Permian Stock Today

PR
 Stock
  

USD 8.92  0.15  1.65%   

Market Performance
6 of 100
Odds Of Distress
Less than 10
Permian Resources is selling at 8.92 as of the 7th of December 2022; that is -1.65% down since the beginning of the trading day. The stock's lowest day price was 8.9. Permian Resources has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Permian Resources symbol was changed from CDEV on 2nd of September 2022. Equity ratings for Permian Resources Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2022 and ending today, the 7th of December 2022. Click here to learn more.
Fiscal Year End
December
IPO Date
1st of September 2022
Category
Energy
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Permian Resources Corporation was incorporated in 2015 and is headquartered in Midland, Texas. The company has 288.5 M outstanding shares of which 41.31 M shares are at this time sold short in the market by investors with about 6.71 days to cover all shorted shares. More on Permian Resources Corp

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Permian Resources Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Permian Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Permian Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Permian Resources has very high historical volatility over the last 90 days
Permian Resources Corp was previously known as CDEV Old and was traded on NASDAQ Exchange under the symbol CDEV.
The company reports 825.57 M of total liabilities with total debt to equity ratio (D/E) of 0.43, which is normal for its line of buisiness. Permian Resources Corp has a current ratio of 0.71, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist Permian Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Permian Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Permian Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Permian to invest in growth at high rates of return. When we think about Permian Resources' use of debt, we should always consider it together with cash and equity.
Over 89.0% of Permian Resources shares are owned by institutional investors
On 29th of November 2022 Permian Resources paid $ 0.05 per share dividend to its current shareholders
Latest headline from news.google.com: Calculating The Intrinsic Value Of Permian Resources Corporation - Simply Wall St
Older SymbolCDEV
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Permian Resources Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Permian Resources Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted256.4 M310.2 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares238.3 M280.9 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets3.913.6209
Significantly Up
Decreasing
Stable
Net Cash Flow from Operations567.1 M525.6 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities147.1 M167.9 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities876.4 M1.1 B
Significantly Down
Increasing
Slightly volatile
Asset Turnover0.230.2699
Fairly Down
Increasing
Slightly volatile
Current Assets87.2 M86.5 M
Slightly Up
Increasing
Slightly volatile
Total Assets3.2 B3.8 B
Fairly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Permian Resources' available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Permian Resources Corp (PR) is traded on New York Stock Exchange in USA and employs 147 people. Permian Resources Corp was previously known as CDEV Old and was traded on NASDAQ Exchange under the symbol CDEV. The company currently falls under 'Mid-Cap' category with a market capitalization of 5.25 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Permian Resources's market, we take the total number of its shares issued and multiply it by Permian Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Permian Resources Corp is active under Energy sector as part of Oil & Gas E&P industry. The entity has 288.5 M outstanding shares of which 41.31 M shares are at this time sold short in the market by investors with about 6.71 days to cover all shorted shares. Permian Resources Corp reports about 9.38 M in cash with 525.62 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.16.
Check Permian Resources Probability Of Bankruptcy
Ownership
Permian Resources owns a total of two hundred eighty-eight million five hundred thousand nine hundred ninety-two outstanding shares. The majority of Permian Resources Corp outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Permian Resources Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Permian Resources. Please pay attention to any change in the institutional holdings of Permian Resources Corp as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Permian Ownership Details

Permian Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Permian Resources jumping above the current price in 90 days from now is about 52.6%. The Permian Resources Corp probability density function shows the probability of Permian Resources stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.7132 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Permian Resources will likely underperform. Additionally, the company has an alpha of 0.1517, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 8.92HorizonTargetOdds Above 8.92
47.29%90 days
 8.92 
52.60%
Based on a normal probability distribution, the odds of Permian Resources to move above the current price in 90 days from now is about 52.6 (This Permian Resources Corp probability density function shows the probability of Permian Stock to fall within a particular range of prices over 90 days) .

Permian Resources Historical Income Statement

Permian Resources Corp Income Statement is one of the three primary financial statements used for reporting Permian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Permian Resources Corp revenue and expense. Permian Resources Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Permian Resources Net Income is relatively stable at the moment as compared to the past year. Permian Resources reported last year Net Income of 138.18 Million. As of 12/07/2022, Operating Income is likely to grow to about 363 M, while Weighted Average Shares is likely to drop slightly above 238.3 M. View More Fundamentals

Permian Stock Against Markets

Picking the right benchmark for Permian Resources stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Permian Resources stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Permian Resources is critical whether you are bullish or bearish towards Permian Resources Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Permian Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Permian Resources Corporate Management

Elected by the shareholders, the Permian Resources' board of directors comprises two types of representatives: Permian Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Permian. The board's role is to monitor Permian Resources' management team and ensure that shareholders' interests are well served. Permian Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Permian Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

Invested in Permian Resources Corp?

The danger of trading Permian Resources Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Permian Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Permian Resources. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Permian Resources Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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Is Permian Resources' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Permian Resources. If investors know Permian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Permian Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
4.728
Market Capitalization
5.3 B
Quarterly Revenue Growth YOY
0.906
Return On Assets
0.0895
Return On Equity
0.1757
The market value of Permian Resources Corp is measured differently than its book value, which is the value of Permian that is recorded on the company's balance sheet. Investors also form their own opinion of Permian Resources' value that differs from its market value or its book value, called intrinsic value, which is Permian Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Permian Resources' market value can be influenced by many factors that don't directly affect Permian Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Permian Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine Permian Resources value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Permian Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.