Permian Resources Corp (NYSE: PR) is 27.12% higher on its value in year-to-date trading and has touched a low of $8.80 and a high of $18.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PR stock was last observed hovering at around $17.17 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $17.18, the stock is -2.29% and 5.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.85 million and changing 0.06% at the moment leaves the stock 23.69% off its SMA200. PR registered 68.21% gain for a year compared to 6-month gain of 15.50%.
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The stock witnessed a 0.17% loss in the last 1 month and extending the period to 3 months gives it a 30.38%, and is -2.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.40% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $9.29B and $3.12B in sales. Current P/E ratio is 14.83 and Fwd P/E is 9.39. Profit margin for the company is 15.26%. Distance from 52-week low is 95.22% and -6.02% from its 52-week high. The company has generated returns on investments over the last 12 months (4.66%).
The EPS is expected to grow by 32.01% this year.
Permian Resources Corp (PR) Top Institutional Holders
The shares outstanding are 540.79M, and float is at 419.36M with Short Float at 9.81%.
Permian Resources Corp (PR) Insider Activity
The most recent transaction is an insider sale by EnCap Partners GP, LLC,the company’s10% Owner. SEC filings show that EnCap Partners GP, LLC sold 9,000,000 shares of the company’s common stock on Mar 06 ’24 at a price of $15.71 per share for a total of $141.39 million. Following the sale, the insider now owns 25.48 million shares.
Permian Resources Corp disclosed in a document filed with the SEC on Mar 06 ’24 that Hickey William M III (Co-Chief Executive Officer) sold a total of 4,000,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $15.71 per share for $62.84 million. Following the transaction, the insider now directly holds 0.0 shares of the PR stock.
Still, SEC filings show that on Mar 06 ’24, Walter James H (Co-Chief Executive Officer) disposed off 4,000,000 shares at an average price of $15.71 for $62.84 million. The insider now directly holds 0 shares of Permian Resources Corp (PR).
