After Hours
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. Yahoo Finance discussed the stock recently as it posted Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call.
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Stocks Info
Permian Resources Corp is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $14.44 and fluctuated between $14.73 as its day high and $14.35 as its day low. The current market capitalization of Permian Resources Corp is $7.35B. A total of 8.98 million shares were traded on the day, compared to an average of 8.51M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 26 SELLs from insiders. Insiders purchased 43,816,625 shares during that period but sold 113,411,258.
In the most recent transaction, Jensen Brent P sold 1,853 shares of PR for 14.64 per share on Feb 20. After the transaction, the SVP, Chief Accounting Officer now owns 1,047,610 company shares. In a previous transaction on Feb 16, Jensen Brent P sold 12,882 shares at 14.63 per share. PR shares that SVP, Chief Accounting Officer owns now total 1,049,463.
Among the insiders who sold shares, Jensen Brent P disposed of 203,687 shares on Feb 15 at a per-share price of $14.55. This resulted in the SVP, Chief Accounting Officer holding 1,062,345 shares of PR after the transaction. In another insider transaction, Oliphint Guy M sold 8,975 shares at $13.68 per share on Jan 03. Company shares held by the EVP, Chief Financial Officer now total 92,638.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Permian Resources Corp pays an annual dividend of $0.20, resulting in a dividend yield of 1.39%, and it has a price to earnings (P/E) ratio of 16.03.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PR in the last 3 months, the mean price target is $16.89 with high estimates of $23.00 and low estimates of $14.00. In terms of 52-week highs and lows, PR has a high of $15.41 and a low of $8.86.
As of this writing, PR has an earnings estimate of $0.32 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.15. The company reported an EPS of $0.21 in the last quarter, which was -34.40% lower than expectations of $0.32.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $10.42, while its Total Shareholder’s Equity was $2.75B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.56.
