Why Permian Resources Corporation (PR) Stock is Gaining This Week

Yahoo

26-04-2025

We recently compiled a list of the Energy Stocks that are Gaining This Week. In this article, we are going to take a look at where Permian Resources Corporation (NYSE:PR) stands against the other energy stocks.
After plunging to a 52-week low earlier this month, the energy sector has since slightly recovered, posting gains of around 2% over the last week. The primary reason behind this slight surge is the modest increase in global crude oil prices, due to a temporary suspension of President Trump's tariffs on most countries and his softening rhetoric regarding the levies imposed on China. Investor sentiment was also buoyed by a reported 4.6 million barrel drop in US crude oil inventories last week, far exceeding expectations of an 800,000 barrel drop.
Another sector that has recently been in the spotlight is liquified natural gas, since an increasing number of countries are now looking to buy American LNG to narrow down their trade gap with the United States. A great example is how Indian state-run GAIL has issued a tender to acquire up to 26% stake in an LNG project in the United States, bundling the offer with a 15-year gas import deal, and aiding New Delhi's efforts to narrow its trade surplus with Washington. Moreover, the threat of Trump's tariffs is pushing Japan, South Korea, and Taiwan to consider investing in a massive natural gas project in Alaska. The project aims to produce 20 million metric tons of LNG annually, equal to about 23% of the total LNG that the US exported last year. In fact, Taiwan's state oil and gas company CPC Corporation already signed an LoI last month to purchase six million metric tons of gas from Alaska LNG.
A close-up of a wellhead, showing off the company's production of oil and natural gas.
To collect data for this article, we have referred to several stock screeners to find energy stocks that have surged the most between April 16 and April 23, 2025. The following are the Energy Stocks that Gained the Most This Week. The stocks are ranked according to their share price surge during this period.
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Share Price Gains Between Apr. 16 – Apr. 23: 7.99%
Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin.
The recent volatility in the share price of Permian Resources Corporation (NYSE:PR) reflects the ongoing challenges faced by the oil industry. The stock closed at a 52-week low of $10.36 earlier this month after the global crude oil price plunged to multi-year lows. However, the slight recovery in crude prices has helped the stock somewhat recover.
Despite some challenges in its Q4 2024, Permian Resources Corporation (NYSE:PR) declared a quarterly dividend of $0.15 per share in February. PR currently boasts a hefty dividend yield of almost 6%, putting it among the 13 Best Natural Gas and Oil Dividend Stocks To Buy.
Overall, PR ranks 6th on our list of the energy stocks that gained the most this week. While we acknowledge the potential of energy companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.