Permian Resources Corp (NYSE: PR) is -4.94% lower on its value in year-to-date trading and has touched a low of $12.49 and a high of $17.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PR stock was last observed hovering at around $14.06 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $13.67, the stock is -5.76% and -6.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.25 million and changing -2.77% at the moment leaves the stock -7.78% off its SMA200. PR registered -6.69% loss for a year compared to 6-month gain of -3.53%.
The stock witnessed a -10.18% loss in the last 1 month and extending the period to 3 months gives it a -11.58%, and is -4.41% 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 3.36% over the week and 3.29% over the month.
Permian Resources Corp (PR) has around 461 employees, a market worth around $10.98B and $4.83B in sales. Current P/E ratio is 8.31 and Fwd P/E is 8.36. Profit margin for the company is 21.28%. Distance from 52-week low is 9.42% and -23.81% from its 52-week high. The company has generated returns on investments over the last 12 months (7.75%).
with sales reaching $1.34B over the same period.The EPS is expected to grow by 7.16% this year, but quarterly earnings will post 7.51% year-over-year. Quarterly sales are estimated to grow 8.04% in year-over-year returns.
Permian Resources Corp (PR) Top Institutional Holders
The shares outstanding are 702.89M, and float is at 538.75M with Short Float at 5.89%.
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 6.4007% and valued at over $632.88 million, while STATE STREET CORP holds 3.7583 of the shares totaling 20.76 million with a market value of $335.33 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).
