Shares of Permian Resources Co. (NASDAQ:PR – Get Rating) have earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $13.80.
PR has been the topic of several research analyst reports. Citigroup boosted their price objective on Permian Resources from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday. Cowen raised Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Wednesday. TD Cowen raised Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Wednesday. TD Cowen upgraded Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 target price on the stock in a research note on Wednesday. Finally, Piper Sandler decreased their target price on Permian Resources from $15.00 to $14.00 in a research note on Thursday, December 1st.
Permian Resources Price Performance
PR stock opened at $11.91 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.38. The company has a market cap of $6.64 billion, a PE ratio of 7.40 and a beta of 4.54. The stock’s fifty day moving average price is $10.03. Permian Resources has a fifty-two week low of $5.08 and a fifty-two week high of $11.99.
Permian Resources Announces Dividend
Institutional Trading of Permian Resources
Large investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC acquired a new stake in shares of Permian Resources in the third quarter worth $4,557,000. Mackenzie Financial Corp acquired a new stake in shares of Permian Resources in the third quarter worth $476,000. Tributary Capital Management LLC acquired a new position in Permian Resources during the 3rd quarter valued at $11,505,000. Diversified Trust Co acquired a new position in Permian Resources during the 3rd quarter valued at $270,000. Finally, Wedbush Securities Inc. acquired a new position in Permian Resources during the 3rd quarter valued at $352,000. 88.44% of the stock is currently owned by institutional investors.
Permian Resources Company Profile
Permian Resources Corp. operates as an oil and natural gas company. It focuses on the development of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded on October 6, 2014 and is headquartered in Denver, CO.
- Get a free copy of the StockNews.com research report on Permian Resources (PR)
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