There wasn't too much excitement in Permian Resources today which only managed to move up 0.59% on the day.
Currently PR isn't at a clear support/resistance line that seems tradable. Permian Resources hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. PR might find some support at the 15.14 level, buyers might push the price back up from here. But it's not very clear what will happen.
The analysts feel fairly neutral on the prospects for Permian Resources but a little more positive than negative. The current Analysts Sentiment Score is 13.04. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. Susquehanna boosted their price targ by 12.5% to $18.00 on 2024-04-22. Truist Financial decided to move up their price target on 2024-04-22 to $23.00 which is a 4.55% increase. Piper Sandler gave a boost to their price target and moved to $23.00 from $22.00 on 2024-04-19. Wells Fargo & Company boosted their price targ by 16.67% to $21.00 on 2024-04-17. Mizuho gave a boost to their price target and moved to $20.00 from $18.00 on 2024-04-15. JPMorgan Chase & Co. provided a price target boost of 11.11% to $20.00 from $18.00 on 2024-04-12. Royal Bank of Canada announced that they are reiterating a rating of Outperform on 2024-04-12 and added a price target of $17.00. Raymond James initiated a rating of Strong-Buy on 2024-04-09 and added a price target of $24.00. On 2024-03-22 Stifel Nicolaus increased their price target by 11.11% to $20.00. Benchmark provided a price target boost of 6.25% to $17.00 from $16.00 on 2024-03-05.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| PR | 13.04 | 12.38 | 0 | 14.69 | -0.98 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| PR | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| PR | 0 | %0 | 0 | 0 | 0 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| PR |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
