Permian Resources Corp (NYSE: PR) is 2.30% higher on its value in year-to-date trading and has touched a low of $11.97 and a high of $17.94 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 $13.77 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $13.57, the stock is -5.49% and -10.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.3 million and changing -1.45% at the moment leaves the stock -8.89% off its SMA200. PR registered -3.06% loss for a year compared to 6-month loss of -10.64%.
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The stock witnessed a 2.00% gain in the last 1 month and extending the period to 3 months gives it a -9.04%, and is -5.44% 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 2.41% over the week and 2.61% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $9.52B and $4.37B in sales. Current P/E ratio is 10.89 and Fwd P/E is 7.84. Profit margin for the company is 15.68%. Distance from 52-week low is 13.36% and -24.36% 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 22.94% this year, but quarterly earnings will post 65.50% year-over-year. Quarterly sales are estimated to grow 71.50% in year-over-year returns.
603.0 institutions hold shares in Permian Resources Corp (PR), with institutional investors hold 93.04% of the company’s shares. The shares outstanding are 540.79M, and float is at 501.28M with Short Float at 5.95%. Institutions hold 92.04% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 54.34 million shares valued at $877.59 million. The investor’s holdings represent 9.8358 of the PR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 50.39 million shares valued at $813.73 million to account for 9.1201 of the shares outstanding. The other top investors are RIVERSTONE HOLDINGS LLC which holds 39.19 million shares representing 7.0932 and valued at over $632.88 million, while POST OAK ENERGY HOLDINGS, LLC holds 3.8099 of the shares totaling 21.05 million with a market value of $339.94 million.
Permian Resources Corp (PR) Insider Activity
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).
