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.
Analyst Perspectives | Discover varied price targets ranging from $16 to $20, reflecting PR's potential amid market volatility and strategic growth initiatives |
Operational Resilience | Learn how PR's low break-even costs and efficiency measures provide a competitive edge, enabling profitability even in challenging market conditions |
Acquisition-Driven Growth | Delve into PR's $608 million asset acquisition in Eddy County, enhancing inventory quality and operational synergies in the Delaware Permian basin |
Delaware Dominance | Explore Permian Resources' strategic positioning as the largest pure-play Delaware E&P company, leveraging expertise in one of the most productive U.S. oil regions |
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 | 3.2x | 4.9x | |
PEG Ratio | 0.20 | 0.00 | 0.00 | |
Price / Book | 1.1x | 0.4x | 1.1x | |
Price / LTM Sales | 2.1x | 0.5x | 1.1x | |
Upside (Analyst Target) | 32.8% | 29.8% | 25.4% | |
Fair Value Upside | Unlock | 12.3% | 9.2% | Unlock |