Permian Resources (NYSE:PR) Downgraded to Strong Sell Rating by Zacks Research

22 Jan 2026, 15:28 by Danessa Lincoln · The Markets Daily

Zacks Research downgraded shares of Permian Resources (NYSE:PR – Free Report) from a hold rating to a strong sell rating in a research note released on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on PR. Wells Fargo & Company decreased their target price on Permian Resources from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, October 17th. Bank of America reissued a “neutral” rating and issued a $16.00 price target (down previously from $17.00) on shares of Permian Resources in a report on Friday, January 16th. The Goldman Sachs Group upped their price objective on Permian Resources from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Royal Bank Of Canada increased their target price on Permian Resources from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Permian Resources in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.79.

Read Our Latest Research Report on Permian Resources

Permian Resources Trading Down 0.2%

Shares of NYSE PR traded down $0.03 during trading on Tuesday, hitting $14.60. 770,049 shares of the company traded hands, compared to its average volume of 9,857,515. Permian Resources has a 1 year low of $10.01 and a 1 year high of $15.89. The company has a 50-day moving average price of $14.19 and a 200-day moving average price of $13.64. The firm has a market capitalization of $12.11 billion, a P/E ratio of 13.37 and a beta of 0.66. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.31.

Permian Resources (NYSE:PR – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.22). Permian Resources had a return on equity of 11.03% and a net margin of 15.65%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts predict that Permian Resources will post 1.45 EPS for the current year.

Permian Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Wednesday, December 17th. Permian Resources’s dividend payout ratio is presently 55.05%.

Insider Buying and Selling

In related news, EVP Robert Regan Shannon sold 106,405 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $13.63, for a total value of $1,450,300.15. Following the completion of the transaction, the executive vice president owned 360,667 shares of the company’s stock, valued at $4,915,891.21. This represents a 22.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William M. Hickey III sold 467,725 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total value of $6,375,091.75. Following the completion of the transaction, the chief executive officer directly owned 1,010,136 shares of the company’s stock, valued at approximately $13,768,153.68. The trade was a 31.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,210,456 shares of company stock worth $30,231,728. Insiders own 6.44% of the company’s stock.

Institutional Investors Weigh In On Permian Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Curated Wealth Partners LLC lifted its stake in Permian Resources by 1.1% in the 4th quarter. Curated Wealth Partners LLC now owns 70,601 shares of the company’s stock valued at $991,000 after purchasing an additional 747 shares during the last quarter. UMB Bank n.a. raised its stake in Permian Resources by 12.6% in the second quarter. UMB Bank n.a. now owns 6,953 shares of the company’s stock valued at $95,000 after buying an additional 778 shares during the period. Chilton Capital Management LLC raised its stake in Permian Resources by 3.5% in the third quarter. Chilton Capital Management LLC now owns 23,668 shares of the company’s stock valued at $303,000 after buying an additional 800 shares during the period. SCS Capital Management LLC lifted its position in shares of Permian Resources by 0.6% in the second quarter. SCS Capital Management LLC now owns 141,205 shares of the company’s stock valued at $1,923,000 after buying an additional 870 shares during the last quarter. Finally, Inscription Capital LLC boosted its stake in shares of Permian Resources by 3.5% during the 3rd quarter. Inscription Capital LLC now owns 28,219 shares of the company’s stock worth $361,000 after acquiring an additional 948 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

About Permian Resources

(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.