Permian Resources Corporation (PR): What Does Valuation Ratios Tell Us?

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Permian Resources Corporation (NYSE:PR) saw an upside of 1.61% to close Monday at $10.71 after adding $0.17 on the day. The 5-day average trading volume is 5,794,160 shares of the company’s common stock. It has gained $10.94 in the past week and touched a new high 5 times within the past 5 days. An average of 5,787,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,954,474.

PR’s 1-month performance is 21.70% or $1.33 on its low of $8.43 reached on 01/04/23. The company’s shares have touched a 52-week low of $5.08 and high of $11.43, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, PR has achieved 13.94% or $1.31 and has reached a new high 9 times. However, the current price is down -6.30% from the 52-week high price.


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Insider Transactions

PR stock investors last saw insider trading activity on Nov 04.Garrison Matthew R. (EVP, Chief Operating Officer) most recently sold 40,000 shares at $11.01 per share on Nov 04. This transaction cost the insider $440,320. EVP, Chief Operating Officer, Garrison Matthew R., sold 40,000 shares at a price of $10.00 on Oct 27. Then, on Oct 21, SVP, Chief Accounting Officer Jensen Brent P sold 70,000 shares at a price of $9.50 per share. This transaction amounted to $665,000.

Valuation Metrics

PR stock has a beta of 4.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.52 while the price-to-book (PB) in the most recent quarter is 1.09, with the price to cash flow ratio at 5.75.

Permian Resources Corporation’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.82, while the total debt to equity was 0.82. In terms of profitability, the gross margin trailing 12 months is 85.20%. The firm’s gross profit as reported stood at $770.44 million against revenue of $1.03 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 83.46% to $224.36 million, while revenue of $191.83 million was 14.5% off the previous quarter. Analysts expected PR to announce $0.45 per share in earnings in its latest quarter, but it posted $0.6, representing a 33.30% surprise. EBITDA for the quarter stood at more than $339.89 million. PR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.09 billion, with total debt at $858.7 million. Shareholders hold equity totaling $557.8 million.

Let’s look briefly at Permian Resources Corporation (PR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 78.10% to suggest the stock is trending Overbought, with historical volatility in this time period at 18.39%.

The stock’s 5-day moving average is $10.39, reflecting a +6.89% or $0.69 change from its current price. PR is currently trading +16.79% above its 20-day SMA, +23.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.74% and SMA200 by+23.53%.

Stochastic %K and %D was 94.03% and 91.45% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 68.41%, while the 14-day stochastic is at 90.84% with the period’s ATR at 0.45. The stock’s 9-day MACD Oscillator is pointing at 0.58 and 1.03 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Permian Resources Corporation (NYSE: PR), Mizuho launched coverage with a Neutral rating.

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