Why These Energy Stocks Are Gaining This Week

6. Permian Resources Corporation (NYSE:PR

Share Price Gains Between Apr. 16 – Apr. 23: 7.99%

Permian Resources Corporation (NYSE:PR) is an independent oil and natural gas company with operations focused in the Permian Basin, with assets concentrated in the core of the Delaware Basin.

The recent volatility in the share price of Permian Resources Corporation (NYSE:PR) reflects the ongoing challenges faced by the oil industry. The stock closed at a 52-week low of $10.36 earlier this month after the global crude oil price plunged to multi-year lows. However, the slight recovery in crude prices has helped the stock somewhat recover.

Despite some challenges in its Q4 2024, Permian Resources Corporation (NYSE:PR) declared a quarterly dividend of $0.15 per share in February. PR currently boasts a hefty dividend yield of almost 6%, putting it among the 13 Best Natural Gas and Oil Dividend Stocks To Buy.