Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related 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 West Texas, Eddy County, Lea County, and 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.
Operational Excellence | Permian Resources excels in cost reduction and efficiency, boosting well completions by 6% without increasing capital budget, signaling strong operational prowess |
M&A Mastery | Discover how PR's strategic acquisitions, particularly the ESTE merger, have surpassed synergy expectations and positioned the company as a dominant player in the Delaware Basin |
Financial Fortitude | Analysts project PR's adjusted EBITDAX for 2024 and 2025 to exceed market estimates by 5% and 9%, respectively, with price targets ranging from $17 to $21 |
Future-Focused Strategy | Explore PR's potential for increasing shareholder returns, with projections of capital return yield rising from 4.6% in FY24 to 7.8% in FY25, backed by operational improvements |
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 | 10.4x | 9.5x | 4.7x | |
PEG Ratio | 0.13 | −0.30 | 0.00 | |
Price/Book | 1.4x | 1.7x | 1.1x | |
Price / LTM Sales | 2.5x | 3.4x | 1.2x | |
Upside (Analyst Target) | 21.8% | 27.4% | 30.3% | |
Fair Value Upside | Unlock | 6.4% | 9.5% | Unlock |