Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas.
Delaware Dominance | Permian Resources emerges as a leader in the Delaware Basin, with over 400,000 net acres and a strategic focus on consolidation and operational efficiency |
Financial Fortitude | Explore PR's impressive financial performance, including 75% revenue growth, 76% gross profit margin, and a "GREAT" Financial Health score of 3.33 |
Acquisition Acumen | Delve into PR's successful acquisition strategy, driving growth and synergies while maintaining a strong balance sheet with a net debt to EBITDAX ratio around 1.0x |
Future Prospects | Analysts project EPS of $1.77 for 2024, with price targets ranging from $18 to $21, reflecting optimism about PR's growth potential and shareholder returns |
Metrics to compare | PR | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipPRPeersSector | |
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P/E Ratio | 8.1x | 3.1x | 4.9x | |
PEG Ratio | 0.21 | 0.00 | 0.00 | |
Price/Book | 1.2x | 0.4x | 1.1x | |
Price / LTM Sales | 2.1x | 0.5x | 1.1x | |
Upside (Analyst Target) | 31.5% | 37.1% | 26.9% | |
Fair Value Upside | Unlock | 25.6% | 10.4% | Unlock |