Look At Analyst Expectations For A Better Read On Permian Resources Corp (NYSE: PR)

Currently, there are 540.79M common shares owned by the public and among those 535.07M shares have been available to trade.

The company’s stock has a 5-day price change of 8.81% and -8.33% over the past three months. PR shares are trading 10.82% year to date (YTD), with the 12-month market performance up to 20.27% higher. It has a 12-month low price of $11.97 and touched a high of $17.94 over the same period. PR has an average intraday trading volume of 10.18 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 7.82%, 4.36%, and -1.96% respectively.

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Institutional ownership of Permian Resources Corp (NYSE: PR) shares accounts for 75.79% of the company’s 540.79M shares outstanding.

It has a market capitalization of $10.32B and a beta (3y monthly) value of 4.35. The stock’s trailing 12-month PE ratio is 11.80, while the earnings-per-share (ttm) stands at $1.25. The company has a PEG of 2.36 and a Quick Ratio of 0.50 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.05% over the week and 2.98% over the month.

Earnings per share for the fiscal year are expected to increase by 15.00%, and 8.33% over the next financial year. EPS should shrink at an annualized rate of 5.00% 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. Goldman stated their Buy rating for the stock in a research note on September 30, 2024, with the firm’s price target at $19. BMO Capital Markets was of a view on July 03, 2024 that the stock is Outperform, while BofA Securities gave the stock Buy rating on June 14, 2024, issuing a price target of $20. Raymond James on their part issued Strong Buy rating on April 09, 2024.

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