For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Permian Resources Corp (NYSE: PR) closed at $17.18 in the last session, up 0.06% from day before closing price of $17.17. In other words, the price has increased by $0.06 from its previous closing price. On the day, 5.85 million shares were traded. PR stock price reached its highest trading level at $17.36 during the session, while it also had its lowest trading level at $16.9215.
Ratios:
We take a closer look at PR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 125.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.14. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.52. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.61.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Raymond James on April 09, 2024, initiated with a Strong Buy rating and assigned the stock a target price of $24.
On January 05, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $15.
On November 15, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $17.Wells Fargo initiated its Overweight rating on November 15, 2023, with a $17 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when EnCap Partners GP, LLC sold 9,000,000 shares for $15.71 per share. The transaction valued at 141,390,000 led to the insider holds 25,477,527 shares of the business.
Hickey William M III sold 4,000,000 shares of PR for $62,840,000 on Mar 06 ’24. The Co-Chief Executive Officer now owns 0 shares after completing the transaction at $15.71 per share. On Mar 06 ’24, another insider, Walter James H, who serves as the Co-Chief Executive Officer of the company, sold 4,000,000 shares for $15.71 each. As a result, the insider received 62,840,000 and left with 0 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 13318468608 and an Enterprise Value of 15968555008. As of this moment, Permian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.83, and their Forward P/E ratio for the next fiscal year is 9.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at 5.117 whereas that against EBITDA is 6.795.
Stock Price History:
Over the past 52 weeks, PR has reached a high of $18.28, while it has fallen to a 52-week low of $8.80. The 50-Day Moving Average of the stock is 5.34%, while the 200-Day Moving Average is calculated to be 23.69%.
Shares Statistics:
According to the various share statistics, PR traded on average about 9.95M shares per day over the past 3-months and 7360440 shares per day over the past 10 days. A total of 540.79M shares are outstanding, with a floating share count of 419.36M. Insiders hold about 22.48% of the company’s shares, while institutions hold 78.99% stake in the company. Shares short for PR as of 1711584000 were 41131191 with a Short Ratio of 4.13, compared to 1709164800 on 42941022. Therefore, it implies a Short% of Shares Outstanding of 41131191 and a Short% of Float of 7.960000000000001.
Dividends & Splits
The forward annual dividend rate for PR is 0.20, which was 0.37 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.021549214
