In today’s recent session, 2.5 million shares of the Permian Resources Corp (NYSE:PR) have been traded, and its beta is 1.26. Most recently the company’s share price was $11.91, and it changed around -$0.29 or -2.34% from the last close, which brings the market valuation of the company to $8.46B. PR at last check was trading at a discount to its 52-week high of $17.29, offering almost -45.17% off that amount. The share price’s 52-week low was $10.01, which indicates that the recent value has risen by an impressive 15.95% since then. We note from Permian Resources Corp’s average daily trading volume that its 10-day average is 8.63 million shares, with the 3-month average coming to 9.78 million.
Permian Resources Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.12. If we narrow it down even further, the data shows that 0 out of 20 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 1 recommended PR as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Permian Resources Corp is expected to report earnings per share of 0.43 for the current quarter.
Permian Resources Corp (NYSE:PR) trade information
Instantly PR has been showing red trend so far today with a performance of -2.34% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.38 on recent trading dayincreased the stock’s daily price by 3.8%. The company’s shares are currently down -17.14% year-to-date, but still down -3.83% over the last five days. On the other hand, Permian Resources Corp (NYSE:PR) is -2.81% down in the 30-day period. We can see from the shorts that 35.35 million shares have been sold at a short interest cover period of 3.5 day(s).
The consensus price target as assigned by Wall Street analysts is $19, which translates to bulls needing to increase their stock price by 37.32% from its current value. Analyst projections state that PR is forecast to be at a low of $19 and a high of $19.
Permian Resources Corp (PR) estimates and forecasts
The year-over-year growth rate is expected to be 4.92%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 1.38B in revenue for the current quarter. 13 analysts expect Permian Resources Corp to make 1.25B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.24B and 1.25B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.33%. Forecasts for the next quarter put sales growth at 0.47%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 90.07%. Permian Resources Corp earnings are expected to increase by -4.37% in 2025, but the outlook is positive 7.42% per year for the next five years.
PR Dividends
Permian Resources Corp’s next quarterly earnings report is expected to be released on 2025-Feb-24. The annual dividend yield of the stock is 5.96 percent and its annual dividend per share was 0.71. It is important to note, however, that the 5.96% 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 0.71% of Permian Resources Corp shares, and 98.39% of them are in the hands of institutional investors. The stock currently has a share float of 99.09%. Permian Resources Corp stock is held by 686.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 8.8755% of the shares, which is about 54.34 million shares worth $877.59 million.
VANGUARD GROUP INC, with 8.2296% or 50.39 million shares worth $813.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Trust-iShares Core S&P Mid-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 20.89 shares worth $248.95 million, making up 2.97% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held roughly 19.9 shares worth around $237.14 million, which represents about 2.83% of the total shares outstanding.
