Permian Resources Corp's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 5 out of 120 in the Oil & Gas industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 24.75.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Permian Resources Corp's Score
Industry at a Glance
Industry Ranking
5 / 120
Overall Ranking
93 / 4573
Industry
Oil & Gas
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Negative
Permian Resources Corp Highlights
StrengthsRisks
Permian Resources Corporation is an independent oil and natural gas company. The Company is focused on the acquisition, optimization and development of oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin. Its position consists of approximately 450,000 net leasehold acres and over 88,000 net royalty acres across the Permian Basin. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 62.30% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 5.07B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 47.93%.
Overvalued
The company’s latest PB is 1.42, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 699.11M shares, decreasing 9.01% quarter-over-quarter.
Permian Resources Corporation is an independent oil and natural gas company. The Company is focused on the acquisition, optimization and development of oil and natural gas properties. The Company's assets and operations are concentrated in the core of the Delaware Basin. Its position consists of approximately 450,000 net leasehold acres and over 88,000 net royalty acres across the Permian Basin. The majority of its assets are concentrated within the Delaware Basin in Eddy and Lea Counties, New Mexico and Reeves and Ward Counties, Texas.