Permian Resources Corp [NYSE: PR] closed the trading session at $14.52.
The stocks have a year to date performance of 9.46 percent and weekly performance of -1.22 percent. The stock has been moved at -16.56 percent over the last six months. The stock has performed 10.33 percent around the most recent 30 days and changed -12.01 percent over the most recent 3-months.
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If compared to the average trading volume of 10.24M shares, PR reached to a volume of 9770148 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Permian Resources Corp [PR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PR shares is $19.10 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 1.22. 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.
Goldman have made an estimate for Permian Resources Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 30, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 18, 2024, representing the official price target for Permian Resources Corp stock. Previously, the target price had yet another raise to $21, while BMO Capital Markets analysts kept a Outperform rating on PR stock.
The Average True Range (ATR) for Permian Resources Corp is set at 0.42, with the Price to Sales ratio for PR stock in the period of the last 12 months amounting to 2.33. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for PR in the course of the last twelve months was 15.92 with Quick ratio for the last quarter at 0.50.
PR stock trade performance evaluation
Permian Resources Corp [PR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.22. With this latest performance, PR shares gained by 10.33% in over the last four-week period, additionally sinking by -16.56% over the last 6 months – not to mention a rise of 6.39% 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 56.82, with the RSI for the last a single of trading hit 59.75, and the three-weeks RSI is set at 53.79 for Permian Resources Corp [PR]. The present Moving Average for the last 50 days of trading for this stock 14.05, while it was recorded at 14.48 for the last single week of trading, and 15.25 for the last 200 days.
Permian Resources Corp [PR]: An insightful look at the core fundamentals
Permian Resources Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Earnings per share (EPS) analysis for Permian Resources Corp [PR] stock
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 Corp go to 9.00%.
Permian Resources Corp [PR]: Institutional Ownership
There are presently around $92.06%, or 93.06%% of PR stock, in the hands of institutional investors. The top three institutional holders of PR stocks are: BLACKROCK INC. with ownership of 54.34 million shares, which is approximately 9.8358%. VANGUARD GROUP INC, holding 50.39 million shares of the stock with an approximate value of $$813.73 million in PR stocks shares; and VANGUARD GROUP INC, currently with $$632.88 million in PR stock with ownership which is approximately 7.0932%.
