We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Exploring Analyst Estimates for Permian Resources (PR) Q2 Earnings, Beyond Revenue and EPS
Read MoreHide Full Article
Analysts on Wall Street project that Permian Resources (PR - Free Report) will announce quarterly earnings of $0.27 per share in its forthcoming report, representing a decline of 30.8% year over year. Revenues are projected to reach $1.23 billion, declining 1.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 15.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Permian Resources metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Average daily net production - Total' of 376103 barrels of oil equivalent per day. Compared to the present estimate, the company reported 338761 barrels of oil equivalent per day in the same quarter last year.
The combined assessment of analysts suggests that 'Average daily net production - Natural gas' will likely reach 673266 thousands of cubic feet per day. The estimate compares to the year-ago value of 606856 thousands of cubic feet per day.
The consensus estimate for 'Average daily net production - NGL' stands at 88131 barrels of oil per day. Compared to the current estimate, the company reported 84736 barrels of oil per day in the same quarter of the previous year.
Analysts forecast 'Average daily net production - Oil' to reach 175688 barrels of oil per day. Compared to the present estimate, the company reported 152883 barrels of oil per day in the same quarter last year.
It is projected by analysts that the 'Average sales prices - Oil - Including Derivative Cash Settlements' will reach $65.74 . The estimate compares to the year-ago value of $78.99 .
Analysts expect 'Average sales prices - Oil - Excluding the effects of hedging' to come in at $63.12 . The estimate is in contrast to the year-ago figure of $80.10 .
According to the collective judgment of analysts, 'Average sales prices - NGL - Excluding the effects of GP&T' should come in at $17.79 . Compared to the present estimate, the company reported $22.51 in the same quarter last year.
Shares of Permian Resources have experienced a change of -0.6% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Exploring Analyst Estimates for Permian Resources (PR) Q2 Earnings, Beyond Revenue and EPS
Analysts on Wall Street project that Permian Resources (PR - Free Report) will announce quarterly earnings of $0.27 per share in its forthcoming report, representing a decline of 30.8% year over year. Revenues are projected to reach $1.23 billion, declining 1.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 15.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Permian Resources metrics that are commonly monitored and projected by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Average daily net production - Total' of 376103 barrels of oil equivalent per day. Compared to the present estimate, the company reported 338761 barrels of oil equivalent per day in the same quarter last year.
The combined assessment of analysts suggests that 'Average daily net production - Natural gas' will likely reach 673266 thousands of cubic feet per day. The estimate compares to the year-ago value of 606856 thousands of cubic feet per day.
The consensus estimate for 'Average daily net production - NGL' stands at 88131 barrels of oil per day. Compared to the current estimate, the company reported 84736 barrels of oil per day in the same quarter of the previous year.
Analysts forecast 'Average daily net production - Oil' to reach 175688 barrels of oil per day. Compared to the present estimate, the company reported 152883 barrels of oil per day in the same quarter last year.
It is projected by analysts that the 'Average sales prices - Oil - Including Derivative Cash Settlements' will reach $65.74 . The estimate compares to the year-ago value of $78.99 .
Analysts expect 'Average sales prices - Oil - Excluding the effects of hedging' to come in at $63.12 . The estimate is in contrast to the year-ago figure of $80.10 .
According to the collective judgment of analysts, 'Average sales prices - NGL - Excluding the effects of GP&T' should come in at $17.79 . Compared to the present estimate, the company reported $22.51 in the same quarter last year.
View all Key Company Metrics for Permian Resources here>>>Shares of Permian Resources have experienced a change of -0.6% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .