Permian Resources Corp (NYSE: PR) is 7.65% higher on its value in year-to-date trading and has touched a low of $12.28 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 $15.39 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $15.48, the stock is 7.38% and 4.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.49 million and changing 0.58% at the moment leaves the stock 2.20% off its SMA200. PR registered 19.88% gain for a year compared to 6-month loss of -6.19%. The firm has a 50-day simple moving average (SMA 50) of $14.7388 and a 200-day simple moving average (SMA200) of $15.26085.
The stock witnessed a 3.06% gain in the last 1 month and extending the period to 3 months gives it a 6.61%, and is 3.61% 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 2.72% over the week and 2.75% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $12.44B and $4.83B in sales. Current P/E ratio is 9.41 and Fwd P/E is 10.39. Profit margin for the company is 21.28%. Distance from 52-week low is 26.06% and -13.72% 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 19.42% this year, but quarterly earnings will post 61.43% year-over-year. Quarterly sales are estimated to grow 17.06% in year-over-year returns.
Permian Resources Corp (PR) Top Institutional Holders
645.0 institutions hold shares in Permian Resources Corp (PR), with institutional investors hold 97.70% of the company’s shares. The shares outstanding are 702.89M, and float is at 538.81M with Short Float at 6.31%. Institutions hold 96.65% 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 sale by Oliphint Guy M, the company’s EVP, Chief Financial Officer. SEC filings show that Oliphint Guy M sold 8,761 shares of the company’s common stock on Jan 03 ’25 at a price of $15.30 per share for a total of $0.13 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on Sep 10 ’24, Quinn William J (Director) acquired 250,000 shares at an average price of $12.80 for $3.2 million. The insider now directly holds 250,000 shares of Permian Resources Corp (PR).
