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

Permian Resources

08/05/2024 12:23

* Permian Resources Corp  PR.N  reported quarterly adjusted
earnings of 42 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of
eighteen analysts for the quarter was for earnings of 37 cents
per share. Wall Street expected results to range from 16 cents
to 45 cents per share.
    * Revenue rose 101.7% to $1.24 billion from a year ago;
analysts
expected $1.20 billion. 
    * Permian Resources Corp's reported EPS for the quarter was
25
cents​.
    * The company reported quarterly net income of $146.58
million.
    * Permian Resources Corp shares had fallen by 0.6% this
quarter and gained 29.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.3%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 3
"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 $20.00 
This summary was machine generated from LSEG data May 8 at 11:23
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
 Mar. 31 2024      0.37           0.42           Beat
 Dec. 31 2023      0.33           0.51           Beat
 Sep. 30 2023      0.38           0.13           Missed
 Jun. 30 2023      0.32           0.21           Missed