Permian Resources Corp (NYSE: PR)’s stock price has increased by 2.09 compared to its previous closing price of 13.85. However, the company has seen a 3.97% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-30 that I review here the stocks of six quality companies that I am convinced will bring me closer to my ambitious goal of being able to fund my living expenses through dividends. Dividend growth investing is not a get-rich-quick strategy, it requires commitment and a long-term mindset. Making a New Year’s resolution is a great way to help maintain that mindset. I discuss two scenarios of hypothetical investors who start their journey in 2025. I detail the significant impact a long-term commitment – even without additional investments – can make.
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 8.60x. The stock has a 36-month beta value of 4.33. Opinions on the stock are mixed, with 12 analysts rating it as a “buy,” 6 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for PR is 538.80M, and at present, short sellers hold a 5.65% of that float. On December 31, 2024, the average trading volume of PR was 8.89M shares.
PR’s Market Performance
The stock of Permian Resources Corp (PR) has seen a 3.97% increase in the past week, with a -9.30% drop in the past month, and a 3.89% gain in the past quarter. The volatility ratio for the week is 2.26%, 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 -1.92% for PR’s stock, with a -7.09% simple moving average for the past 200 days.
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 -2.88% 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 -21.19% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -9.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.49% lower at present.
During the last 5 trading sessions, PR rose by +3.97%, which changed the moving average for the period of 200-days by -13.68% in comparison to the 20-day moving average, which settled at $14.42. In addition, Permian Resources Corp saw 6.60% 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:
- 0.37 for the present operating margin
- 0.43 for the gross margin
The net margin for Permian Resources Corp stands at 0.21. The total capital return value is set at 0.12. Equity return is now at value 16.24, with 7.96 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 0.81. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 6.21.
Currently, EBITDA for the company is 2.22 billion with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 10.99for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
To sum up, Permian Resources Corp (PR) has seen a better 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.
