MetLife Investment Management LLC purchased a new stake in shares of Permian Resources Co. (NASDAQ:PR – Get Rating) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 107,204 shares of the company’s stock, valued at approximately $729,000.
A number of other large investors also recently bought and sold shares of PR. First Horizon Advisors Inc. purchased a new position in Permian Resources in the third quarter worth about $31,000. Strategic Asset Management LLC purchased a new position in Permian Resources in the third quarter worth about $34,000. Allspring Global Investments Holdings LLC purchased a new position in Permian Resources in the third quarter worth about $65,000. Forum Financial Management LP purchased a new position in Permian Resources in the third quarter worth about $71,000. Finally, Xponance Inc. purchased a new position in Permian Resources in the third quarter worth about $79,000. 88.44% of the stock is owned by hedge funds and other institutional investors.
Permian Resources Trading Up 3.1 %
Shares of NASDAQ PR opened at $11.14 on Thursday. The firm’s 50 day simple moving average is $9.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 6.92 and a beta of 4.53. Permian Resources Co. has a 12-month low of $5.08 and a 12-month high of $11.48.
Permian Resources Dividend Announcement
Wall Street Analyst Weigh In
Several research analysts have issued reports on PR shares. Piper Sandler decreased their target price on shares of Permian Resources from $15.00 to $14.00 in a report on Thursday, December 1st. Citigroup lifted their price target on shares of Permian Resources from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen upgraded shares of Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday. Cowen upgraded shares of Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday. Finally, TD Cowen upgraded shares of Permian Resources from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.80.
Permian Resources 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.
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