Permian Resources Corporation (NYSE:PR) finished Thursday with an addition of $0.33 to close at $9.26, an upside of 3.70 percent. An average of 4,376,540 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 5,514,070 shares traded, while the 50-day average volume stands at 5,870,120.
PR stock has decreased by -8.23% in the last month. The company shares reached their 1-month lowest point of $8.48 on 12/16/22. With the stock rallying to its 52-week high on 11/15/22, shares of the company touched a low of $5.08 and a high of $11.43 in 52 weeks. It has reached a new high 29 times so far this year and achieved 54.85% or $3.28 in price. In spite of this, the price is down -18.99% from the 52-week high.
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PR stock investors should be aware that Permian Resources Corporation (PR) stock had its last reported insider trading activity 56 days ago on Nov 04. In this transaction, the insider spent $440,320. EVP, Chief Operating Officer, Garrison Matthew R., disposed of 40,000 shares at a price of $10.00 on Oct 27. The insider now owns more than $400,000 worth of shares. Prior to that, SVP, Chief Accounting Officer Jensen Brent P went on to Sale 70,000 shares at $9.50 each on Oct 21. An amount of $665,000 was transacted.
Permian Resources Corporation (PR) has a trailing price-to-earnings (P/E) ratio of 5.05. The stock’s beta is 4.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.89, the price-to-book (PB) ratio at 0.94, and the price-to-cash flow ratio at 4.72.
The quick ratio of Permian Resources Corporation for the three months ended September 29 was 0.70, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.82 for the quarter ending September 29. Its gross profit as reported stood at $770.44 million compared to revenue of $1.03 billion.
For the three-month period that ended September 29, Permian Resources Corporation had $2.3 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $224.36 million in the quarter, while revenues of $191.83 million were grew 83.46%. The analyst consensus anticipated Permian Resources Corporation’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.7, a 55.60% surprise. For the quarter, EBITDA amounted to $339.89 million. Shareholders own equity worth $557.8 million.
From a technical analysis perspective, let’s take a brief look at Permian Resources Corporation (PR) price momentum. RSI 9-day as of the close on 29 December was 51.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.79%.
As of today, PR’s price is $9.19 +0.98% or $0.09 from its 5-day moving average. PR is currently trading -8.86% lower than its 20-day SMA and +41.59% higher than its 100-day SMA. However, the stock’s current price level is +3.81% above the SMA50 and +21.36% above the SMA200.
The stochastic %K and %D were 67.40% and 76.09%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 69.47% and the average true range at 0.48, the RSI (14) stands at 49.09%. The stock has reached 0.19 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.
The consensus rating for Permian Resources Corporation (PR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is PR’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $14.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Permian Resources Corporation (PR) stock is $12.25.