Permian Resources Announces Public Offering of Shares

An announcement from Permian Resources ( (PR) ) is now available.

On September 15, 2025, Permian Resources Corporation announced the commencement of an underwritten public offering of 46,112,899 shares of its Class A Common Stock by certain affiliates of Pearl Energy Investments and Riverstone Investment Group LLC. The company will not receive any proceeds from this offering. The offering is expected to close around September 16, 2025, and is subject to customary closing conditions. Concurrently, Permian Resources plans to purchase 2,000,000 common units from the selling stockholders, which is conditioned upon the completion of the offering. This move is part of the company’s strategy to optimize its operations and strengthen its market position in the oil and natural gas industry.

The most recent analyst rating on (PR) stock is a Buy with a $19.00 price target. To see the full list of analyst forecasts on Permian Resources stock, see the PR Stock Forecast page.

Spark’s Take on PR Stock

According to Spark, TipRanks’ AI Analyst, PR is a Outperform.

Permian Resources’ strong earnings call performance and attractive valuation are key strengths, offsetting challenges in revenue growth and free cash flow. Technical indicators suggest a neutral market position, while the company’s strategic initiatives and financial stability support a positive outlook.

To see Spark’s full report on PR stock, click here.

More about Permian Resources

Headquartered in Midland, Texas, Permian Resources is an independent oil and natural gas company focused on peer-leading returns through the acquisition, optimization, and development of high-return oil and natural gas properties. Permian Resources’ assets are located in the Permian Basin, with a concentration in the core of the Delaware Basin.

Average Trading Volume: 11,220,427

Technical Sentiment Signal: Hold

Current Market Cap: $10.62B

See more insights into PR stock on TipRanks’ Stock Analysis page.