Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Permian Resources Corporation before investing.

In this article, we go over a few key elements for understanding Permian Resources Corporation’s stock price such as:

• Permian Resources Corporation’s current stock price and volume
• Why Permian Resources Corporation’s stock price changed recently
• Upgrades and downgrades for PR from analysts
• PR’s stock price momentum as measured by its relative strength

About Permian Resources Corporation (PR)

Before we jump into Permian Resources Corporation’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and associated liquids-rich natural gas reserves in the United States. The company’s assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. Its properties consist of acreage blocks in Reeves County in West Texas and Lea County in New Mexico. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. The company was incorporated in 2015 and is headquartered in Midland, Texas.

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Permian Resources Corporation’s Stock Price as of Market Close

As of August 04, 2026, 3:16 PM, CST, Permian Resources Corporation’s stock price was $20.574.

Permian Resources Corporation is down 1.56% from its previous closing price of $20.900.

During the last market session, Permian Resources Corporation’s stock traded between $20.185 and $20.750. Currently, there are approximately 812.21 million shares outstanding for Permian Resources Corporation.

Permian Resources Corporation’s price-earnings (P/E) ratio is currently at 24.3, which is high compared to the Oil, Gas & Consumable Fuels industry median of 14.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Permian Resources Corporation Stock Price History

Permian Resources Corporation’s (PR) price is currently down 3.46% so far this month.

During the month of August, Permian Resources Corporation’s stock price has reached a high of $20.990 and a low of $20.185.

Over the last year, Permian Resources Corporation has hit prices as high as $22.675 and as low as $11.920. Year to date, Permian Resources Corporation’s stock is up 46.64%.

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What Caused Permian Resources Corporation Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 03, 2026, there was 1 analyst who downgraded Permian Resources Corporation’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Permian Resources Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Permian Resources Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Permian Resources Corporation’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Permian Resources Corporation (PR) by visiting AAII Stock Evaluator.

Relative Price Strength of Permian Resources Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 03, 2026, Permian Resources Corporation has a weighted four-quarter relative price strength of 4.32%, which translates to a Momentum Score of 68 and is considered to be Strong.

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Permian Resources Corporation Stock Price: Bottom Line

As of August 4, 2026, Permian Resources Corporation’s stock price is $20.574, which is down 1.56% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Permian Resources Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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