Permian Resources Corp (NYSE:PR) shares, rose in value on Wednesday, January 22, with the stock price down by -0.76% to the previous day’s close as strong demand from buyers drove the stock to $15.64.
Actively observing the price movement in the last trading, the stock closed the session at $15.76, falling within a range of $15.54 and $15.905. The value of beta (5-year monthly) was 4.351 whereas the PE ratio was 9.51 over 12-month period. Referring to stock’s 52-week performance, its high was $17.94, and the low was $12.28. On the whole, PR has fluctuated by 15.68% over the past month.
With the market capitalization of Permian Resources Corp currently standing at about $12.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.46, with its dividend yield at 2.94%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.04B, with a low estimate of 1.25B and a high estimate of 1.4B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.32B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.90, with the price of PR currently trading nearly 5.19% and 4.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.09, while the 7-day volatility ratio is showing 2.10% which for the 30-day chart, stands at 2.51%. Furthermore, Permian Resources Corp (PR)’s beta value is 4.29, and its average true range (ATR) is 0.39.
A comparison of Permian Resources Corp (PR) with its peers suggests the former has fared considerably weaker in the market. PR showed an intraday change of -0.76% in last session, and over the past year, it grew by 21.39%%.
Data on historical trading for Permian Resources Corp (NYSE:PR) indicates that the trading volumes over the past 10 days have averaged 8.1 and over the past 3 months, they’ve averaged 8.22 million. According to company’s latest data on outstanding shares, there are 702.89 million shares outstanding.
Nearly 23.35% of Permian Resources Corp’s shares belong to company insiders and institutional investors own 83.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.0 million shares as on 2024-12-31, resulting in a short ratio of 4.69. According to the data, the short interest in Permian Resources Corp (PR) stood at 485.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 31.6 million. The stock has risen by 8.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PR stock heading into the next quarter.
