Permian Resources Corp (NYSE: PR): Hunting Genuine Value In Market Debris

Currently, there are 509.33M common shares owned by the public and among those 405.29M shares have been available to trade.

Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 43,820,714 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 113,411,258 shares.

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However, the script later moved the day high at 14.18, up 4.10%. The company’s stock has a 5-day price change of 8.62% and 8.46% over the past three months. PR shares are trading 2.79% year to date (YTD), with the 12-month market performance up to 42.88% higher. It has a 12-month low price of $8.86 and touched a high of $15.41 over the same period. PR has an average intraday trading volume of 1.51 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.03%, 5.25%, and 13.01% respectively.

Institutional ownership of Permian Resources Corp (NYSE: PR) shares accounts for 68.48% of the company’s 509.33M shares outstanding.

It has a market capitalization of $7.12B and a beta (3y monthly) value of 4.35. The stock’s trailing 12-month PE ratio is 15.52, while the earnings-per-share (ttm) stands at $0.90. The company has a PEG of 1.19 and a Quick Ratio of 0.74 with the debt-to-equity ratio at 0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 3.03% over the month.

Analysts forecast that Permian Resources Corp (PR) will achieve an EPS of $0.32 for the current quarter, $0.34 for the next quarter and $1.46 for 2024. The lowest estimate earnings-per-share for the quarter is $0.15 while analysts give the company a high EPS estimate of $0.54. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.41%, and 34.44% over the next financial year. EPS should shrink at an annualized rate of 13.00% over the next five years, compared to 38.19% over the past 5-year period.

Looking at the support for the PR, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on January 05, 2024, with the firm’s price target at $15.

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