Introducing Our Rant Against Permian Resources Corp

Permian Resources Corp (PR)’s stock has witnessed a price declined of -0.38% from the previous close with its current price standing at $13.21. Its current price is -14.25% under its 52-week high of $15.41 and 49.17% more than its 52-week low of $8.86. Based on the past 30-day period, the stock price is -5.50% below the high and +4.79% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, PR’s SMA-200 is $12.28.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Additionally, it is important to take into account PR stock ratios, including its price-to-sales ratio, which is 2.44 for the last tewlve months.Likewise, its price to free cash flow for the last twelve months stands at 22.18. PR’s price to book ratio for the most recent quarter was 1.27, resulting in an 31.70 price to cash per share for the period.

How does Permian Resources Corp (PR) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 15 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.53 in simple terms.

Permian Resources Corp (PR): Earnings History

Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 7 different analysts, who are expecting earnings to fall in between the range of 0.50 and 0.24 with an average Earnings Estimate of 0.36 which is in contrast with the last year earnings estimate of 0.43 and also replicates -16.28% growth rate year over year.

Permian Resources Corp (NYSE: PR) Ownership Details

I will give a breakdown of the key shareholders in Permian Resources Corp (PR). Recent figures show that the company’s insiders hold 3.96% of shares. A total of 428 institutional investors hold shares in the company, making 80.67% of its stock and 83.99% of its float.

Jun 29, 2023, it was reported that the Company’s largest institutional holder is Riverstone Holdings Llc holding total of 55.27 million shares that make 15.80% of the company’s total number of shares and are currently priced at 605.72 million.

The securities firm Vanguard Group Inc holds 24.32 million shares of PR, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 6.95%, and the holding percentage of shares is valued at 266.54 million.

An overview of Permian Resources Corp’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Permian Resources Corp (PR) traded 7,269,678 shares per day, with a moving average of $13.38 and price change of -0.29. With the moving average of $13.23 and a price change of +0.27, about 8,293,613 shares changed hands on average over the past 50 days. Finally, PR’s 100-day average volume is 9,527,586 shares, alongside a moving average of $13.67 and a price change of -0.77.

Related Posts