Permian Resources Corp (NYSE:PR), an independent oil and natural gas company engaged in the acquisition, exploration, and development of oil and natural gas properties, has reported an insider sell according to a recent SEC filing. Brent Jensen, the company's Senior Vice President and Chief Accounting Officer, sold 50,000 shares of the company on February 26, 2024.
Brent Jensen has been active in the market over the past year, selling a total of 963,923 shares and making no purchases of the company's stock during that time. The transaction history for the insider at Permian Resources Corp indicates a pattern of selling, with 20 insider sells and no insider buys over the past year.
On the day of the insider's recent sell, shares of Permian Resources Corp were trading at $15.18, giving the company a market capitalization of $8.393 billion. The price-earnings ratio of the company stands at 17.05, which is above the industry median of 10.26 and also exceeds the historical median price-earnings ratio for the company.
The stock's valuation, when compared to the GuruFocus Value (GF Value) of $18.64, suggests that Permian Resources Corp is currently modestly undervalued with a price-to-GF-Value ratio of 0.81. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's decision to sell shares could be influenced by a variety of factors, but the transaction is made public through the mandatory SEC filing, which provides transparency for investors and the market. It is important to note that insider transactions are just one of many factors that investors may consider when evaluating a stock, and such transactions do not necessarily indicate a change in the company's fundamentals or future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
