In last trading session, Permian Resources Corp (NYSE:PR) saw 14.21 million shares changing hands with its beta currently measuring 4.36. Company’s recent per share price level of $17.15 trading at -$0.14 or -0.81% at ring of the bell on the day assigns it a market valuation of $9.28B. That closing price of PR’s stock is at a discount of -1.05% from its 52-week high price of $17.33 and is indicating a premium of 48.69% from its 52-week low price of $8.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.38 million shares which gives us an average trading volume of 9.68 million if we extend that period to 3-months.
Permian Resources Corp (NYSE:PR) trade information
Upright in the red during last session for losing -0.81%, in the last five days PR remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $17.15 price level, adding 1.61% to its value on the day. Permian Resources Corp’s shares saw a change of 26.89% in year-to-date performance and have moved 4.07% in past 5-day. Permian Resources Corp (NYSE:PR) showed a performance of 14.90% in past 30-days. Number of shares sold short was 42.94 million shares which calculate 4.67 days to cover the short interests.
Permian Resources Corp (PR) estimates and forecasts
Statistics highlight that Permian Resources Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company added 30.56% of value to its shares in past 6 months, showing an annual growth rate of -23.16% while that of industry is -1.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 19.40% in the current quarter and calculating 76.20% increase in the next quarter. This year revenue growth is estimated to rise 59.10% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.2 billion for the same. And 12 analysts are in estimates of company making revenue of $1.21 billion in the next quarter that will end on Jun 2024. Company posted $616.27 million and $661.85 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 94.10% while estimating it to be 82.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 10.57% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 27.70% while estimates for its earnings growth in next 5 years are of 13.00%.
PR Dividends
Permian Resources Corp is more likely to be releasing its next quarterly report between May 06 and May 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Permian Resources Corp (NYSE:PR)’s Major holders
Insiders are in possession of 3.46% of company’s total shares while institution are holding 98.02 percent of that, with stock having share float percentage of 101.53%. Investors also watch the number of corporate investors in a company very closely, which is 98.02% institutions for Permian Resources Corp that are currently holding shares of the company. Riverstone Holdings Llc is the top institutional holder at PR for having 55.27 million shares of worth $605.72 million. And as of Jun 29, 2023, it was holding 15.80% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 24.32 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.95% of outstanding shares, having a total worth of $266.54 million.
On the other hand, College Retirement Equities Fund-Stock Account and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 9.27 million shares of worth $101.62 million or 2.65% of the total outstanding shares. The later fund manager was in possession of 8.68 million shares on Sep 29, 2023, making its stake of worth around $121.22 million in the company or a holder of 2.48% of company’s stock.
