Permian Resources (PR) Update - March 21

[dan_s]

I personally like to own "Aggressive Growth" companies like MTDR and PR; especially the ones that also generate enough free cash flow to pay dividends. MTDR and PR are funding their aggressive drilling programs entirely with operating cash flow.

Aggressive Growth is somewhat out of favor with the Wall Street Gang these days.

PR's year-over-year production growth:
> 56.6% in 2022
> 103.5% in 2023 < Merger with Earthstone Energy closed on 11/1/2023
> 76.9% in 2024

The midpoint of PR's 2025 production guidance is 370,000 Boepd, which would be just 7.7% YOY growth in this year. HOWEVER, this does not include bolt-on acquisition, which are likely.

I will be finishing my review of our updated profile on PR today.

Read this: https://finance.yahoo.com/news/why-growth-investors-buy-permian-164504368.html

TipRanks: "In the last 3 months, 18 ranked analysts set 12-month price targets for PR. The average price target among the analysts is $19.19." < All 18 analysts currently rate PR a BUY.