In Tuesday’s Wall Street session, Permian Resources Corp (NYSE:PR) shares traded at $11.86, up 2.07% from the previous session.
PR stock price is now -9.61% away from the 50-day moving average and -16.70% away from the 200-day moving average. The market capitalization of the company currently stands at $9.60B.
With the price target enhanced from $17 to $20, Susquehanna Upgraded its rating from Neutral to Positive for Permian Resources Corp (NYSE: PR). On January 10, 2025, Morgan Stanley recently initiated its ‘Overweight’ rating on the stock quoting a target price of $19, while ‘Goldman’ rates the stock as ‘Buy’
In other news, Quinn William J, Director bought 250,000 shares of the company’s stock on Mar 05 ’25. The stock was bought for $3,024,525 at an average price of $12.10. Upon completion of the transaction, the Director now directly owns 1,312,429 shares in the company, valued at $15.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Director Quinn William J bought 500,000 shares of the business’s stock. A total of $6,536,600 was incurred on buying the stock at an average price of $13.07. This leaves the insider owning 812,429 shares of the company worth $9.64 million. A total of 23.48% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $10.01 and a high of $17.29. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.84, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $13527702528, which is based on a 8.31 price-to-earnings ratio, a 1.12 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for PR is $13.1202 and a two-hundred day moving average price translates $14.26195 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for 2024-12-31. The net profit margin was 19.79% and return on equity was 12.79% for PR. The company reported revenue of $1.3 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.44 percent.
