In today’s recent session, 4.0 million shares of the Permian Resources Corp (NYSE:PR) have been traded, and its beta is 4.32. Most recently the company’s share price was $14.29, and it changed around $0.57 or 4.15% from the last close, which brings the market valuation of the company to $10.03B. PR at last check was trading at a discount to its 52-week high of $18.12, offering almost -26.8% off that amount. The share price’s 52-week low was $11.50, which indicates that the recent value has risen by an impressive 19.52% since then. We note from Permian Resources Corp’s average daily trading volume that its 10-day average is 14.09 million shares, with the 3-month average coming to 11.84 million.
Permian Resources Corp (NYSE:PR) trade information
Instantly PR has been showing a green trend so far today with a performance of 4.15% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 15.48 on recent trading dayincreased the stock’s daily price by 7.69%. The company’s shares are currently up 6.64% year-to-date, but still down -6.84% over the last five days. On the other hand, Permian Resources Corp (NYSE:PR) is -10.74% down in the 30-day period. We can see from the shorts that 32.31 million shares have been sold at a short interest cover period of 2.45 day(s).
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The consensus price target as assigned by Wall Street analysts is $21, which translates to bulls needing to increase their stock price by 31.95% from its current value. Analyst projections state that PR is forecast to be at a low of $5 and a high of $24.
Permian Resources Corp (PR) estimates and forecasts
Permian Resources Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 10.46 percent over the past six months and at a -9.47% annual growth rate that is well below the industry average of -3.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 81.00% in revenue this quarter, and will report an increase of 215.40% in the next quarter. The year-over-year growth rate is expected to be 63.70%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 1.25B in revenue for the current quarter. 14 analysts expect Permian Resources Corp to make 1.29B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 661.85M and 758.54M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 88.30%. Forecasts for the next quarter put sales growth at 70.20%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.57%. Permian Resources Corp earnings are expected to increase by 25.52% in 2024, but the outlook is positive 15.10% per year for the next five years.
PR Dividends
Permian Resources Corp’s next quarterly earnings report is expected to be released on 2024-Aug-06. The annual dividend yield of the stock is 2.45 percent and its annual dividend per share was 0.35. It is important to note, however, that the 2.45% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Permian Resources Corp (NYSE:PR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.07% of Permian Resources Corp shares, and 82.06% of them are in the hands of institutional investors. The stock currently has a share float of 82.95%. Permian Resources Corp stock is held by 560.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-03-31, it held 16.4142% of the shares, which is about 57.32 million shares worth $1.01 billion.
VANGUARD GROUP INC, with 15.3912% or 53.75 million shares worth $949.19 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
