In yesterday’s Wall Street session, Permian Resources Corp (NYSE:PR) shares traded at $13.27, up 2.39% from the previous session.
18 analysts cover Permian Resources Corp (NYSE:PR), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $15.00, we find $17.00. Given the previous closing price of $12.96, this indicates a potential upside of 31.17 percent. PR stock price is now -5.90% away from the 50-day moving average and 14.98% away from the 200-day moving average. The market capitalization of the company currently stands at $6.75B.
The stock has received a hold rating from 3 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $17.53 as their price target over the next twelve months.
With the price target enhanced from $13 to $16, Mizuho Upgraded its rating from Neutral to Buy for Permian Resources Corp (NYSE: PR).
In other news, NGP XI US Holdings, L.P., 10% Owner sold 24,667,500 shares of the company’s stock on Sep 22. The stock was sold for $313,057,709 at an average price of $12.69. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 14, SVP, Chief Accounting Officer Jensen Brent P sold 8,082 shares of the business’s stock. A total of $115,573 was realized by selling the stock at an average price of $14.30. This leaves the insider owning 1,266,032 shares of the company worth $16.8 million. Insiders disposed of 112,785,634 shares of company stock worth roughly $1.5 billion over the past 1 year. A total of 34.59% of the company’s stock is owned by insiders.
On Friday morning Permian Resources Corp (NYSE: PR) stock kicked off with the opening price of $13.13. During the past 12 months, Permian Resources Corp has had a low of $8.35 and a high of $15.49. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 0.74, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $8.90B, which is based on a 14.73 price-to-earnings ratio, a 2.46 price-to-earnings-growth ratio, and a beta of 4.45. The fifty day moving average price for PR is $14.08 and a two-hundred day moving average price translates $11.60 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.21, missing analysts’ expectations of $0.32 by -0.11. This compares to $1.07 EPS in the same period last year. The net profit margin was 11.02% and return on equity was 9.38% for PR. The company reported revenue of $758.54 million for the quarter, compared to $549.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 37.97 percent. For the current quarter, analysts expect PR to generate $734.2M in revenue.