Permian Resources Corporation (PR) Research
Permian Resources Corporation operates as an independent producer in the oil and natural gas sector, primarily concentrating its efforts on the extraction of crude oil and associated liquids-rich natural gas reserves within the United States. Its core operational footprint is situated within the Delaware Basin, which is a major sub-basin of the broader Permian Basin. The company's landholdings are predominantly located across Reeves County in West Texas and Lea County, New Mexico. As of December 31, 2021, Permian Resources reported approximately 73,675 net acres under lease or acquisition, along with 991 net mineral acres, all within the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc., officially changing its name to Permian Resources Corporation in September 2022. Incorporated in 2015, its corporate headquarters are located in Midland, Texas.
Market snapshot
- Symbol
- PR
- Price
- $18.43
- Day change
- -0.70%
- Market cap
- $13.2B
- P/E ratio
- 23.05x
- 52-week range
- 11.92-22.675
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Next earnings
- in 2 months
- Analyst price target
- $24.50
Recent news
- “He's Not Done Yet!” - Oil Company Valuations Rise As Scale And Scarcity Drive Consolidation
The Iran conflict has certainly changed short term oil prices, amongst a whole lot of other things, in the past two months. Before that, however, oil prices did not send a particularly strong signal heading into 2026.
Peer companies
Recent insider activity
- Tichio Robert M. — A-Award (14778 shares) on 2026-05-19
- Marquez Aron — A-Award (14045 shares) on 2026-05-19
- GRAY STEVEN D — A-Award (22350 shares) on 2026-05-19
- Eves Karan E — A-Award (14045 shares) on 2026-05-19
- Oliphint Guy M — S-Sale (62769 shares) on 2026-05-21
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