Permian Resources Corp (NYSE:PR) shares traded 1.00% higher at $15.14 on Wall Street last session.
PR stock price is now 2.98% away from the 50-day moving average and -0.13% away from the 200-day moving average. The market capitalization of the company currently stands at $12.16B.
With the price target of $19, Morgan Stanley recently initiated with Overweight rating for Permian Resources Corp (NYSE: PR). On September 30, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $19, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Oliphint Guy M, EVP, Chief Financial Officer sold 8,761 shares of the company’s stock on Jan 03 ’25. The stock was sold for $134,017 at an average price of $15.30. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 134,617 shares in the company, valued at $2.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer Oliphint Guy M bought 8,761 shares of the business’s stock. A total of $134,017 was incurred on buying the stock at an average price of $15.30. A total of 23.35% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $12.28 and a high of $17.94. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 0.68, and a quick ratio of 0.68. According to the stock market information, the enterprise value for the company is $16050265088, which is based on a 9.20 price-to-earnings ratio, a 1.84 price-to-earnings-growth ratio, and a beta of 4.30. The fifty day moving average price for PR is $14.7018 and a two-hundred day moving average price translates $15.26955 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for 2024-09-30. The net profit margin was 21.28% and return on equity was 16.24% for PR. The company reported revenue of $1.22 billion for the quarter, compared to $758.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.25 percent.
