Permian Resources (PR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Permian Resources focuses on liquid fossil fuel development in the Delaware Basin, showing strong management and shareholder-friendly policies. The company's recent acquisition of 29,500 net acres from Occidental Petroleum boosts production and reduces costs, enhancing profitability. Permian Resources offers a 4.3% dividend yield, outperforming industry peers and the S&P 500, reflecting its commitment to shareholder value.
Permian Resources gets a buy rating today, in line with the bullish consensus. Strong points are the profit margin, Fitch upgrade in 2024, low debt/equity, and new business acquisitions last year to drive growth. Dividend investors may like the yield above 6%.
Permian Resources (PR) possesses solid growth attributes, which could help it handily outperform the market.
Permian Resources (PR) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Permian Resources, with its efficient, data-driven, low-cost approach, is a compelling buy despite lower WTI prices, offering strong growth potential in the volatile O&G sector. The company has significant assets in the Permian Basin, focusing on low breakeven costs and strong M&A activities, enhancing its production capabilities. Despite a Q4 EPS miss, PR shows robust financial health with strong FCF, a growing dividend, and a new $1 billion share repurchase program.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Permian Resources (PR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Permian Resources Corporation (NYSE:PR ) Q4 2024 Earnings Conference Call February 26, 2024 10:00 AM ET Company Participants Hays Mabry - VP, IR Will Hickey - Co-CEO James Walter - Co-CEO Guy Oliphint - CFO Conference Call Participants Scott Hanold - RBC Capital Markets Neal Dingmann - Truist Securities Gabe Daoud - TD Cowen Zach Parham - JPMorgan Kevin MacCurdy - Pickering Energy Partners Derrick Whitfield - Texas Capital Neil Mehta - Goldman Sachs Oliver Huang - TPH Josh Silverstein - UBS John Abbott - Wolfe Research Leo Mariani - ROTH Capital Partners Paul Diamond - Citi Noah Hungness - Bank of America Operator Good morning and welcome to Permian Resources Conference Call to discuss its Fourth Quarter and Full Year 2024 Earnings. Today's call is being recorded.
Permian Resources (PR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Although the revenue and EPS for Permian Resources (PR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Permian Resources (PR) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.35 per share a year ago.