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Are we looking at the next big move in Permian Resources Corp (PR)?

Permian Resources Corp (NYSE: PR) is 19.48% higher on its value in year-to-date trading and has touched a low of $10.33 and a high of $18.12 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 $16.20 in the last trading session, with the day’s loss setting it -0.19%.

Currently trading at $16.01, the stock is 1.69% and -0.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.99 million and changing -1.17% at the moment leaves the stock 8.28% off its SMA200. PR registered 50.08% gain for a year compared to 6-month gain of 20.45%.

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The stock witnessed a 3.42% loss in the last 1 month and extending the period to 3 months gives it a -9.18%, and is -0.56% 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 2.70% over the week and 2.80% over the month.

Permian Resources Corp (PR) has around 461 employees, a market worth around $9.32B and $3.75B in sales. Current P/E ratio is 14.57 and Fwd P/E is 8.53. Profit margin for the company is 13.93%. Distance from 52-week low is 54.97% and -11.66% from its 52-week high. The company has generated returns on investments over the last 12 months (4.77%).

The EPS is expected to grow by 33.47% this year.

Permian Resources Corp (PR) Top Institutional Holders

The shares outstanding are 540.79M, and float is at 470.36M with Short Float at 8.60%.

Permian Resources Corp (PR) Insider Activity

The most recent transaction is an insider sale by Quinn William J,the company’sDirector. SEC filings show that Quinn William J sold 22,500,000 shares of the company’s common stock on May 15 ’24 at a price of $16.47 per share for a total of $370.57 million. Following the sale, the insider now owns 0.0 shares.

Permian Resources Corp disclosed in a document filed with the SEC on May 15 ’24 that EnCap Partners GP, LLC (10% Owner) sold a total of 10,000,000 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $16.42 per share for $164.2 million. Following the transaction, the insider now directly holds 21.53 million shares of the PR stock.

Still, SEC filings show that on May 15 ’24, Tepper Jeffrey (Director) disposed off 65,000 shares at an average price of $16.42 for $1.07 million. The insider now directly holds 158,665 shares of Permian Resources Corp (PR).

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