How to Buy Permian Resources Stock
Permian Resources Corp
Centennial Resource Development, Inc. , an independent oil and natural gas company, focuses on the development of unconventional oil and associated liquids-rich natural gas reserves in the United States.
Permian Resources stock last closed at $17.18, up 0.06% from the previous day, and has increased 61.92% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.44 percentage points. Permian Resources stock is currently +92.17% from its 52-week low of $8.94, and -6.02% from its 52-week high of $18.28.
As of Apr 23, 2024, there are 771.86M PR shares outstanding. The market cap of PR is $13.26B. In the past 24 hours, 5.85M PR shares were traded.
How to Buy Permian Resources Stock
Not sure how to invest in Permian Resources stock? Here's how.
- Figure out where to buy Permian Resources stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Permian Resources stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Select your method of payment and add your information.
- Research Permian Resources stock: The Permian Resources ticker symbol is PR. Is Permian Resources stock a good investment? Should you buy shares of PR? How do PR's underlying business fundamentals look? Do top analysts think Permian Resources is a good buy? Why has PR's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if PR is a good stock to buy).
- Make your PR trade: Decide if you will purchase PR shares at the current market price or use a limit order to buy PR stock at a given price.
- Keep an eye on your PR position: Create a watchlist to keep tabs on your investment in Permian Resources shares.
Step 1: Figure out where to buy Permian Resources stock
You will need a brokerage account in order to access the NYSE market and buy PR stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you can invest in PR today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have filled out your info on the best stock trading app, you need to deposit funds:
Watch the walkthrough below if you need help depositing money into your new investment account.
Step 4: Research Permian Resources stock
After you have figured out the best place to buy Permian Resources stock, it's very important to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Permian Resources Metrics
PR Overview
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on PR's stock page.
What is the fair value of PR stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge PR's intrinsic value.
Using relative valuations measures:
- PR could be undervalued based on its P/E ratio of 12.63x, relative to Oil & Gas E&P industry P/E ratio of 13.45x
- PR may be undervalued based on its P/B ratio of 2.09x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
- PR may be undervalued based on its PEG ratio of 0.27x
You can do more valuation research on PR's stock here.
PR Financials at a glance
Pros:
- PR's operating cash flow of $2.21B allows it to safely service it's debt of $3.91B.
Cons:
- There are more short-term liabilities than short-term assets on the PR balance sheet.
- PR earnings of $809.46M is not sufficient to cover its interest payments.
- PR profit margin has gone down from 24.2% to 15.3% in the past year.
- There are more long-term liabilities than short-term assets on the PR balance sheet.
- PR has a relatively high debt to equity ratio of 0.91.
- Total PR debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy PR stock
Out of 13 sell side analysts who give ratings on PR, the consensus analyst rating on Permian Resources is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent PR Analyst Ratings
Nitin Kumar, a top 1% analyst from Mizuho maintains PR with a strong buy rating and raises their PR price target from $18.00 to $20.00, on Apr 15, 2024.
Scott Hanold, a top 2% analyst from RBC Capital reiterates PR with a buy rating and maintains their PR price target from $17.00 to $17.00, on Apr 12, 2024.
Arun Jayaram, a top 11% analyst from JP Morgan maintains PR with a strong buy rating and raises their PR price target from $18.00 to $20.00, on Apr 12, 2024.
JP Morgan's Arun Jayaram raised their price target on Permian Resources (NYSE: PR) by 11.1% from $18 to $20 on 2024/04/12. The analyst maintained their Strong Buy rating on the stock.
Jayaram's price target hike was delivered in a preview of Permian Resources' Q1 2024 earnings, scheduled for release on 2024/05/06.
The analyst reported that JP Morgan revised its model to account for "current strip pricing."
Permian Resources entered 2024 with strong operational momentum, Jayaram added, with the result that they anticipate an "upbeat" Q1 print.
John Freeman, a top 1% analyst from Raymond James initiates coverage on PR with a strong buy rating and announces their PR price target of $24.00, on Apr 9, 2024.
Derrick Whitfield, a top 9% analyst from Stifel Nicolaus maintains PR with a strong buy rating and raises their PR price target from $18.00 to $20.00, on Mar 22, 2024.
You can dig deeper into what analysts are saying on the Permian Resources stock forecast page.
PR Technical Indicators
PR Growth Numbers
Last year, PR earnings were $476.31M. Over the last five year, PR's earnings have increased by 12.34% per year. This was slower than the Oil & Gas E&P industry average of 14.2%.
Last year, PR revenue was $3.12B. Over the past five year, PR's revenue has increased by 28.49% per year. This was faster than the Oil & Gas E&P industry average of 19.41%.
Dig into PR's earnings and revenue performance here.
Latest Insiders Trades at PR
In the past 12 months, insiders at PR have sold more shares than they have bought.
Robert John Anderson, Director of PR, was the latest PR insider to sell. They sold $15,710,000.00 worth of PR stock on Mar 6, 2024.
Research more about who owns PR shares here.
Can I get consistent income from PR stock?
Permian Resources pays a dividend of 2.74%, compared to the Oil & Gas E&P industry's average dividend yield of 3.54%. If you owned $1,000 worth of PR stock, you would have been paid $27.36 in the past year.
Find more data about Permian Resources dividend yield and history here.
PR Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your PR trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and your broker will execute the order.
If you require more help investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your PR position
Now that you own some PR stock, you'll want to stay up-to-date on your investment.
Make a watchlist to get alerted to the latest events about your PR stock.
PR Feed
How to Buy Stock in Permian Resources
To summarize, here are the 6 steps to buy Permian Resources stock:
- Figure out where to buy Permian Resources stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Permian Resources stock
- Make your PR trade
- Keep an eye on your PR position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Permian Resources, add PR to your watchlist by clicking the button below.
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