Permian Resources Corporation (NYSE:PR)’s traded shares stood at 9.32 million during the last session, with the company’s beta value hitting 4.56. At the close of trading, the stock’s price was $9.69, to imply an increase of 3.19% or $0.3 in intraday trading. The PR share’s 52-week high remains $12.05, putting it -24.36% down since that peak but still an impressive 47.57% since price per share fell to its 52-week low of $5.08. The company has a valuation of $5.53B, with an average of 11.6 million shares in intraday trading volume over the past 10 days and average of 7.66 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Permian Resources Corporation (PR), translating to a mean rating of 2.10. Of 15 analyst(s) looking at the stock, 0 analyst(s) give PR a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.48.
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Permian Resources Corporation (NYSE:PR) trade information
After registering a 3.19% upside in the last session, Permian Resources Corporation (PR) has traded red over the past five days. The stock hit a weekly high of 11.19 this Thursday, 03/16/23, jumping 3.19% in its intraday price action. The 5-day price performance for the stock is -11.59%, and -9.44% over 30 days. With these gigs, the year-to-date price performance is 3.09%. Short interest in Permian Resources Corporation (NYSE:PR) saw shorts transact 37.22 million shares and set a 6.13 days time to cover.
Permian Resources Corporation (PR) estimates and forecasts
Looking at statistics comparing Permian Resources Corporation share performance against respective industry, we note that the company has outperformed competitors. Permian Resources Corporation (PR) shares are 18.90% up over the last 6 months, with its year-to-date growth rate higher than industry average at 40.27% against -9.60%. Revenue is forecast to shrink -5.90% this quarter before jumping 800.00% for the next one. The rating firms project that company’s revenue will grow 103.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $739.73 million. Meanwhile, for the quarter ending Mar 2023, a total of 7 analyst(s) estimate revenue growth to $742.83 million.Earnings reports from the last fiscal year show that sales brought in $316.42 million and $347.28 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 133.80% before jumping 113.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 40.30% for the past 5-year period. While 2023 is set for a 262.00% return in earnings, projections for the next 5 years are at 6.00% annually.
Permian Resources Corporation has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Permian Resources Corporation has a forward dividend ratio of 0.20, with the share yield ticking at 2.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Permian Resources Corporation (NYSE:PR)’s Major holders
Permian Resources Corporation insiders hold 4.20% of total outstanding shares, with institutional holders owning 92.05% of the shares at 96.09% float percentage. In total, 92.05% institutions holds shares in the company, led by Riverstone Holdings Llc. As of Sep 29, 2022, the company held over 68.86 million shares (or 23.87% of shares), all amounting to roughly $468.24 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 16.59 million shares, or about 5.75% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $112.8 million.
We also have American Funds Insurance Ser-Growth Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF as the top two Mutual Funds with the largest holdings of the Permian Resources Corporation (PR) shares. Going by data provided on Dec 30, 2022, American Funds Insurance Ser-Growth Fund holds roughly 11.26 million shares. This is just over 3.90% of the total shares, with a market valuation of $105.84 million. Data from the same date shows that the other fund manager holds a little less at 11.23 million, or 3.89% of the shares, all valued at about 105.55 million.