At the time of writing, Permian Resources Corp [PR] stock is trading at $14.14, up 2.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The PR shares have gain 3.97% over the last week, with a monthly amount drifted -9.30%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Permian Resources Corp [NYSE: PR] stock has seen the most recent analyst activity on September 30, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $19. On July 03, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $21 on the stock. Raymond James initiated its recommendation with a Strong Buy and recommended $24 as its price target on April 09, 2024. BofA Securities started tracking with a Neutral rating for this stock on January 05, 2024, and assigned it a price target of $15. In a note dated November 15, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $17 on this stock.
For the past year, the stock price of Permian Resources Corp fluctuated between $12.28 and $17.94. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Permian Resources Corp [NYSE: PR] shares were valued at $14.14 at the most recent close of the market. An investor can expect a potential return of 41.44% based on the average PR price forecast.
Analyzing the PR fundamentals
According to Permian Resources Corp [NYSE:PR], the company’s sales were 4.83B for trailing twelve months, which represents an 60.25% jump. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 13.89 points at the first support level, and at 13.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.35, and for the 2nd resistance point, it is at 14.55.
Ratios To Look Out For
It is important to note that Permian Resources Corp [NYSE:PR] has a current ratio of 0.68. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 2.35, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 8.60.
Transactions by insiders
Recent insider trading involved Quinn William J, Director, that happened on Sep 10 ’24 when 0.25 million shares were purchased. Director, Quinn William J completed a deal on Sep 11 ’24 to buy 62429.0 shares. Meanwhile, EVP, Chief Accounting Officer Shannon Robert Regan sold 4822.0 shares on Sep 03 ’24.
