Permian Resources Corp (NYSE: PR) has a price-to-earnings ratio that is above its average at 14.78x. and a 36-month beta value of 4.32. Opinions on the stock are mixed, with 15 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price predicted for Permian Resources Corp (PR) by analysts is $17.44, which is $4.13 above the current market price. The public float for PR is 344.42M, and at present, short sellers hold a 14.39% of that float. On November 21, 2023, the average trading volume of PR was 10.46M shares.
PR) stock’s latest price update
Permian Resources Corp (NYSE: PR)’s stock price has gone rise by 0.38 in comparison to its previous close of 13.26, however, the company has experienced a 0.17% increase in its stock price over the last five trading days. Seeking Alpha reported 2023-11-16 that Crude oil prices have corrected by approximately 18% since September, leading investors to explore opportunities for a rebound. Short-term investors may prefer crude oil-focused futures or ETFs, such as /CL or the United States Oil ETF. The United States is currently the world’s largest producer of crude oil, with the Permian Basin being a strategically important region for oil exploration and production.
PR’s Market Performance
PR’s stock has risen by 0.17% in the past week, with a monthly drop of -11.08% and a quarterly drop of -0.35%. The volatility ratio for the week is 3.22% while the volatility levels for the last 30 days are 3.63% for Permian Resources Corp. The simple moving average for the past 20 days is -4.75% for PR’s stock, with a 15.13% simple moving average for the past 200 days.
Analysts’ Opinion of PR
Many brokerage firms have already submitted their reports for PR stocks, with Wells Fargo repeating the rating for PR by listing it as a “Overweight.” The predicted price for PR in the upcoming period, according to Wells Fargo is $17 based on the research report published on November 15, 2023 of the current year 2023.
PR Trading at -4.23% from the 50-Day Moving Average
After a stumble in the market that brought PR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.60% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -10.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.00% lower at present.
During the last 5 trading sessions, PR fell by -0.37%, which changed the moving average for the period of 200-days by +30.62% in comparison to the 20-day moving average, which settled at $13.97. In addition, Permian Resources Corp saw 43.70% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PR starting from NGP XI US Holdings, L.P., who sale 24,667,500 shares at the price of $12.69 back on Sep 22. After this action, NGP XI US Holdings, L.P. now owns 0 shares of Permian Resources Corp, valued at $313,057,709 using the latest closing price.
Jensen Brent P, the SVP, Chief Accounting Officer of Permian Resources Corp, sale 8,082 shares at $14.30 during a trade that took place back on Sep 14, which means that Jensen Brent P is holding 1,266,032 shares at $115,573 based on the most recent closing price.
Stock Fundamentals for PR
Current profitability levels for the company are sitting at:
- +51.15 for the present operating margin
- +58.64 for the gross margin
The net margin for Permian Resources Corp stands at +24.17. The total capital return value is set at 19.02, while invested capital returns managed to touch 11.83. Equity return is now at value 9.38, with 3.41 for asset returns.
Based on Permian Resources Corp (PR), the company’s capital structure generated 75.34 points at debt to equity in total, while total debt to capital is 42.97. Total debt to assets is 26.05, with long-term debt to equity ratio resting at 74.33. Finally, the long-term debt to capital ratio is 42.39.
When we switch over and look at the enterprise to sales, we see a ratio of 3.22, with the company’s debt to enterprise value settled at 0.28. The receivables turnover for the company is 12.04 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
To sum up, Permian Resources Corp (PR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.