Professional
Added to YB: 2025-03-31
Pitch date: 2025-03-26
PR [bullish]
Permian Resources Corporation
+5.87%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$10.2B
Pitch Price
$13.79
Price Target
23.00 (+58%)
Dividend
4.40%
EV/EBITDA
3.54
P/E
12.15
EV/Sales
2.89
Sector
Oil, Gas and Consumable Fuels
Category
growth
Permian Resources Corporation: Raymond James Stays Bullish with $23 PT
PR Strong Buy: Raymond James reiterates $23 PT. Q4 beat Street 3% on production, 4% on EBITDA. FY25 spend $2B, production ~372 mboe/d. $180M Barilla Draw divestiture closed. 9% FCF growth expected in 2025. Trades at ~3.7x FY25 EV/EBITDA. Top pick for RJ.
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