Currently, there are 702.89M common shares owned by the public and among those 538.80M shares have been available to trade.
The company’s stock has a 5-day price change of -4.39% and 1.95% over the past three months. PR shares are trading 6.68% year to date (YTD), with the 12-month market performance up to 8.59% higher. It has a 12-month low price of $12.28 and touched a high of $17.94 over the same period. PR has an average intraday trading volume of 9.72 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 -7.11%, -3.37%, and -7.51% respectively.
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Institutional ownership of Permian Resources Corp (NYSE: PR) shares accounts for 83.04% of the company’s 702.89M shares outstanding.
It has a market capitalization of $11.31B and a beta (3y monthly) value of 4.32. The stock’s trailing 12-month PE ratio is 8.60, while the earnings-per-share (ttm) stands at $1.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.39% over the week and 2.67% over the month.
Analysts forecast that Permian Resources Corp (PR) will achieve an EPS of 0.35 for the current quarter, 0.39 for the next quarter and 1.52 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.26 while analysts give the company a high EPS estimate of 0.26. Comparatively, EPS for the current quarter was 0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 18.76%, and 0.55% over the next financial year. EPS should shrink at an annualized rate of 0.00% 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.
