Permian Resources Corporation Class A PR

Permian Resources currently trades at $21.37 per share and has shown little upside over the past six months, posting a small loss of 0.6%. The stock also fell short of the S&P 500’s 21.4% gain during that period.

Permian Resources Corporation (NYSE:PR) posted its best free cash flow quarter in company history, but the same volatility that lifted oil prices enough to fund it is now whipsawing the same market. Permian Resources Corporation (NYSE:PR) record free cash flow came as the broader energy sector continues to benefit from higher oil prices, although the […]

Permian Resources has delivered a very strong multi year run, and the question now is whether the current share price properly reflects what the business is earning. With the stock closing at US$22.95 most recently, the issue is whether those earnings can support that level. Over the past 5 years the stock has returned about 370.8%, which puts a lot of weight on whether its profit base can carry that kind of re rating. The business model is closely tied to converting production into...