Permian Resources Corp (NYSE:PR) price closed lower on Tuesday, April 16, dropping -0.45% below its previous close.
A look at the daily price movement shows that the last close reads $17.69. The company’s P/E ratio in the trailing 12-month period read 15.20. Taking into account the 52-week price action we note that the stock hit a 52-week high of $18.28 and 52-week low of $8.80. The stock added 6.86% on its value in the past month.
Permian Resources Corp, which has a market valuation of $9.53 billion. The company stock has a Forward Dividend ratio of 0.20, while the dividend yield is 1.14%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give PR a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.27. The overview shows that PR’s price is at present 0.66% off the SMA20 and 10.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.96, with weekly volatility standing at 2.87%. The indicator jumps to 2.34% when calculated based on the past 30 days. Permian Resources Corp (NYSE:PR)’s beta value is holding at 4.33, while the average true range (ATR) indicator is currently reading 0.43.
An analysis of the Permian Resources Corp (NYSE:PR) stock in terms of its daily trading volume indicates that the 3-month average is 9.98 million.
Current records show that the company has 540.79M in outstanding shares. The insiders’ percentage holdings are 22.49% of outstanding shares while the percentage share held by institutions stands at 78.83%. But the 30.30% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
