Permian Resources Corp (PR) concluded trading on Wednesday at a closing price of $15.64, with 5.28 million shares of worth about $82.64 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.82% during that period and on January 22, 2025 the price saw a loss of about -0.76%. Currently the company’s common shares owned by public are about 702.89M shares, out of which, 538.81M shares are available for trading.
Stock saw a price change of 1.03% in past 5 days and over the past one month there was a price change of 15.68%. Year-to-date (YTD), PR shares are showing a performance of 8.76% which increased to 21.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.28 but also hit the highest price of $17.94 during that period. The average intraday trading volume for Permian Resources Corp shares is 8.22 million. The stock is currently trading 5.19% above its 20-day simple moving average (SMA20), while that difference is up 4.50% for SMA50 and it goes to 3.53% higher than SMA200.
Permian Resources Corp (NYSE: PR) currently have 702.89M outstanding shares and institutions hold larger chunk of about 83.29% of that.
The stock has a current market capitalization of $12.56B and its 3Y-monthly beta is at 4.29. PE ratio of stock for trailing 12 months is 9.51, while it has posted earnings per share of $1.64 in the same period. Its PEG reads 1.90 and has Quick Ratio of 0.68 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PR, volatility over the week remained 2.10% while standing at 2.51% over the month.
Analysts are in expectations that Permian Resources Corp (PR) stock would likely to be making an EPS of 0.36 in the current quarter, while forecast for next quarter EPS is 0.38 and it is 1.51 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.27 which is 0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.46% while it is estimated to increase by 0.76% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 10.57% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on January 10, 2025 offering an Overweight rating for the stock and assigned a target price of $19 to it. Coverage by Goldman stated Permian Resources Corp (PR) stock as a Buy in their note to investors on September 30, 2024, suggesting a price target of $19 for the stock. On July 18, 2024, Wolfe Research Initiated their recommendations, while on July 03, 2024, BMO Capital Markets Upgrade their ratings for the stock with a price target of $21. Stock get a Buy rating from BofA Securities on June 14, 2024.
