Permian Resources Corp (PR): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that N/A.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Permian Resources Corp is $10.06B. A total of 18.24 million shares were traded on the day, compared to an average of 10.02M shares.

In the most recent transaction, Quinn William J bought 250,000 shares of PR for 12.80 per share on Sep 10 ’24. After the transaction, the Director now owns 250,000 company shares. In a previous transaction on Sep 11 ’24, Quinn William J bought 62,429 shares at 12.73 per share. PR shares that Director owns now total 312,429.

Among the insiders who sold shares, Shannon Robert Regan disposed of 4,822 shares on Sep 03 ’24 at a per-share price of $13.93. This resulted in the EVP, Chief Accounting Officer holding 61,399 shares of PR after the transaction. In another insider transaction, Bell John Charles sold 4,821 shares at $13.93 per share on Sep 03 ’24. Company shares held by the EVP, General Counsel now total 77,237.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Permian Resources Corp pays an annual dividend of $0.36, resulting in a dividend yield of 2.51%, and it has a price to earnings (P/E) ratio of 11.51. PR’s most recent ex-dividend date was 8/19/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 8/27/2024. Previously, the company paid the dividend on 5/29/2024 with an ex-dividend date of 5/20/2024. The PR stock dividend was $0.06 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PR has a high of $17.94 and a low of $11.97.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. PR’s latest balance sheet shows that the firm has $9.38M in Cash & Short Term Investments as of fiscal 2021. There were $842.98M in debt and $167.90M in liabilities at the time. Its Book Value Per Share was $12.36, while its Total Shareholder’s Equity was $2.75B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PR is Buy with a score of 4.74.

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