The stock of Permian Resources Corp (NYSE:PR) last traded at $17.53, down -1.07% from the previous session.
PR stock price is now 16.89% away from the 50-day moving average and 31.38% away from the 200-day moving average. The market capitalization of the company currently stands at $9.48B.
With the price target of $15, BofA Securities recently initiated with Neutral rating for Permian Resources Corp (NYSE: PR). On November 15, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $17, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, EnCap Partners GP, LLC, 10% Owner sold 9,000,000 shares of the company’s stock on Mar 06 ’24. The stock was sold for $141,390,000 at an average price of $15.71. Upon completion of the transaction, the 10% Owner now directly owns 25,477,527 shares in the company, valued at $446.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Co-Chief Executive Officer Hickey William M III sold 4,000,000 shares of the business’s stock. A total of $62,840,000 was realized by selling the stock at an average price of $15.71. A total of 23.89% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $8.80 and a high of $17.83. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 0.52, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $14.00B, which is based on a 15.14 price-to-earnings ratio, a 1.16 price-to-earnings-growth ratio, and a beta of 4.36. The fifty day moving average price for PR is $15.15 and a two-hundred day moving average price translates $13.50 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.32 by 0.19. This compares to $0.61 EPS in the same period last year. The net profit margin was 15.26% and return on equity was 10.27% for PR. The company reported revenue of $1.12 billion for the quarter, compared to $761.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.42 percent. For the current quarter, analysts expect PR to generate $1.2B in revenue.
