In yesterday’s Wall Street session, Permian Resources Corp (NYSE:PR) shares traded at $13.88, up 1.76% from the previous session.
PR stock price is now -5.24% away from the 50-day moving average and -6.95% away from the 200-day moving average. The market capitalization of the company currently stands at $9.74B.
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On July 03, 2024, BMO Capital Markets Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $21, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Quinn William J, Director bought 250,000 shares of the company’s stock on Sep 10 ’24. The stock was bought for $3,199,875 at an average price of $12.80. Upon completion of the transaction, the Director now directly owns 250,000 shares in the company, valued at $3.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Quinn William J bought 62,429 shares of the business’s stock. A total of $794,946 was incurred on buying the stock at an average price of $12.73. This leaves the insider owning 312,429 shares of the company worth $4.34 million. A total of 23.76% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $11.97 and a high of $17.94. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 0.50, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $15015715840, which is based on a 11.14 price-to-earnings ratio, a 0.74 price-to-earnings-growth ratio, and a beta of 4.35. The fifty day moving average price for PR is $14.694 and a two-hundred day moving average price translates $15.16505 for the stock.
The latest earnings results from Permian Resources Corp (NYSE: PR) was released for 2024-06-30. The net profit margin was 15.68% and return on equity was 11.76% for PR. The company reported revenue of $1.25 billion for the quarter, compared to $623.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 99.89 percent.
