The stock of Permian Resources Corp (PR) has gone down by -1.12% for the week, with a 8.97% rise in the past month and a 34.75% rise in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are 2.28% for PR. The simple moving average for the past 20 days is 2.09% for PR’s stock, with a 29.89% simple moving average for the past 200 days.
Is It Worth Investing in Permian Resources Corp (NYSE: PR) Right Now?
The price-to-earnings ratio for Permian Resources Corp (NYSE: PR) is 15.31x, which is above its average ratio. Moreover, the 36-month beta value for PR is 4.36. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PR is 419.29M and currently, short sellers hold a 9.81% of that float. On April 15, 2024, PR’s average trading volume was 10.01M shares.
PR) stock’s latest price update
The stock of Permian Resources Corp (NYSE: PR) has decreased by -0.45 when compared to last closing price of 17.81. Despite this, the company has experienced a -1.12% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Analysts’ Opinion of PR
Many brokerage firms have already submitted their reports for PR stocks, with Raymond James repeating the rating for PR by listing it as a “Strong Buy.” The predicted price for PR in the upcoming period, according to Raymond James is $24 based on the research report published on April 09, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PR reach a price target of $15. The rating they have provided for PR stocks is “Neutral” according to the report published on January 05th, 2024.
Wells Fargo gave a rating of “Overweight” to PR, setting the target price at $17 in the report published on November 15th of the previous year.
PR Trading at 12.87% 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 -2.98% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +8.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.53% upper at present.
During the last 5 trading sessions, PR fell by -1.12%, which changed the moving average for the period of 200-days by +69.18% in comparison to the 20-day moving average, which settled at $17.43. In addition, Permian Resources Corp saw 31.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PR starting from EnCap Partners GP, LLC, who sale 9,000,000 shares at the price of $15.71 back on Mar 06 ’24. After this action, EnCap Partners GP, LLC now owns 25,477,527 shares of Permian Resources Corp, valued at $141,390,000 using the latest closing price.
Hickey William M III, the Co-Chief Executive Officer of Permian Resources Corp, sale 4,000,000 shares at $15.71 during a trade that took place back on Mar 06 ’24, which means that Hickey William M III is holding 0 shares at $62,840,000 based on the most recent closing price.
Stock Fundamentals for PR
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.5 for the gross margin
The net margin for Permian Resources Corp stands at 0.19. The total capital return value is set at 0.09. Equity return is now at value 10.27, with 4.04 for asset returns.
Based on Permian Resources Corp (PR), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 6.69.
Currently, EBITDA for the company is 2.24 billion with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 5.38. The receivables turnover for the company is 6.49for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
To wrap up, the performance of Permian Resources Corp (PR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
