In the latest trading session, 1.02 million Permian Resources Corp (NYSE:PR) shares changed hands as the company’s beta touched 3.83. With the company’s most recent per share price at $13.89 changing hands around $0.33 or 2.43% at last look, the market valuation stands at $11.16B. PR’s current price is a discount, trading about -29.16% off its 52-week high of $17.94. The share price had its 52-week low at $11.84, which suggests the last value was 14.76% up since then. When we look at Permian Resources Corp’s average trading volume, we note the 10-day average is 10.1 million shares, with the 3-month average coming to 8.35 million.
Analysts gave the Permian Resources Corp (PR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.12. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended PR as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight.
Permian Resources Corp (NYSE:PR) trade information
Instantly PR is in green as seen in intraday trades today. With action 4.27%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -3.41%, with the 5-day performance at 4.27% in the green. However, in the 30-day time frame, Permian Resources Corp (NYSE:PR) is -2.87% down. Looking at the short shares, we see there were 36.14 million shares sold at short interest cover period of 4.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19, meaning bulls need an upside of 26.89% from its recent market value. According to analyst projections, PR’s forecast low is 19 with 20 as the target high. To hit the forecast high, the stock’s price needs a -43.99% plunge from its current level, while the stock would need to soar -36.79% for it to hit the projected low.
Permian Resources Corp (PR) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 90.07%. The 2025 estimates are for Permian Resources Corp earnings to increase by 9.32%, but the outlook for the next 5-year period is at 4.97% per year.
PR Dividends
Permian Resources Corp is expected to release its next quarterly earnings report on 2025-Feb-24. The 4.03% annual yield figure for the share gives it an annual dividend of 0.56. It is important to note, however, that the 4.03% 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 1.09% of Permian Resources Corp shares while 98.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.04%. There are 98.95% institutions holding the Permian Resources Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 9.8358% of the shares, roughly 54.34 million PR shares worth $877.59 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 9.1201% or 50.39 million shares worth $813.73 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. With 20.77 shares estimated at $288.47 million under it, the former controlled 2.95% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.83% of the shares, roughly 19.9 shares worth around $276.45 million.
