Currently, there are 540.79M common shares owned by the public and among those 470.36M shares have been available to trade.
The company’s stock has a 5-day price change of 0.50% and -8.64% over the past three months. PR shares are trading 19.78% year to date (YTD), with the 12-month market performance up to 51.99% higher. It has a 12-month low price of $10.06 and touched a high of $18.12 over the same period. PR has an average intraday trading volume of 10.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.41%, -0.70%, and 8.76% respectively.
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Institutional ownership of Permian Resources Corp (NYSE: PR) shares accounts for 81.91% of the company’s 540.79M shares outstanding.
It has a market capitalization of $9.35B and a beta (3y monthly) value of 4.38. The stock’s trailing 12-month PE ratio is 14.61, while the earnings-per-share (ttm) stands at $1.10. The company has a PEG of 1.01 and a Quick Ratio of 0.55 with the debt-to-equity ratio at 0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.92% over the week and 2.81% over the month.
Earnings per share for the fiscal year are expected to increase by 33.95%, and 12.73% over the next financial year. EPS should grow at an annualized rate of 14.40% over the next five years, compared to 10.57% over the past 5-year period.
Looking at the support for the PR, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on July 03, 2024, with the firm’s price target at $21. BofA Securities coverage for the Permian Resources Corp (PR) stock in a research note released on June 14, 2024 offered a Buy rating with a price target of $20. Raymond James was of a view on April 09, 2024 that the stock is Strong Buy, while BofA Securities gave the stock Neutral rating on January 05, 2024, issuing a price target of $15. Wells Fargo on their part issued Overweight rating on November 15, 2023.
