Permian Resources Corp (NYSE:PR) shares traded 2.72% higher at $13.99 on Wall Street last session.
PR stock price is now 5.97% away from the 50-day moving average and 0.78% away from the 200-day moving average. The market capitalization of the company currently stands at $11.19B.
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 $18.36 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 $11.37 million. A total of 23.14% 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 $16.78. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 0.86, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $14430236672, which is based on a 8.63 price-to-earnings ratio, a 1.20 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for PR is $13.2022 and a two-hundred day moving average price translates $13.8812 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for 2025-03-31. The net profit margin was 22.84% and return on equity was 14.35% for PR. The company reported revenue of $1.38 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.74 percent.
