In Tuesday’s Wall Street session, Permian Resources Corp (NYSE:PR) shares traded at $12.55, down -3.01% from the previous session.
PR stock price is now -13.80% away from the 50-day moving average and -14.90% away from the 200-day moving average. The market capitalization of the company currently stands at $10.08B.
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With the price target of $19, Morgan Stanley recently initiated with Overweight rating for Permian Resources Corp (NYSE: PR). On September 30, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $19, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Shannon Robert Regan, Officer bought 2,731 shares of the company’s stock on Mar 03 ’25. The stock was bought for $38,289 at an average price of $14.02. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 03 ’25, Officer Oliphint Guy M bought 4,150 shares of the business’s stock. A total of $58,050 was incurred on buying the stock at an average price of $13.99. A total of 23.35% of the company’s stock is owned by insiders.
During the past 12 months, Permian Resources Corp has had a low of $12.49 and a high of $17.94. As of last week, the company has a debt-to-equity ratio of 0.47, a current ratio of 0.84, and a quick ratio of 0.84.
The net profit margin was 19.79% and return on equity was 12.79% for PR. The company reported revenue of $1.3 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.44 percent.
