An update from Permian Resources (PR) is now available.
Permian Resources Corporation has launched a public offering of Class A common stock held by some of its shareholders. The Co-CEOs, James Walter and Will Hickey, plan to sell a minor portion of their shares, less than 20% of their total holdings, for personal financial reasons, but will retain substantial investment in the company. Post-offering, they will maintain over 2% ownership and continue to align their interests with shareholders by taking compensation in equity. Together, the management will own around 6.7% of the company, valued over $800 million.
For an in-depth examination of PR stock, go to TipRanks’ Stock Analysis page.