Stocks of Permian Resources Corp (NYSE:PR) traded higher last session on Wall Street, down -1.30% to $12.90.
According to the data, Permian Resources Corp (NYSE:PR) has 19 analysts covering its stock. 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 $13.07, this indicates a potential upside of 30.07 percent. PR stock price is now -6.56% away from the 50-day moving average and 10.18% away from the 200-day moving average. The market capitalization of the company currently stands at $6.57B.
A total of 3 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $17.33 as their price target over the next twelve months.
With the price target of $17, Wells Fargo recently initiated with Overweight rating 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 $16.33 million. Insiders disposed of 113,411,924 shares of company stock worth roughly $1.46 billion over the past 1 year. A total of 32.34% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $8.31 and a high of $15.41. 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 $8.79B, which is based on a 14.32 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 4.30. The fifty day moving average price for PR is $13.86 and a two-hundred day moving average price translates $11.81 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 $0.13, missing analysts’ expectations of $0.38 by -0.25. 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 $1.14B in revenue.
