Permian Resources Announces Public Offering of Shares
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Permian Resources Corporation announced a public offering of 46,112,899 shares of its Class A Common Stock, led by affiliates of Pearl Energy Investments and Riverstone Investment Group LLC. The offering, expected to close on September 16, 2025, will not yield proceeds for the company. Concurrently, Permian Resources plans to buy 2,000,000 common units from the selling stockholders. Analysts rate PR stock as a Buy with a $19.00 price target, citing strong earnings and attractive valuation despite challenges in revenue growth.
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