Permian Resources Corp reports results for the quarter ended in June - Earnings Summary

Permian Resources

07/08/2024 05:59

* Permian Resources Corp  PR.N  reported quarterly adjusted
earnings of 36 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 21 cents.  The mean expectation of
nineteen analysts for the quarter was for earnings of 38 cents
per share. Wall Street expected results to range from 26 cents
to 49 cents per share.
    * Revenue rose 99.9% to $1.25 billion from a year ago;
analysts
expected $1.24 billion. 
    * Permian Resources Corp's reported EPS for the quarter was
36
cents​.
    * The company reported quarterly net income of $235.1
million.
    * Permian Resources Corp shares had fallen by 16.8% this
quarter and lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, twelve analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Permian Resources
Corp is $21.00 
This summary was machine generated from LSEG data August 7 at
04:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.38           0.36           Missed
 Mar. 31 2024      0.37           0.25           Missed
 Dec. 31 2023      0.33           0.51           Beat
 Sep. 30 2023      0.38           0.13           Missed