As Part Of Its Updated Shareholder Return Policy, Permian Resources Board Of Directors Has Also Authorized A New Share Repurchase Program Of $1B, Replacing The Existing $500M Program
Portfolio Pulse from Benzinga Newsdesk
Permian Resources has updated its shareholder return policy by authorizing a new $1 billion share repurchase program, replacing the previous $500 million program.
September 03, 2024 | 10:54 am
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POSITIVE IMPACT
Permian Resources has announced a new $1 billion share repurchase program, doubling the previous $500 million program. This move is part of an updated shareholder return policy.
The announcement of a $1 billion share repurchase program is a significant positive signal for investors, indicating confidence in the company's financial health and a commitment to returning value to shareholders. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100