Permian Resources Corporation [PR] is 56.99% higher this YTD. Is it still time to buy?

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Permian Resources Corporation [NYSE: PR] jumped around 0.19 points on Tuesday, while shares priced at $14.62 at the close of the session, up 1.32%. The company report on September 1, 2023 at 6:51 PM that Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

S&P Dow Jones Indices (“S&P DJI”) will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.

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Blackstone Inc. (NYSE:BX) and Airbnb Inc. (NASD:ABNB) will replace Lincoln National Corp. (NYSE:LNC) and Newell Brands Inc. (NASD:NWL) in the S&P 500 respectively, and Lincoln National and Newell Brands will replace UNIQURE N.V. (NASD:QURE) and Universal Insurance Holdings Inc. (NYSE:UVE) respectively in the S&P SmallCap 600.

Permian Resources Corporation stock is now 56.99% up from its year-to-date (YTD) trading value. PR Stock saw the intraday high of $15.30 and lowest of $14.60 per share. The company’s 52-week high price is 14.61, which means current price is +73.43% above from all time high which was touched on 09/05/23.

Compared to the average trading volume of 7.34M shares, PR reached a trading volume of 13829375 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $16.15 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 1.90. 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.

Mizuho have made an estimate for Permian Resources Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 16, 2023.

The Average True Range (ATR) for Permian Resources Corporation is set at 0.47, with the Price to Sales ratio for PR stock in the period of the last 12 months amounting to 3.19. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 0.03. Price to Free Cash Flow for PR in the course of the last twelve months was 15.07 with Quick ratio for the last quarter at 0.60.

How has PR stock performed recently?

Permian Resources Corporation [PR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.26. With this latest performance, PR shares gained by 22.32% in over the last four-week period, additionally plugging by 25.48% over the last 6 months – not to mention a rise of 93.66% 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 83.58, with the RSI for the last a single of trading hit 88.17, and the three-weeks RSI is set at 78.19 for Permian Resources Corporation [PR]. The present Moving Average for the last 50 days of trading for this stock 11.95, while it was recorded at 14.20 for the last single week of trading, and 10.54 for the last 200 days.

Permian Resources Corporation [PR]: Deeper insight into the 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 Total Capital for PR is now 19.02, given the latest momentum, and Return on Invested Capital for the company is 11.83. Return on Equity for this stock inclined to 18.11, with Return on Assets sitting at 8.21. When it comes to the capital structure of this company, Permian Resources Corporation [PR] has a Total Debt to Total Equity ratio set at 75.34. Additionally, PR Total Debt to Total Capital is recorded at 42.97, with Total Debt to Total Assets ending up at 26.05. Long-Term Debt to Equity for the company is recorded at 74.33, with the Long-Term Debt to Total Capital now at 42.39.

Reflecting on the efficiency of the workforce at the company, Permian Resources Corporation [PR] managed to generate an average of $2,362,555 per employee. Receivables Turnover for the company is 12.04 with a Total Asset Turnover recorded at a value of 0.34.Permian Resources Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Earnings analysis for Permian Resources Corporation [PR]

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%.

Insider trade positions for Permian Resources Corporation [PR]

The top three institutional holders of PR stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in PR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in PR stock with ownership which is approximately 5.7381%.

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