Permian Resources Corp [PR] stock is trading at $14.53, up 4.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PR shares have lost -1.89% over the last week, with a monthly amount drifted -10.31%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, BMO Capital Markets upgraded its rating to Outperform on July 03, 2024, and kept the price target unchanged to $21. Raymond James started tracking the stock assigning a Strong Buy rating and suggested a price target of $24 on April 09, 2024. BofA Securities initiated its recommendation with a Neutral and recommended $15 as its price target on January 05, 2024. Wells Fargo started tracking with a Overweight rating for this stock on November 15, 2023, and assigned it a price target of $17. In a note dated August 16, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $13 to $16.
Permian Resources Corp [PR] stock has fluctuated between $11.50 and $18.12 over the past year. Currently, Wall Street analysts expect the stock to reach $18.45 within the next 12 months. Permian Resources Corp [NYSE: PR] shares were valued at $14.53 at the most recent close of the market. An investor can expect a potential return of 26.98% based on the average PR price forecast.
Analyzing the PR fundamentals
Permian Resources Corp [NYSE:PR] reported sales of 4.37B for the trailing twelve months, which represents a growth of 99.89%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 14.13 points at the first support level, and at 13.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.74, and for the 2nd resistance point, it is at 14.94.
Ratios To Look Out For
For context, Permian Resources Corp’s Current Ratio is 0.50. As well, the Quick Ratio is 0.50, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.33, the price to book ratio is 1.18 and price to earnings (TTM) ratio is 11.66.
Transactions by insiders
Recent insider trading involved Quinn William J, Director, that happened on May 15 ’24 when 22.5 million shares were sold. 10% Owner, EnCap Partners GP, LLC completed a deal on May 15 ’24 to sell 10.0 million shares. Meanwhile, Director Tepper Jeffrey sold 65000.0 shares on May 15 ’24.
