Permian Resources Corporation [NYSE: PR] loss -4.99% or -0.41 points to close at $7.81 with a heavy trading volume of 5045976 shares.
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It opened the trading session at $8.10, the shares rose to $8.37 and dropped to $7.75, the range by which the price of stock traded the whole day. The daily chart for PR points out that the company has recorded 2.76% gains over the past six months. However, it is still -53.74% lower than its most recent low trading price.
If we look at the average trading volume of 8.88M shares, PR reached to a volume of 5045976 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Permian Resources Corporation [PR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PR shares is $10.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Permian Resources Corporation is set at 0.49, with the Price to Sales ratio for PR stock in the period of the last 12 months amounting to 1.53. The Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for PR in the course of the last twelve months was 2.73 with Quick ratio for the last quarter at 1.10.
Trading performance analysis for PR stock
Permian Resources Corporation [PR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.88. With this latest performance, PR shares gained by 7.13% in over the last four-week period, additionally plugging by 2.76% over the last 6 months – not to mention a rise of 41.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PR stock in for the last two-week period is set at 52.92, with the RSI for the last a single of trading hit 50.05, and the three-weeks RSI is set at 53.67 for Permian Resources Corporation [PR]. The present Moving Average for the last 50 days of trading for this stock 6.89, while it was recorded at 7.86 for the last single week of trading, and 7.45 for the last 200 days.
Permian Resources Corporation [PR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Permian Resources Corporation [PR] shares currently have an operating margin of +35.24 and a Gross Margin at +45.97. Permian Resources Corporation’s Net Margin is presently recorded at +13.42.
Return on Equity for this stock inclined to 5.16, with Return on Assets sitting at 3.41.
Permian Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Permian Resources Corporation [PR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Permian Resources Corporation go to 6.00%.
An analysis of insider ownership at Permian Resources Corporation [PR]
There are presently around $1,896 million, or 87.40% of PR stock, in the hands of institutional investors. The top three institutional holders of PR stocks are: RIVERSTONE HOLDINGS LLC with ownership of 68,858,550, which is approximately -17.494% of the company’s market cap and around 3.70% of the total institutional ownership; STATE STREET CORP, holding 15,781,853 shares of the stock with an approximate value of $123.26 million in PR stocks shares; and BLACKROCK INC., currently with $117.93 million in PR stock with ownership of nearly 8.191% of the company’s market capitalization.
Positions in Permian Resources Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 159 institutional holders increased their position in Permian Resources Corporation [NYSE:PR] by around 39,313,200 shares. Additionally, 90 investors decreased positions by around 52,057,674 shares, while 30 investors held positions by with 151,453,131 shares. The mentioned changes placed institutional holdings at 242,824,005 shares, according to the latest SEC report filing. PR stock had 63 new institutional investments in for a total of 13,373,729 shares, while 34 institutional investors sold positions of 4,618,579 shares during the same period.