Permian Resources Corporation [NYSE: PR] stock went on an upward path that rose over 4.07% on Friday, amounting to a one-week price increase of more than 6.69%. The company report on February 22, 2023 that Permian Resources Announces Fourth Quarter 2022 Results and Provides Improved 2023 Guidance.
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Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its fourth quarter and full year 2022 financial and operational results and 2023 operational plans.
Over the last 12 months, PR stock rose by 39.59%. The one-year Permian Resources Corporation stock forecast points to a potential upside of 10.93. The average equity rating for PR stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.90 billion, with 286.25 million shares outstanding and 207.52 million shares in the current float. Compared to the average trading volume of 6.34M shares, PR stock reached a trading volume of 10094457 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $12.35 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.
ROTH MKM have made an estimate for Permian Resources Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 23, 2023. While these analysts kept the previous recommendation, Mizuho raised their target price to Neutral. The new note on the price target was released on January 10, 2023, representing the official price target for Permian Resources Corporation stock. Previously, the target price had yet another raise to $12, while Citigroup analysts kept a Buy rating on PR stock.
The Average True Range (ATR) for Permian Resources Corporation is set at 0.59, with the Price to Sales ratio for PR stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 0.08. Price to Free Cash Flow for PR in the course of the last twelve months was 7.39 with Quick ratio for the last quarter at 0.70.
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 6.69. With this latest performance, PR shares gained by 3.97% in over the last four-week period, additionally plugging by 35.80% over the last 6 months – not to mention a rise of 39.59% 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 58.71, with the RSI for the last a single of trading hit 61.72, and the three-weeks RSI is set at 57.14 for Permian Resources Corporation [PR]. The present Moving Average for the last 50 days of trading for this stock 9.79, while it was recorded at 9.96 for the last single week of trading, and 8.46 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 +51.15 and a Gross Margin at +58.64. Permian Resources Corporation’s Net Margin is presently recorded at +24.17.
Return on Equity for this stock inclined to 18.11, with Return on Assets sitting at 8.21.
Permian Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
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 $3,055 million, or 88.40% 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 0% of the company’s market cap and around 3.20% of the total institutional ownership; VANGUARD GROUP INC, holding 18,961,413 shares of the stock with an approximate value of $208.58 million in PR stocks shares; and STATE STREET CORP, currently with $166.6 million in PR stock with ownership of nearly 1.994% of the company’s market capitalization.
Positions in Permian Resources Corporation stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 142 institutional holders increased their position in Permian Resources Corporation [NYSE:PR] by around 56,205,060 shares. Additionally, 118 investors decreased positions by around 39,878,574 shares, while 30 investors held positions by with 181,675,559 shares. The mentioned changes placed institutional holdings at 277,759,193 shares, according to the latest SEC report filing. PR stock had 62 new institutional investments in for a total of 22,401,896 shares, while 39 institutional investors sold positions of 10,021,109 shares during the same period.