<div id="readability-page-1"><p><span>Permian Resources (NYSE:PR - Get Free Report)</span> was downgraded by stock analysts at Bank of America from a &#34;buy&#34; rating to a &#34;neutral&#34; rating in a research report issued on Friday, Marketbeat reports. They currently have a $16.00 price target on the stock, down from their previous price target of $17.00. Bank of America's price target would suggest a potential upside of 11.96% from the stock's previous close.</p><div><p><span></span><span>Get <strong>Permian Resources</strong> alerts:</span></p></div><ul><li>Plastic Surgery: Winners and Losers of the Proposed 10% Interest Cap</li></ul><p>A number of other research analysts have also issued reports on the stock. Wells Fargo &amp; Company dropped their price target on shares of Permian Resources from $21.00 to $16.00 and set an &#34;overweight&#34; rating on the stock in a research note on Friday, October 17th. Mizuho boosted their target price on Permian Resources from $19.00 to $21.00 and gave the stock an &#34;outperform&#34; rating in a research report on Friday, December 12th. Weiss Ratings  reissued a &#34;hold (c)&#34; rating on shares of Permian Resources in a research note on Monday, December 29th. Royal Bank Of Canada lifted their price target on Permian Resources from $17.00 to $18.00 and gave the company an &#34;outperform&#34; rating in a research note on Thursday, October 9th. Finally, UBS Group upped their price objective on Permian Resources from $17.00 to $19.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned  a Buy rating, two have given a Hold rating and one  has issued  a Sell rating to the company. According to data from MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and an average target price of $18.79.</p><p><b>Read Our Latest Analysis on PR</b></p><h2>Permian Resources Price Performance</h2><ul><li>Will the Fed Cut or Pause? These Finance Stocks Can Win Either Way</li></ul><p>Shares of NYSE PR opened at $14.29 on Friday. The stock's 50-day simple moving average is $14.11 and its 200-day simple moving average is $13.63. The firm has a market capitalization of $11.85 billion, a PE ratio of 13.10 and a beta of 0.66. Permian Resources has a fifty-two week low of $10.01 and a fifty-two week high of $16.03. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.67. </p><p>Permian Resources (NYSE:PR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.22). Permian Resources had a return on equity of 11.03% and a net margin of 15.65%.The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was up 8.7% compared to the same quarter last year.  As a group, equities research analysts forecast that  Permian Resources will post 1.45 EPS for the current fiscal year. </p><h2>Insider Buying and Selling</h2><ul><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li></ul><p>In related news, EVP Guy M. Oliphint sold 172,904 shares of the stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $13.63, for a total transaction of $2,356,681.52. Following the transaction, the executive vice president directly owned 616,683 shares in the company, valued at approximately $8,405,389.29. This represents a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James H. Walter sold 467,700 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 transaction of $6,374,751.00. Following the transaction, the chief executive officer directly owned 1,010,138 shares in the company, valued at approximately $13,768,180.94. This represents a 31.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,210,456 shares of company stock worth $30,231,728 in the last three months. 6.44% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Permian Resources</h2><p>Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of  Permian Resources by 10.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,463,525 shares of the company's stock worth $914,733,000 after acquiring an additional 6,705,644 shares in the last quarter.  Dimensional Fund Advisors LP increased its stake in shares of  Permian Resources by 20.9% in the third quarter. Dimensional Fund Advisors LP now owns 27,101,840 shares of the company's stock valued at $346,919,000 after purchasing an additional 4,691,280 shares during the period.  Bank of New York Mellon Corp grew its holdings in  Permian Resources by 86.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 23,963,307 shares of the company's stock worth $326,380,000 after buying an additional 11,133,354 shares in the last quarter.  Massachusetts Financial Services Co. MA increased its position in  Permian Resources by 8.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,453,672 shares of the company's stock valued at $236,207,000 after acquiring an additional 1,421,059 shares during the period.  Finally, Boston Partners raised its stake in  Permian Resources by 76.2% during the 3rd quarter. Boston Partners now owns 17,350,663 shares of the company's stock valued at $222,099,000 after acquiring an additional 7,503,654 shares in the last quarter. Institutional investors own  91.84% of the company's stock. </p><h2>Permian Resources Company Profile</h2> (Get Free Report)<p>Permian Resources <span>NYSE: PR<span></span></span> 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. </p><p>Headquartered in Oklahoma City, Permian Resources concentrates its asset portfolio in the Delaware and Midland sub-basins of West Texas and southeastern New Mexico.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Permian Resources</li><li>Buy Alert: $8 AI Stock</li><li>53% Gains In 4 Years. Then 51% In Under 11 Months.</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Do not delete, read immediately</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBS?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBS"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Permian Resources Right Now?</h2><p>Before you consider Permian Resources, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permian Resources wasn't on the list.</p><p>While Permian Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of America downgraded Permian Resources (NYSE:PR) from a "buy" to a "neutral" rating, lowering the price target from $17.00 to $16.00. Other analysts have varied opinions, with Wells Fargo also reducing their target to $16.00, while Mizuho increased theirs to $21.00. The stock opened at $14.29, with a market cap of $11.85 billion. Recent earnings showed a miss on EPS estimates, reporting $0.08 against a $0.30 expectation. Insiders have sold significant shares recently, indicating potential shifts in ownership.</p>

Permian Resources (NYSE:PR) Stock Rating Lowered by Bank of America