Latest news with #PermianResources
Yahoo
17-05-2025
- Business
- Yahoo
Permian Resources Corporation (PR) Just Got Upgraded by RBC Capital
The global investment bank, RBC Capital, just raised its price target for Permian Resources Corporation (NYSE:PR). Here is why. 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. On May 16th, RBC Capital adjusted its outlook on Permian Resources Corporation (NYSE:PR), raising the stock's price target from $16 to $17, while reaffirming its Outperform rating. The analyst highlighted that PR's success hinges on enhancing operational efficiencies and engaging in accretive consolidation. Despite the intense market volatility, the oil and gas producer recently announced that it is growing its footprint in the northern Delaware Basin through a $608 million acquisition of assets from Apache parent APA Corp. Hence, Permian's activity remains 'steady-as-she-goes' despite oil price weakness relative to the original budgeted levels. Permian Resources Corporation (NYSE:PR) recently revealed very strong results for its Q1 2025, highlighted by strong operational performance and lower costs. The company beat profit, revenue, and output expectations and even managed to achieve the highest free cash flow per share in its history of $0.54 per share, driven by lower per unit cost and solid production performance. Moreover, the oil and gas firm has approximately 25% of its 2025 oil production hedged at a price just above $73 per barrel, allowing it to be more opportunistic during a downturn when investments can earn the highest return. While we acknowledge the potential of PR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Permian Resources price target raised to $17 from $16 at Roth Capital
Roth Capital raised the firm's price target on Permian Resources (PR) to $17 from $16 based on higher cash flows, while keeping a Buy rating on the shares following quarterly results. The company reported Q1 CFPS of $1.15, which was 1.5% above consensus of $1.13 due to higher production. The firm highlights its solid returns of capital, including dividends and buybacks, slightly higher production growth vs. peers, and discounted valuation vs. larger Permian peers. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on PR: Disclaimer & DisclosureReport an Issue Permian Resources: Strong Performance and Strategic Acquisitions Justify Buy Rating Permian Resources Reports Strong Q1 2025 Results Permian Resources reports Q1 EPS 44c, consensus 43c Permian Resources backs FY25 oil, production guidance ranges Permian to acquire Northern Delaware Basin assets from APA Corp. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Business
- Business Insider
TD Cowen Sticks to Their Buy Rating for Permian Resources (PR)
In a report released today, Gabriel Daoud from TD Cowen reiterated a Buy rating on Permian Resources (PR – Research Report), with a price target of $19.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Daoud covers the Energy sector, focusing on stocks such as Matador Resources, SM Energy, and Gulfport Energy. According to TipRanks, Daoud has an average return of -18.1% and a 28.76% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Permian Resources with a $17.56 average price target. Based on Permian Resources' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.3 billion and a net profit of $216.65 million. In comparison, last year the company earned a revenue of $1.12 billion and had a net profit of $255.35 million Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2025, William Quinn, a Director at PR bought 250,000.00 shares for a total of $3,022,500.00.
Bloomberg
08-05-2025
- Business
- Bloomberg
APA Reaches Deal to Sell New Mexico Assets to Permian Resources
APA Corp., a US oil explorer with wells from Egypt to Alaska, said it's selling some of its assets in the world's busiest shale patch to Permian Resources Corp. as it streamlines its portfolio. The transaction covers APA's assets in the New Mexico portion of the Permian Basin, which Permian Resources is paying $608 million, prior to closing adjustments, according to a statement confirming an earlier report by Bloomberg News.
Forbes
26-04-2025
- Business
- Forbes
4 Stocks Below Book Value, Paying Dividends, Earnings Records
Below book value stocks When he wrote The Intelligent Investor and Security Analysis, Benjamin Graham provided details on his methods for selecting stocks. His student at Columbia's business school, Warren Buffett, created Berkshire Hathaway and applied what he'd learned from Professor Graham. A lot has changed since Graham and Buffett's best days, but the basics still apply. If an investor can purchase a stock at a price below its book value, that's basically good. Other factors enter into it, of course: is the company making money? Does it reward shareholders with dividends? Here are four stocks that may fit these classic value stock guidelines. Obviously, more research is required but it's a reasonable guess that this is a good start. Apple Hospitality REIT Apple Hospitality REIT daily price chart, 4 26 25. Like many real estate investment trusts right now, the price chart shows a bounce off the early April low. A basic downtrend remains in place as the stock trades below both down trending 50-day and 200-day moving averages. The relative strength indicator (RSI, below the price chart) has moved out of the 'oversold' range. Apple Hospitality trades with a price-earnings ratio of 13.41, far below the p/e of the S&P 500 now at 34.22. The REIT can be purchased at 87% of its book value. The market capitalization is $2.84 billion. The debt-to-equity ratio is .49. Apple Hospitality pays an 8.23% dividend. Fresh Del Monte Products Fresh Del Monte Produce daily price chart, 4 26 25. Thursday's closing price broke above the early December high, just barely but that counts. Note the difference between the strength of this stock and the general lack of strength of the major indexes, despite last week's bounce. Fresh Del Monte Produce trades above up trending 50-day and 200-day moving averages. Market cap is $1.65 billion. The stock is available for purchase at a 17% discount from book value. The price-earnings ratio is a low 11.63. The debt-to-equity ratio is .21. Earnings this year are up 11.57% and up over the past five years by 16.59%. The farm produce company recently paid a dividend of 3.05%. Permian Resources Permian Resources daily price chart, 4 26 25. The stock over the last two weeks bounced off the early April low. Now at $12.26, it has a long way to go to make it back to the November 2024 high of $16. The price remains below down trending 50-day and 200-day moving averages. Tariffs may be playing a role in the current drop. The oil and gas exploration and development company trades at 94% of book value with a price-earnings ratio of 8.59. Market cap is $9.92 billion. The debt-t0-equity ratio is .47. This year's earnings are down 1.42% and up over the past five years by 90.07%. Permian Resources offers investors a 4.89% dividend. X Financial ADR X Financial daily price chart, 4 26 25. You can see how this China-based credit services firm peaked in March at just above $17.50, sold off into the early April stock market lows and has since bounced. Note that it now trades above an up trending 50-day moving average and above the 200-day moving average. X Financial has a market cap of $452 million. The price-earnings ratio is 3.16 and the discount to book value is 31%. The debt-to-equity ratio is .05. Average daily volume of just 205,000 is relatively low for a New York Stock Exchange-listed stock. The company pays a 2.35% dividend. Stats courtesy of Charts courtesy of
