The price-to-earnings ratio for Permian Resources Corp (NYSE: PR) is above average at 13.69x, Company’s 36-month beta value is 4.38.Analysts have differing 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 470.36M, and currently, short sellers hold a 8.37% ratio of that floaft. The average trading volume of PR on June 17, 2024 was 9.57M shares.
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PR) stock’s latest price update
Permian Resources Corp (NYSE: PR)’s stock price has gone decline by -0.92 in comparison to its previous close of 15.18, however, the company has experienced a -1.96% decrease in its stock price over the last five trading days. ndtv.com reported 2024-06-10 that An Indian-origin man from Punjab’s Ludhiana was shot dead in Canada’s Surrey on Friday. The victim, Yuvraj Goyal, arrived in Canada in 2019 on a student visa and had recently received his Canadian Permanent Resident (PR) status..
PR’s Market Performance
PR’s stock has fallen by -1.96% in the past week, with a monthly drop of -9.44% and a quarterly drop of -7.95%. The volatility ratio for the week is 3.99% while the volatility levels for the last 30 days are 2.74% for Permian Resources Corp The simple moving average for the past 20 days is -4.77% for PR’s stock, with a 2.78% simple moving average for the past 200 days.
Analysts’ Opinion of PR
Many brokerage firms have already submitted their reports for PR stocks, with BofA Securities repeating the rating for PR by listing it as a “Buy.” The predicted price for PR in the upcoming period, according to BofA Securities is $20 based on the research report published on June 14, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PR reach a price target of $24. The rating they have provided for PR stocks is “Strong Buy” according to the report published on April 09th, 2024.
BofA Securities gave a rating of “Neutral” to PR, setting the target price at $15 in the report published on January 05th of the current year.
PR Trading at -9.45% 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 -17.02% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares sank -7.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.12% lower at present.
During the last 5 trading sessions, PR fell by -1.96%, which changed the moving average for the period of 200-days by +9.38% in comparison to the 20-day moving average, which settled at $15.75. In addition, Permian Resources Corp saw 12.24% 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 Quinn William J, who sale 22,500,000 shares at the price of $16.47 back on May 15 ’24. After this action, Quinn William J now owns 0 shares of Permian Resources Corp, valued at $370,575,000 using the latest closing price.
EnCap Partners GP, LLC, the 10% Owner of Permian Resources Corp, sale 10,000,000 shares at $16.42 during a trade that took place back on May 15 ’24, which means that EnCap Partners GP, LLC is holding 21,532,613 shares at $164,200,000 based on the most recent closing price.
Stock Fundamentals for PR
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.46 for the gross margin
The net margin for Permian Resources Corp stands at 0.14. The total capital return value is set at 0.1. Equity return is now at value 10.26, with 4.39 for asset returns.
Based on Permian Resources Corp (PR), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 6.76.
Currently, EBITDA for the company is 2.24 billion with net debt to EBITDA at 1.5. When we switch over and look at the enterprise to sales, we see a ratio of 4.17. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In a nutshell, Permian Resources Corp (PR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
