Permian Resources Corporation

Permian Resources Corporationverified

PR

Price:

$16.05

Market Cap:

$12.36B

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022. Permian Resources Corporation was in...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2016-04-15

Stock Exchange

NYSE

Ticker

PR

The Current Ratio as of July 2024 (TTM) for Permian Resources Corporation (PR) is 0.55

According to Permian Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.55. This represents a change of -9.09% compared to the average of 0.60 of the last 4 quarters.

Permian Resources Corporation (PR) Historical Current Ratio (quarterly & annually)

How has PR Current Ratio performed in the past?

The mean historical Current Ratio of Permian Resources Corporation over the last ten years is 0.62. The current 0.55 Current Ratio has changed 8.71% with respect to the historical average. Over the past ten years (40 quarters), PR's Current Ratio was at its highest in in the June 2016 quarter at 488.59. The Current Ratio was at its lowest in in the March 2020 quarter at 0.31.

Quarterly (TTM)
Annual

Average

0.62

Median

0.52

Minimum

0

Maximum

1.65

Permian Resources Corporation (PR) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Permian Resources Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 0%

Maximum Annual Current Ratio = 1.65

Minimum Annual Increase = 0%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.52-31.60%
20220.7748.60%
20210.523.63%
20200.505.35%
20190.47-10.17%
20180.53-48.17%
20171.01-38.71%
20161.65610.73%
20150.23Infinity%
201400%

Permian Resources Corporation (PR) Average Current Ratio

How has PR Current Ratio performed in the past?

The current Current Ratio of Permian Resources Corporation (PR) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.60

5-year avg

0.55

10-year avg

0.62

Permian Resources Corporation (PR) Current Ratio vs. Peers

How is PR’s Current Ratio compared to its peers?

Permian Resources Corporation’s Current Ratio is less than Pioneer Natural Resources Company (0.90), less than Devon Energy Corporation (1.04), less than EOG Resources, Inc. (2.32), less than Coterra Energy Inc. (1.49), less than Range Resources Corporation (1.35), less than Southwestern Energy Company (0.62), less than EQT Corporation (0.88), less than Comstock Resources, Inc. (0.64), less than Vital Energy, Inc. (1.22), less than SM Energy Company (1.48), less than Matador Resources Company (0.89), greater than Obsidian Energy Ltd. (0.45), less than SilverBow Resources, Inc. (0.63), less than Magnolia Oil & Gas Corporation (1.71), greater than Ring Energy, Inc. (0.50), greater than Callon Petroleum Company (0.39), less than SandRidge Energy, Inc. (4.70), greater than Earthstone Energy, Inc. (0.47),

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