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After finishing at $15.66 in the prior trading day, Permian Resources Corp (NYSE: PR) closed at $15.28, down -2.43%. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 7.38 million shares were traded. PR stock price reached its highest trading level at $15.75 during the session, while it also had its lowest trading level at $15.25.
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 45.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 0.68. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.47.
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, Goldman on September 30, 2024, initiated with a Buy rating and assigned the stock a target price of $19.
BMO Capital Markets Upgraded its Market Perform to Outperform on July 03, 2024, while the target price for the stock was maintained at $21.
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 Sep 10 ’24 when Quinn William J bought 250,000 shares for $12.80 per share. The transaction valued at 3,199,875 led to the insider holds 250,000 shares of the business.
Quinn William J bought 62,429 shares of PR for $794,946 on Sep 11 ’24. The Director now owns 312,429 shares after completing the transaction at $12.73 per share. On Sep 03 ’24, another insider, Shannon Robert Regan, who serves as the EVP, Chief Accounting Officer of the company, sold 4,822 shares for $13.93 each. As a result, the insider received 67,179 and left with 61,399 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 12275401728 and an Enterprise Value of 16148678656. As of this moment, Permian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.29, and their Forward P/E ratio for the next fiscal year is 10.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 3.345 whereas that against EBITDA is 4.261.
Stock Price History:
Over the past 52 weeks, PR has reached a high of $17.94, while it has fallen to a 52-week low of $12.04. The 50-Day Moving Average of the stock is 5.75%, while the 200-Day Moving Average is calculated to be -0.09%.
Shares Statistics:
The stock has traded on average 9.88M shares per day over the past 3-months and 7563870 shares per day over the last 10 days, according to various share statistics. A total of 702.89M shares are outstanding, with a floating share count of 538.55M. Insiders hold about 23.39% of the company’s shares, while institutions hold 82.84% stake in the company. Shares short for PR as of 1731628800 were 33624078 with a Short Ratio of 3.40, compared to 1728950400 on 33867459. Therefore, it implies a Short% of Shares Outstanding of 33624078 and a Short% of Float of 4.8.
Dividends & Splits
In the trailing 12 months, PR’s forward annual dividend rate was 0.68, compared to 0.46 this year. Against a Trailing Annual Dividend Yield of 0.043422733
