Permian Resources Corporation (PR) is up 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broader move in energy shares as crude prices climbed on renewed supply concerns in the Middle East. PR also appears to be benefiting from continued follow-through after its recent second-quarter update, which included higher 2026 oil production guidance, recent bolt-on acquisitions, and lower expected interest expense.

Details:

  • Crude prices moved higher on August 20, which generally supports exploration and production names because stronger oil prices can improve cash flow expectations.
  • On August 5, the company raised its 2026 oil production target to 199.0 MBbls/d at the midpoint and said the increase was driven by higher working interest, workovers, and production from the Ward County bolt-on.
  • The company said it closed a $520 million Ward County acquisition on July 31, adding production and helping support expectations for more than 200 MBbls/d of oil output in the second half of 2026.
  • Management also highlighted debt reduction, including redemption of legacy notes that the company said should lower annual cash interest expense by about $75 million.

    • Sources:

    Permian Resources, SEC, AP, Oil & Gas Journal

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $PR Insider Trading Activity

    PR Insider Trades

    $PR insiders have traded $PR stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

    Here’s a breakdown of recent trading of $PR stock by insiders over the last 6 months:

    • WILLIAM J QUINN has made 0 purchases and 2 sales selling 1,312,429 shares for an estimated $25,360,324.
    • WILLIAM M III HICKEY (Co-Chief Executive Officer) sold 898,423 shares for an estimated $16,512,835
    • JAMES H WALTER (Co-Chief Executive Officer) sold 673,425 shares for an estimated $12,377,416
    • JOHN CHARLES BELL (EVP, General Counsel) has made 0 purchases and 3 sales selling 162,513 shares for an estimated $2,989,421.
    • GUY M OLIPHINT (EVP, Chief Financial Officer) has made 0 purchases and 3 sales selling 74,180 shares for an estimated $1,494,186.
    • JEFFREY TEPPER sold 50,000 shares for an estimated $968,750
    • ARON MARQUEZ has made 0 purchases and 2 sales selling 13,000 shares for an estimated $254,800.
    • ROBERT REGAN SHANNON (EVP, Chief Accounting Officer) has made 0 purchases and 2 sales selling 8,865 shares for an estimated $163,691.
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    To track insider transactions, check out Quiver Quantitative’s insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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    $PR Hedge Fund Activity

    We have seen 344 institutional investors add shares of $PR stock to their portfolio, and 297 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds’ stock portfolios, check out Quiver Quantitative’s institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $PR Price Targets

    Multiple analysts have issued price targets for $PR recently. We have seen 15 analysts offer price targets for $PR in the last 6 months, with a median target of $25.0.

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    Here are some recent targets:

    • Devin McDermott from Morgan Stanley set a target price of $24.0 on 06/29/2026
    • Chris Baker from Evercore ISI Group set a target price of $25.0 on 06/23/2026
    • John Freeman from Raymond James set a target price of $26.0 on 06/17/2026
    • Nitin Kumar from Mizuho set a target price of $27.0 on 05/27/2026
    • Betty Zhang from Scotiabank set a target price of $25.0 on 04/22/2026
    • Gabe Daoud from Truist Securities set a target price of $25.0 on 04/14/2026
    • Hanwen Chang from Wells Fargo set a target price of $27.0 on 04/10/2026

    This article is not financial advice. See Quiver Quantitative’s disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.


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