The stock of Permian Resources Corp (PR) has seen a -2.46% decrease in the past week, with a -0.22% drop in the past month, and a -10.58% decrease in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.70% for PR. The simple moving average for the past 20 days is -1.36% for PR’s stock, with a -7.87% simple moving average for the past 200 days.
Is It Worth Investing in Permian Resources Corp (NYSE: PR) Right Now?
Permian Resources Corp (NYSE: PR) has a price-to-earnings ratio that is above its average at 11.13x. The stock has a 36-month beta value of 4.35. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PR is 535.07M, and at present, short sellers hold a 6.79% of that float. On October 22, 2024, the average trading volume of PR was 10.39M shares.
PR) stock’s latest price update
The stock of Permian Resources Corp (NYSE: PR) has decreased by -1.14 when compared to last closing price of 14.03.Despite this, the company has seen a loss of -2.46% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-19 that I emphasize refocusing on my core competency in real estate and diversifying through dividend ETFs, avoiding the overvalued S&P 500. Current S&P 500 valuations are historically high, suggesting poor future returns; insider buying is low, indicating a potential downturn ahead. Market leadership is shifting from growth to dividend stocks, particularly in real estate and utilities, which have outperformed since July.
Analysts’ Opinion of PR
Many brokerage firms have already submitted their reports for PR stocks, with Goldman repeating the rating for PR by listing it as a “Buy.” The predicted price for PR in the upcoming period, according to Goldman is $19 based on the research report published on September 30, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Outperform” to PR, setting the target price at $21 in the report published on July 03rd of the current year.
PR Trading at -1.17% 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 -22.69% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.07% lower at present.
During the last 5 trading sessions, PR fell by -2.46%, which changed the moving average for the period of 200-days by +4.76% in comparison to the 20-day moving average, which settled at $14.06. In addition, Permian Resources Corp saw 4.56% 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 3.45. 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
To sum up, Permian Resources Corp (PR) has seen a bad 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.
