At the time of writing, Permian Resources Corp [PR] stock is trading at $17.69, down -0.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PR shares have lost -0.51% over the last week, with a monthly amount glided 8.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Permian Resources Corp [NYSE: PR] stock has seen the most recent analyst activity on April 09, 2024, when Raymond James initiated its Strong Buy rating and assigned the stock a price target of $24. Previously, BofA Securities started tracking the stock with Neutral rating on January 05, 2024, and set its price target to $15. On November 15, 2023, Wells Fargo initiated with a Overweight rating and assigned a price target of $17 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $16 on August 16, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $14 as its price target on July 13, 2023. UBS started tracking with a Neutral rating for this stock on April 19, 2023, and assigned it a price target of $13. In a note dated March 01, 2023, TD Cowen upgraded an Outperform rating on this stock but restated the target price of $15.
For the past year, the stock price of Permian Resources Corp fluctuated between $8.80 and $18.28. Currently, Wall Street analysts expect the stock to reach $13.78 within the next 12 months. Permian Resources Corp [NYSE: PR] shares were valued at $17.69 at the most recent close of the market. An investor can expect a potential drop of -22.1% based on the average PR price forecast.
Analyzing the PR fundamentals
According to Permian Resources Corp [NYSE:PR], the company’s sales were 3.12B for trailing twelve months, which represents an 47.42% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.14 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.50 points at the first support level, and at 17.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.97, and for the 2nd resistance point, it is at 18.25.
Ratios To Look Out For
It is important to note that Permian Resources Corp [NYSE:PR] has a current ratio of 0.52. In addition, the Quick Ratio stands at 0.52 and the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 3.07, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 15.27.
Transactions by insiders
Recent insider trading involved EnCap Partners GP, LLC, 10% Owner, that happened on Mar 06 ’24 when 9.0 million shares were sold. Co-Chief Executive Officer, Hickey William M III completed a deal on Mar 06 ’24 to sell 4.0 million shares. Meanwhile, Co-Chief Executive Officer Walter James H sold 4.0 million shares on Mar 06 ’24.
