After Hours
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. After-hours trades for Permian Resources Corporation (PR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.36%, to $11.18. The Permian Resources Corporation has recorded 80,055 volume in the after hours trading session.
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Stocks Info
Permian Resources Corporation is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $11.14 and fluctuated between $11.15 as its day high and $10.81 as its day low. The current market capitalization of Permian Resources Corporation is $5.97B. A total of 10.17 million shares were traded on the day, compared to an average of 6.58M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 666 shares. Over the last 12 months, there were 19 BUYs and 31 SELLs from insiders. Insiders purchased 1,693,838 shares during that period but sold 40,582,114.
In the most recent transaction, Garrison Matthew R. sold 40,000 shares of PR for 11.01 per share on Nov 04. After the transaction, the EVP, Chief Operating Officer now owns 1,107,566 company shares. In a previous transaction on Oct 27, Garrison Matthew R. sold 40,000 shares at 10.00 per share. PR shares that EVP, Chief Operating Officer owns now total 1,147,566.
Among the insiders who sold shares, Jensen Brent P disposed of 70,000 shares on Oct 21 at a per-share price of $9.50. This resulted in the SVP, Chief Accounting Officer holding 947,983 shares of PR after the transaction. In another insider transaction, Jensen Brent P sold 50,000 shares at $9.25 per share on Oct 07. Company shares held by the SVP, Chief Accounting Officer now total 1,017,983.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Permian Resources Corporation pays an annual dividend of $0.20, resulting in a dividend yield of 1.80%, and it has a price to earnings (P/E) ratio of 6.62.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PR in the last 3 months, the mean price target is $13.36 with high estimates of $16.00 and low estimates of $12.00. In terms of 52-week highs and lows, PR has a high of $11.48 and a low of $5.08.
As of this writing, PR has an earnings estimate of $0.48 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.87 per share and a lower estimate of $0.33. The company reported an EPS of $0.6 in the last quarter, which was 33.30% higher than expectations of $0.45.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 15 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 Underweight with a score of 4.15. A total of 12 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
