In a filing, Permian Resources Corp revealed its 10% Owner EnCap Partners GP, LLC unloaded Company’s shares for reported $141.39 million on Mar 06 ’24. In the deal valued at $15.71 per share,9,000,000 shares were sold. As a result of this transaction, EnCap Partners GP, LLC now holds 25,477,527 shares worth roughly $451.72 million.
Then, Hickey William M III sold 4,000,000 shares, generating $62,840,000 in total proceeds. Upon selling the shares at $15.71, the Co-Chief Executive Officer now owns 0 shares.
Before that, Walter James H sold 4,000,000 shares. Permian Resources Corp shares valued at $62,840,000 were divested by the Co-Chief Executive Officer at a price of $15.71 per share. As a result of the transaction, Walter James H now holds 0 shares, worth roughly $0.0.
Raymond James initiated its Permian Resources Corp [PR] rating to a Strong buy in a research note published on April 09, 2024; the price target was $24. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early January with a ‘”a Neutral”‘ rating. Wells Fargo began covering PR with “an Overweight” recommendation on November 15, 2023. Mizuho revised its rating on August 16, 2023. It rated PR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PR
On Friday, Permian Resources Corp [NYSE:PR] saw its stock fall -0.45% to $17.73. Over the last five days, the stock has lost -1.12%. Permian Resources Corp shares have risen nearly 31.19% since the year began. Nevertheless, the stocks have risen 60.80% over the past one year. While a 52-week high of $18.27 was reached on 04/12/24, a 52-week low of $8.80 was recorded on 02/05/24. SMA at 50 days reached $15.84, while 200 days put it at $13.80. A total of 7.08 million shares were traded, compared to the trading of 6.28 million shares in the previous session.
Levels Of Support And Resistance For PR Stock
The 24-hour chart illustrates a support level at 17.43, which if violated will result in even more drops to 17.14. On the upside, there is a resistance level at 18.15. A further resistance level may holdings at 18.58. The Relative Strength Index (RSI) on the 14-day chart is 65.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.31%. Stochastics %K at 67.88% indicates the stock is a holding.
The most recent change occurred on July 13, 2023 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $14 price target.
