) (Subject)
SC 13D/A - Permian Resources Corp (0001658566) (Subject)
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SC 13D/A - Permian Resources Corp (0001658566) (Subject)
SC 13D/A - Permian Resources Corp (0001658566) (Subject)
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Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its second quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Reported crude oil and total average production of 152.9 MBbls/d and 338.8 MBoe/d during the quarter Decreased controllable cash costs by 8% quarter-over-quarter to $7.45 per Boe, driven primarily by lower LOE Reduced second quarter D&C costs per foot by ~13% compared to 2023, driven by operational efficiencies Announced cash capital expenditures of $516 million and adjusted free cash flow1 of $332 million ($0.43 per adjusted basic share) Reported total
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 $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.15 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.21 per share. The base and variable dividends are payable on August 27, 2024 to shareholders of record as of August 19, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company fo
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced that it has entered into a definitive agreement with Occidental (NYSE:OXY) to purchase ~29,500 net acres, ~9,900 net royalty acres and ~15,000 Boe/d predominantly located directly offset the Company's existing position in Reeves County, Texas for $817.5 million, subject to customary post-closing adjustments. The effective date of the transaction is July 1, 2024, with closing expected to occur by the end of the third quarter of 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240728309912/en/Permian Resources Acquired Acreage Map (G
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report second quarter 2024 financial and operating results after the market closes for trading on Tuesday, August 6, 2024. Management will host an earnings conference call on Wednesday, August 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) 267-6316 (Conference ID: PRCQ224) 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) 925-9354 (Passcode: 24995) for a 14-day period following t
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance. Recent Financial and Operational Highlights Delivered Permian Resources' best quarter to-date: Production outperformance due to accelerated Earthstone efficiencies and continued strong well results Robust free cash flow driven by operational execution and realization of cost synergies Earthstone integration completed ahead of schedule Earthstone annual synergy target increased by $50 million to $225 million Executed ~$270 million of additional bolt-on acquisitions in core operating areas Re
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 $0.06 per share of Class A common stock, or $0.24 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.14 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.20 per share. The base and variable dividends are payable on May 29, 2024 to shareholders of record as of May 21, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report first quarter 2024 financial and operating results after the market closes for trading on Tuesday, May 7, 2024. Management will host an earnings conference call on Wednesday, May 8, 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: PRCQ124) 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) 938-2488 (Passcode: 24995) for a 14-day period following the call.
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans. Permian Resources' full year and fourth quarter 2023 information discussed within this release includes results from Earthstone Energy, Inc. ("Earthstone") for the months of November and December, unless otherwise specified. Fourth Quarter 2023 Financial and Operational Highlights Closed $4.5 billion Earthstone acquisition on November 1, enhancing Permian Resources' position as the second largest Permian pure-play E&P with a >$15 billion enterprise value Earthstone synergy capture ahead of
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 $0.05 per share of Class A common stock, or $0.20 per share on an annualized basis. Additionally, the Board has declared a quarterly variable cash dividend of $0.10 per share of Class A common stock. Combined, the base and variable dividends represent a total of $0.15 per share. The base and variable dividends are payable on March 21, 2024 to shareholders of record as of March 13, 2024. About Permian Resources Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focu
Permian Resources Corporation ("Permian Resources" or the "Company") (NYSE:PR) announced today that it will report fourth quarter and full year 2023 financial and operating results after the market closes for trading on Tuesday, February 27, 2024. Management will host an earnings conference call on Wednesday, February 28, 2024 at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the call by dialing (888) 259-6580 (Conference ID: 41855841) 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 (877) 674-7070 (Passcode: 855841) for a 14-da