Permian Resources Corp (NYSE: PR) Surprises Investors, Looks Strong In The Future

In the last trading session, 12.68 million Permian Resources Corp (NYSE:PR) shares changed hands as the company’s beta touched 4.35. With the company’s per share price at $13.98 changed hands at $0.55 or 4.10% during last session, the market valuation stood at $7.12B. PR’s last price was a discount, traded about -10.23% off its 52-week high of $15.41. The share price had its 52-week low at $8.86, which suggests the last value was 36.62% up since then. When we look at Permian Resources Corp’s average trading volume, we note the 10-day average is 7.31 million shares, with the 3-month average coming to 1.51.

Permian Resources Corp (NYSE:PR) trade information

Instantly PR was in green as seen at the end of in last trading. With action 8.62%, the performance over the past five days has been green. The jump to weekly highs of 14.18 added 4.10% to the stock’s daily price. The company’s shares are showing year-to-date upside of 2.79%, with the 5-day performance at 8.62% in the green. However, in the 30-day time frame, Permian Resources Corp (NYSE:PR) is 5.59% up. Looking at the short shares, we see there were 41.12 million shares sold at short interest cover period of 5.17 days.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Permian Resources Corp (PR) estimates and forecasts

Data shows that the Permian Resources Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.45% over the past 6 months, a -8.72% in annual growth rate that is considerably higher than the industry average of -28.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Permian Resources Corp will rise 23.10%, while the growth in revenue is estimated to hit 9.70% for the next quarter. Year-over-year growth is forecast to reach 45.90% up from the last financial year.

Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $1.09 billion. 13 analysts are of the opinion that Permian Resources Corp’s revenue for the quarter ending Mar 2024 will be $1.2 billion. The company’s revenue for the corresponding quarters a year ago was $761.56 million and $616.27 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.60%. The estimates for the next quarter sales put growth at 95.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 38.19%. The 2024 estimates are for Permian Resources Corp earnings to decrease by -32.41%, but the outlook for the next 5-year period is at 13.00% per year.

PR Dividends

Permian Resources Corp is expected to release its next quarterly earnings report between February 20 and February 26. The 1.43% annual yield figure for the share gives it an annual dividend of 0.20. It is important to note, however, that the 1.43% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Permian Resources Corp (NYSE:PR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.96% of Permian Resources Corp shares while 85.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.68%. There are 85.17% institutions holding the Permian Resources Corp stock share, with Riverstone Holdings Llc the top institutional holder. As of Jun 29, 2023, the company held 15.80% of the shares, roughly 55.27 million PR shares worth $605.72 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 6.95% or 24.32 million shares worth $266.54 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were College Retirement Equities Fund-Stock Account and iShares Core S&P Midcap ETF. With 9.27 million shares estimated at $101.62 million under it, the former controlled 2.65% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.48% of the shares, roughly 8.68 million shares worth around $121.22 million.

On Key

Related Posts