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. Most recently, Yahoo Finance reported about the stock as it publicized that Permian Resources Announces Fourth Quarter and Full Year 2023 Earnings Conference Call.
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Stocks Info
This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $15.20 and fluctuated between $15.24 as its day high and $14.85 as its day low. The current market capitalization of Permian Resources Corp is $7.74B. A total of 11.67 million shares were traded on the day, compared to an average of 8.77M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. 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 84,554 shares of PR for 14.96 per share on Feb 22. After the transaction, the SVP, Chief Accounting Officer now owns 932,325 company shares. In a previous transaction on Feb 21, Jensen Brent P sold 30,731 shares at 14.77 per share. PR shares that SVP, Chief Accounting Officer owns now total 1,016,879.
Among the insiders who sold shares, Jensen Brent P disposed of 1,853 shares on Feb 20 at a per-share price of $14.64. This resulted in the SVP, Chief Accounting Officer holding 1,047,610 shares of PR after the transaction. In another insider transaction, Jensen Brent P sold 12,882 shares at $14.63 per share on Feb 16. Company shares held by the SVP, Chief Accounting Officer now total 1,049,463.
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 $0.20, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 16.87.
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. 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
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 $10.42, 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 4.56.
