Before Investing In Permian Resources Corp (NYSE:PR), Here Are Some Things To Consider

The stock of Permian Resources Corp (NYSE:PR) last traded at $16.01, down -1.17% from the previous session.

PR stock price is now -0.71% away from the 50-day moving average and 8.28% away from the 200-day moving average. The market capitalization of the company currently stands at $9.32B.

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With the price target maintained at $21, BMO Capital Markets recently Upgraded its rating from Market Perform to Outperform for Permian Resources Corp (NYSE: PR). , while ‘Raymond James’ rates the stock as ‘Strong Buy’

In other news, Quinn William J, Director sold 22,500,000 shares of the company’s stock on May 15 ’24. The stock was sold for $370,575,000 at an average price of $16.47. Upon completion of the transaction, the Director 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 May 15 ’24, 10% Owner EnCap Partners GP, LLC sold 10,000,000 shares of the business’s stock. A total of $164,200,000 was realized by selling the stock at an average price of $16.42. This leaves the insider owning 21,532,613 shares of the company worth $344.74 million. A total of 19.24% of the company’s stock is owned by insiders.

During the past 12 months, Permian Resources Corp has had a low of $10.33 and a high of $18.12. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 0.55, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $15751887872, which is based on a 14.57 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 4.37. The fifty day moving average price for PR is $16.1476 and a two-hundred day moving average price translates $14.9727 for the stock.

The latest earnings results from Permian Resources Corp (NYSE: PR) was released for 2024-03-31. The net profit margin was 13.93% and return on equity was 10.26% for PR. The company reported revenue of $1.24 billion for the quarter, compared to $616.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 101.7 percent.

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