Permian Resources Corp (NYSE: PR) is 12.69% higher on its value in year-to-date trading and has touched a low of $11.85 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 $14.67 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $15.10, the stock is 1.03% and -2.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.99 million and changing 2.93% at the moment leaves the stock 0.72% off its SMA200. PR registered 26.72% gain for a year compared to 6-month gain of 9.16%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -7.98% loss in the last 1 month and extending the period to 3 months gives it a -9.07%, and is 3.92% up 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 2.01% over the week and 3.40% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $10.60B and $4.37B in sales. Current P/E ratio is 12.12 and Fwd P/E is 8.42. Profit margin for the company is 15.68%. Distance from 52-week low is 27.40% and -16.68% from its 52-week high. The company has generated returns on investments over the last 12 months (5.57%).
with sales reaching $1.3B over the same period.The EPS is expected to grow by 25.01% this year, but quarterly earnings will post 65.40% year-over-year. Quarterly sales are estimated to grow 71.60% in year-over-year returns.
598.0 institutions hold shares in Permian Resources Corp (PR), with institutional investors hold 91.40% of the company’s shares. The shares outstanding are 540.79M, and float is at 523.32M with Short Float at 5.58%. Institutions hold 90.42% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 57.32 million shares valued at $$1.01 billion. The investor’s holdings represent 10.3753 of the PR Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 53.75 million shares valued at $$949.19 million to account for 9.7286 of the shares outstanding. The other top investors are RIVERSTONE HOLDINGS LLC which holds 44.99 million shares representing 8.1428 and valued at over $$794.47 million, while ENCAP ENERGY CAPITAL FUND XI, L.P. holds 4.1315 of the shares totaling 22.83 million with a market value of $$403.09 million.
Permian Resources Corp (PR) Insider Activity
The most recent transaction is an insider sale by Tepper Jeffrey, the company’s Director. SEC filings show that Tepper Jeffrey sold 65,000 shares of the company’s common stock on May 15 ’24 at a price of $16.42 per share for a total of $1.07 million. Following the sale, the insider now owns 0.16 million 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, Quinn William J (Director) disposed off 22,500,000 shares at an average price of $16.47 for $370.57 million. The insider now directly holds 0 shares of Permian Resources Corp (PR).
