The price-to-earnings ratio for Permian Resources Corp (NYSE: PR) is above average at 10.83x. The 36-month beta value for PR is also noteworthy at 4.35. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for PR is 535.07M, and at present, short sellers hold a 5.92% of that float. The average trading volume of PR on September 16, 2024 was 10.73M shares.
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PR) stock’s latest price update
The stock price of Permian Resources Corp (NYSE: PR) has surged by 2.51 when compared to previous closing price of 13.16, but the company has seen a 1.81% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-08 that Permian Resources has experienced rapid growth through accretive acquisitions. Management has found acquisitions that can be significantly improved post-acquisition. The latest proposed acquisition (from Occidental) combines several holdings into one large, efficient, and profitable position, making it one of the best deals of its kind.
PR’s Market Performance
Permian Resources Corp (PR) has seen a 1.81% rise in stock performance for the week, with a -7.11% decline in the past month and a -10.23% plunge in the past quarter. The volatility ratio for the week is 3.04%, and the volatility levels for the past 30 days are at 2.57% for PR. The simple moving average for the past 20 days is -3.52% for PR’s stock, with a -9.51% simple moving average for the past 200 days.
Analysts’ Opinion of PR
BMO Capital Markets, on the other hand, stated in their research note that they expect to see PR reach a price target of $21. The rating they have provided for PR stocks is “Outperform” according to the report published on July 03rd, 2024.
BofA Securities gave a rating of “Buy” to PR, setting the target price at $20 in the report published on June 14th of the current year.
PR Trading at -8.57% 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 -24.81% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 3.04%, as shares sank -10.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.65% lower at present.
During the last 5 trading sessions, PR rose by +1.81%, which changed the moving average for the period of 200-days by +4.17% in comparison to the 20-day moving average, which settled at $13.92. In addition, Permian Resources Corp saw 1.70% 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 purchase 250,000 shares at the price of $12.80 back on Sep 10 ’24. After this action, Quinn William J now owns 250,000 shares of Permian Resources Corp, valued at $3,199,875 using the latest closing price.
Quinn William J, the Director of Permian Resources Corp, purchase 62,429 shares at $12.73 during a trade that took place back on Sep 11 ’24, which means that Quinn William J is holding 312,429 shares at $794,946 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
- 0.45 for the gross margin
The net margin for Permian Resources Corp stands at 0.16. The total capital return value is set at 0.12. Equity return is now at value 11.76, with 5.63 for asset returns.
Based on Permian Resources Corp (PR), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.74. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 6.96.
Currently, EBITDA for the company is 2.24 billion with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The receivables turnover for the company is 8.77for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In summary, Permian Resources Corp (PR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
