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In the latest session, Permian Resources Corp (NYSE: PR) closed at $15.79 down -0.38% from its previous closing price of $15.85. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 13.2 million shares were traded. PR stock price reached its highest trading level at $15.81 during the session, while it also had its lowest trading level at $15.57.
Ratios:
For a deeper understanding of Permian Resources Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 692.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 0.55. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.57.
On April 09, 2024, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $24.
On January 05, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $15.BofA Securities initiated its Neutral rating on January 05, 2024, with a $15 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 15 ’24 when Quinn William J sold 22,500,000 shares for $16.47 per share. The transaction valued at 370,575,000 led to the insider holds 0 shares of the business.
EnCap Partners GP, LLC sold 10,000,000 shares of PR for $164,200,000 on May 15 ’24. The 10% Owner now owns 21,532,613 shares after completing the transaction at $16.42 per share. On May 15 ’24, another insider, Tepper Jeffrey, who serves as the Director of the company, sold 65,000 shares for $16.42 each. As a result, the insider received 1,067,300 and left with 158,665 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PR now has a Market Capitalization of 13182280704 and an Enterprise Value of 15623757824. As of this moment, Permian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.37, and their Forward P/E ratio for the next fiscal year is 8.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 4.169 whereas that against EBITDA is 5.948.
Stock Price History:
Over the past 52 weeks, PR has reached a high of $18.12, while it has fallen to a 52-week low of $10.06. The 50-Day Moving Average of the stock is -3.30%, while the 200-Day Moving Average is calculated to be 7.59%.
Shares Statistics:
For the past three months, PR has traded an average of 9.24M shares per day and 8192350 over the past ten days. A total of 540.79M shares are outstanding, with a floating share count of 470.36M. Insiders hold about 19.24% of the company’s shares, while institutions hold 82.00% stake in the company. Shares short for PR as of 1715731200 were 41186589 with a Short Ratio of 4.26, compared to 1713139200 on 40839616. Therefore, it implies a Short% of Shares Outstanding of 41186589 and a Short% of Float of 6.6199996.
Dividends & Splits
According to the company, the forward annual dividend rate for PR is 0.21, from 0.47 in the trailing year. Against a Trailing Annual Dividend Yield of 0.029652996
