Permian Resources (PR) was downgraded to a Hold Rating at Roth MKM

Permian Resources received a Hold rating and price target from Roth MKM analyst Leo Mariani today.

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According to TipRanks, Mariani is a top 25 analyst with an average return of 35.9% and a 72.84% success rate. Mariani covers the Energy sector, focusing on stocks such as Magnolia Oil & Gas, Sable Offshore, and Murphy Oil.

In addition to Roth MKM, Permian Resources also received a Hold from TD Cowen’s Robert Hodges in a report issued on March 26. However, yesterday, KeyBanc initiated coverage with a Buy rating on Permian Resources (NYSE: PR).

Based on Permian Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.17 billion and a net profit of $339.51 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $216.65 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PR in relation to earlier this year. Last month, William Quinn, a Director at PR sold 512,429.00 shares for a total of $10,038,484.11.