Permian Resources Corp (NYSE: PR) is 14.06% higher on its value in year-to-date trading and has touched a low of $12.04 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 $15.16 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $15.13, the stock is 5.23% and 7.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.97 million and changing -0.20% at the moment leaves the stock -0.46% off its SMA200. PR registered 16.99% gain for a year compared to 6-month loss of -5.59%. The firm has a 50-day simple moving average (SMA 50) of $14.0738 and a 200-day simple moving average (SMA200) of $15.3582.
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The stock witnessed a 9.08% gain in the last 1 month and extending the period to 3 months gives it a 6.70%, and is -0.39% 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 2.64% over the week and 2.42% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $12.15B and $4.83B in sales. Current P/E ratio is 9.20 and Fwd P/E is 10.11. Profit margin for the company is 21.28%. Distance from 52-week low is 25.71% and -15.67% from its 52-week high. The company has generated returns on investments over the last 12 months (7.75%).
with sales reaching $1.31B over the same period.The EPS is expected to grow by 17.82% this year, but quarterly earnings will post 61.76% year-over-year. Quarterly sales are estimated to grow 17.05% in year-over-year returns.
Permian Resources Corp (PR) Top Institutional Holders
632.0 institutions hold shares in Permian Resources Corp (PR), with institutional investors hold 97.39% of the company’s shares. The shares outstanding are 540.79M, and float is at 538.55M with Short Float at 5.89%. Institutions hold 96.35% 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
The most recent transaction is an insider purchase by Quinn William J, the company’s Director. SEC filings show that Quinn William J bought 250,000 shares of the company’s common stock on Sep 10 ’24 at a price of $12.80 per share for a total of $3.2 million. Following the purchase, the insider now owns 0.25 million shares.
Permian Resources Corp disclosed in a document filed with the SEC on Sep 11 ’24 that Quinn William J (Director) bought a total of 62,429 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $12.73 per share for $0.79 million. Following the transaction, the insider now directly holds 0.31 million shares of the PR stock.
Still, SEC filings show that on Sep 03 ’24, Shannon Robert Regan (EVP, Chief Accounting Officer) disposed off 4,822 shares at an average price of $13.93 for $67179.0. The insider now directly holds 61,399 shares of Permian Resources Corp (PR).
