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After finishing at $16.05 in the prior trading day, Permian Resources Corp (NYSE: PR) closed at $16.20, up 0.93%. In other words, the price has increased by $0.93 from its previous closing price. On the day, 7.39 million shares were traded. PR stock price reached its highest trading level at $16.27 during the session, while it also had its lowest trading level at $15.97.
Ratios:
Our goal is to gain a better understanding of PR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 710.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.09. 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.Raymond James initiated its Strong Buy rating on April 09, 2024, with a $24 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 13524570112 and an Enterprise Value of 15862544384. As of this moment, Permian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.75, and their Forward P/E ratio for the next fiscal year is 8.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 4.233 whereas that against EBITDA is 6.039.
Stock Price History:
The Beta on a monthly basis for PR is 4.37, which has changed by 0.41856396 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. 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 0.35%, while the 200-Day Moving Average is calculated to be 9.67%.
Shares Statistics:
The stock has traded on average 10.74M shares per day over the past 3-months and 17981150 shares per day over the last 10 days, according to various share statistics. 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 81.91% stake in the company. Shares short for PR as of 1718323200 were 40463079 with a Short Ratio of 3.77, compared to 1715731200 on 41186589. Therefore, it implies a Short% of Shares Outstanding of 40463079 and a Short% of Float of 6.510000000000001.
Dividends & Splits
In the trailing 12 months, PR’s forward annual dividend rate was 0.47, compared to 0.35 this year. Against a Trailing Annual Dividend Yield of 0.02928349
