Permian Resources Corporation [PR] moved up 5.38: Why It’s Important

Permian Resources Corporation [NYSE: PR] price surged by 5.38 percent to reach at $0.57.

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A sum of 6147334 shares traded at recent session while its average daily volume was at 6.98M shares. Permian Resources Corporation shares reached a high of $11.20 and dropped to a low of $10.635 until finishing in the latest session at $11.16.

The one-year PR stock forecast points to a potential downside of -0.09. The average equity rating for PR stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $11.15 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 2.20. 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.

Citigroup have made an estimate for Permian Resources Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 26, 2022. The new note on the price target was released on September 15, 2022, representing the official price target for Permian Resources Corporation stock.

The Average True Range (ATR) for Permian Resources Corporation is set at 0.52, with the Price to Sales ratio for PR stock in the period of the last 12 months amounting to 4.21. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 0.37. Price to Free Cash Flow for PR in the course of the last twelve months was 7.51 with Quick ratio for the last quarter at 1.10.

PR Stock Performance Analysis:

Permian Resources Corporation [PR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.23. With this latest performance, PR shares gained by 24.55% in over the last four-week period, additionally plugging by 59.66% over the last 6 months – not to mention a rise of 45.88% 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 74.91, with the RSI for the last a single of trading hit 79.35, and the three-weeks RSI is set at 71.10 for Permian Resources Corporation [PR]. The present Moving Average for the last 50 days of trading for this stock 8.46, while it was recorded at 10.40 for the last single week of trading, and 7.85 for the last 200 days.

Insight into Permian Resources Corporation Fundamentals:

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.

PR Stock EPS

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%.

Permian Resources Corporation [PR] Insider Position Details

There are presently around $2,686 million, or 88.90% 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 3.20% of the total institutional ownership; STATE STREET CORP, holding 15,781,853 shares of the stock with an approximate value of $176.12 million in PR stocks shares; and BLACKROCK INC., currently with $168.52 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 November and at the time of the November reporting period, where 150 institutional holders increased their position in Permian Resources Corporation [NYSE:PR] by around 32,735,297 shares. Additionally, 96 investors decreased positions by around 55,213,674 shares, while 34 investors held positions by with 152,738,133 shares. The mentioned changes placed institutional holdings at 240,687,104 shares, according to the latest SEC report filing. PR stock had 56 new institutional investments in for a total of 11,177,886 shares, while 40 institutional investors sold positions of 5,842,675 shares during the same period.


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