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Guy M. Oliphint, the Executive Vice President and Chief Financial Officer of Permian Resources Corp (NYSE:PR), recently sold shares of the company’s Class A Common Stock. According to a filing with the Securities and Exchange Commission, Oliphint sold a total of 4,150 shares on March 3, 2025. The shares were sold at a weighted average price of $13.9909, yielding a total transaction value of approximately $58,062. The transaction comes as the stock has experienced significant volatility, with shares down about 12% over the past week and currently trading near $12.43.
This sale was part of a mandatory "sell to cover" transaction to meet tax withholding obligations associated with the vesting of a restricted stock award. The transaction did not represent a discretionary trade by Oliphint. According to InvestingPro data, the company maintains a "GREAT" financial health score, and analysts remain bullish with a strong consensus recommendation.
Following the sale, Oliphint holds 130,467 shares of Permian Resources Corp. With the stock currently trading below its Fair Value based on InvestingPro analysis, investors can access detailed valuation metrics and 10+ additional ProTips through the comprehensive Pro Research Report available on the platform.
In other recent news, Permian Resources Corp reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.29, which fell short of the forecasted $0.35. Revenue also missed expectations, coming in at $1.3 billion against a forecast of $1.32 billion. Despite this, the company recorded record free cash flow per share for the quarter and maintained a strong liquidity position with $3 billion, including $500 million in cash. Permian Resources also announced plans to drill approximately 285 wells in 2025, projecting an 8% growth in oil production from 2024 levels.
Citi analysts revised their price target for Permian Resources stock, reducing it to $17.00 from the previous $18.00, while maintaining a Buy rating. This adjustment followed Permian Resources’ release of its fourth-quarter earnings, which showcased an adjusted cash flow of approximately $904.1 million, exceeding both consensus and Citi’s estimates. Susquehanna analyst Biju Perincheril upgraded Permian Resources’ stock rating from Neutral to Positive, raising the price target from $17.00 to $20.00, citing the company’s improved capital efficiency and valuation gap compared to peers.
These recent developments come amidst a challenging market environment for energy companies, with Permian Resources demonstrating robust operational performance and strategic capital management. The company also highlighted potential for mergers and acquisitions, further supporting its positive outlook from analysts.
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