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Saturday, June 3, 2023

There’s No Need To Panic Or Freeze When It Comes To Permian Resources Corporation (NYSE: PR)

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 $0.15, or 1.49%, to $10.22. The Permian Resources Corporation has recorded 202,806 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Permian Resources Announces First Quarter 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $10.07 and fluctuated between $10.25 as its day high and $9.64 as its day low. The current market capitalization of Permian Resources Corporation is $5.45B. A total of 12.39 million shares were traded on the day, compared to an average of 7.51M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PR has seen 3 BUY and 15 SELL insider trades, representing the acquisition of 17,304,930 and the disposition of 80,368,984 shares. Over the last 12 months, there were 16 BUYs and 37 SELLs from insiders. Insiders purchased 18,446,537 shares during that period but sold 82,077,413.

In the most recent transaction, NGP XI US Holdings, L.P. sold 17,304,930 shares of PR for 10.70 per share on Mar 10. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Mar 10, Riverstone Non-ECI USRPI AIV, sold 14,320,070 shares at 10.70 per share. PR shares that Director owns now total 58,227,600.

Among the insiders who sold shares, Silver Run Sponsor, LLC disposed of 14,320,070 shares on Mar 10 at a per-share price of $10.70. This resulted in the Director holding 58,227,600 shares of PR after the transaction. In another insider transaction, REL US Centennial Holdings, LL sold 14,320,070 shares at $10.70 per share on Mar 10. Company shares held by the Director now total 58,227,600.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Permian Resources Corporation pays an annual dividend of $0.20, resulting in a dividend yield of 1.99%, and it has a price to earnings (P/E) ratio of 5.19.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PR in the last 3 months, the mean price target is $14.07 with high estimates of $18.00 and low estimates of $11.00. In terms of 52-week highs and lows, PR has a high of $11.99 and a low of $5.05.

As of this writing, PR has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.53 per share and a lower estimate of $0.33. The company reported an EPS of $0.26 in the last quarter, which was -42.20% lower than expectations of $0.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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 $10.87, while its Total Shareholder’s Equity was $2.75B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.15.

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