Benzinga - by Benzinga Insights, Benzinga Staff Writer.
EnCap Partners GP LLC, 10% Owner at Permian Resources (NYSE:PR), disclosed an insider sell on December 21, according to a recent SEC filing.
What Happened: LLC opted to sell 7,507,508 shares of Permian Resources, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $97,072,078.
In the Friday's morning session, Permian Resources's shares are currently trading at $13.48, experiencing a up of 0.07%.
About Permian Resources Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets.
Understanding the Numbers: Permian Resources's Finances Revenue Growth: Over the 3 months period, Permian Resources showcased positive performance, achieving a revenue growth rate of 37.97% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Navigating Financial Profits:
- Gross Margin: The company maintains a high gross margin of 54.82%, indicating strong cost management and profitability compared to its peers.
- Earnings per Share (EPS): Permian Resources's EPS reflects a decline, falling below the industry average with a current EPS of 0.14.
Navigating Market Valuation:
- Price to Earnings (P/E) Ratio: Permian Resources's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 15.13.
- Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.69, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): The company's EV/EBITDA ratio 5.38 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
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Why Pay Attention to Insider Transactions Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
Transaction Codes To Focus On When it comes to transactions, investors tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Permian Resources's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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