Permian Property Plant Equipment vs Common Stock Shares Outstanding Analysis

PR Stock  USD 13.73  0.19  1.40%   
Permian Resources financial indicator trend analysis is much more than just breaking down Permian Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Permian Resources is a good investment. Please check the relationship between Permian Resources Property Plant Equipment and its Common Stock Shares Outstanding accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.

Property Plant Equipment vs Common Stock Shares Outstanding

Property Plant Equipment vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Permian Resources Property Plant Equipment account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong relationship.
The correlation between Permian Resources' Property Plant Equipment and Common Stock Shares Outstanding is 0.77. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Permian Resources, assuming nothing else is changed. The correlation between historical values of Permian Resources' Property Plant Equipment and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Permian Resources are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Property Plant Equipment i.e., Permian Resources' Property Plant Equipment and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Property Plant Equipment

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.
Most indicators from Permian Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Permian Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.At this time, Permian Resources' Tax Provision is relatively stable compared to the past year. As of 10/31/2024, Enterprise Value Over EBITDA is likely to grow to 4.34, while Sales General And Administrative To Revenue is likely to drop 0.05.
 2021 2022 2023 2024 (projected)
Interest Expense61.3M95.6M185.0M194.3M
Depreciation And Amortization289.1M444.7M1.0B1.1B

Permian Resources fundamental ratios Correlations

0.760.560.650.950.690.350.480.760.320.480.970.670.690.840.610.60.770.640.670.880.51-0.810.770.62-0.52
0.760.960.990.830.980.750.381.00.660.380.820.990.980.990.980.880.960.980.980.770.93-0.560.810.97-0.53
0.560.960.990.690.950.810.350.950.790.350.660.970.970.910.990.910.90.990.960.590.98-0.330.760.97-0.48
0.650.990.990.760.980.80.330.990.70.330.730.990.980.951.00.90.941.00.990.690.97-0.460.790.99-0.48
0.950.830.690.760.760.530.530.840.390.530.990.760.770.870.720.720.810.740.760.860.66-0.70.820.71-0.44
0.690.980.950.980.760.720.220.980.660.220.741.00.950.950.990.840.940.981.00.760.94-0.560.820.99-0.57
0.350.750.810.80.530.720.280.750.420.280.450.760.780.680.790.850.790.80.740.360.79-0.160.610.750.1
0.480.380.350.330.530.220.280.380.31.00.520.260.480.450.270.450.320.30.240.160.250.070.320.23-0.07
0.761.00.950.990.840.980.750.380.660.380.820.990.970.990.980.880.950.980.990.780.93-0.570.810.97-0.53
0.320.660.790.70.390.660.420.30.660.30.390.680.710.640.710.70.580.710.670.30.73-0.070.490.69-0.67
0.480.380.350.330.530.220.281.00.380.30.520.260.480.450.270.450.320.30.240.160.250.070.320.23-0.07
0.970.820.660.730.990.740.450.520.820.390.520.740.750.860.690.680.780.710.740.880.63-0.730.780.69-0.5
0.670.990.970.990.761.00.760.260.990.680.260.740.960.951.00.860.940.991.00.740.96-0.520.80.99-0.54
0.690.980.970.980.770.950.780.480.970.710.480.750.960.970.960.910.940.980.950.640.92-0.40.820.95-0.48
0.840.990.910.950.870.950.680.450.990.640.450.860.950.970.930.860.960.950.950.80.87-0.610.830.93-0.57
0.610.980.991.00.720.990.790.270.980.710.270.691.00.960.930.880.931.00.990.670.98-0.440.780.99-0.5
0.60.880.910.90.720.840.850.450.880.70.450.680.860.910.860.880.90.90.850.610.86-0.340.70.83-0.29
0.770.960.90.940.810.940.790.320.950.580.320.780.940.940.960.930.90.950.930.760.84-0.60.870.92-0.43
0.640.980.991.00.740.980.80.30.980.710.30.710.990.980.951.00.90.950.990.680.96-0.450.810.99-0.49
0.670.980.960.990.761.00.740.240.990.670.240.741.00.950.950.990.850.930.990.740.96-0.530.80.99-0.55
0.880.770.590.690.860.760.360.160.780.30.160.880.740.640.80.670.610.760.680.740.61-0.90.640.68-0.55
0.510.930.980.970.660.940.790.250.930.730.250.630.960.920.870.980.860.840.960.960.61-0.340.680.96-0.45
-0.81-0.56-0.33-0.46-0.7-0.56-0.160.07-0.57-0.070.07-0.73-0.52-0.4-0.61-0.44-0.34-0.6-0.45-0.53-0.9-0.34-0.52-0.470.48
0.770.810.760.790.820.820.610.320.810.490.320.780.80.820.830.780.70.870.810.80.640.68-0.520.79-0.47
0.620.970.970.990.710.990.750.230.970.690.230.690.990.950.930.990.830.920.990.990.680.96-0.470.79-0.55
-0.52-0.53-0.48-0.48-0.44-0.570.1-0.07-0.53-0.67-0.07-0.5-0.54-0.48-0.57-0.5-0.29-0.43-0.49-0.55-0.55-0.450.48-0.47-0.55
Click cells to compare fundamentals

Permian Resources Account Relationship Matchups

Permian Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding276.6M277.4M310.2M322.8M389.1M255.8M
Total Assets4.7B3.8B3.8B8.5B15.1B15.8B
Other Current Liab925K18.3M36.2M519.9M1.1B1.2B
Total Current Liabilities254.5M131.9M167.9M605.6M1.2B1.3B
Total Stockholder Equity3.3B2.6B2.8B2.9B6.3B3.2B
Net Debt1.1B1.1B833.6M2.2B3.8B4.0B
Retained Earnings282.3M(400.5M)(262.3M)237.2M569.1M597.6M
Cash10.2M5.8M9.4M59.5M73.9M38.1M
Non Current Assets Total4.6B3.8B3.7B8.0B14.4B15.1B
Non Currrent Assets Other(175.3M)19.2M15.9M70.2M149.0M156.5M
Cash And Short Term Investments10.2M5.8M9.4M59.5M73.9M38.1M
Liabilities And Stockholders Equity4.7B3.8B3.8B8.5B15.1B15.8B
Other Stockholder Equity3.0B3.0B3.0B2.7B5.8B3.1B
Total Liab1.4B1.2B1.1B2.8B5.8B6.1B
Total Current Assets120.1M65.6M86.5M463.8M650.4M682.9M
Property Plant And Equipment Net4.5B3.7B3.7B8.0B14.1B14.8B
Accounts Payable21.5M5.1M9.7M51.4M94.5M99.3M
Other Assets40.4M19.2M15.9M74.6M85.8M90.1M
Long Term Debt1.1B1.1B825.6M2.1B3.8B4.0B
Net Receivables101.9M54.6M71.3M282.8M481.1M505.1M
Long Term Debt Total1.1B1.1B825.6M2.1B2.5B2.6B
Non Current Liabilities Total1.2B1.1B886.0M2.2B4.6B4.8B
Capital Surpluse3.0B3.0B3.0B2.7B3.1B3.1B
Other Current Assets8.0M5.2M5.9M20.6M95.5M100.2M
Cash And Equivalents10.2M5.8M9.4M59.5M53.6M40.5M
Short Term Debt9.2M3.2M1.4M29.8M33.0M34.7M
Property Plant Equipment4.5B3.7B3.7B8.0B9.1B4.7B
Short Long Term Debt Total1.1B1.1B843.0M2.2B3.9B4.1B
Other Liab102.4M22.6M44.4M48.6M43.7M47.2M
Net Tangible Assets3.3B2.6B2.8B2.9B2.6B2.3B
Net Invested Capital4.3B3.7B3.6B5.1B10.2B5.6B
Net Working Capital(134.3M)(66.3M)(81.4M)(141.8M)(591.2M)(561.6M)

Pair Trading with Permian Resources

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Permian Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Permian Resources will appreciate offsetting losses from the drop in the long position's value.

Moving together with Permian Stock

  0.65SD SandRidge EnergyPairCorr
  0.9SM SM EnergyPairCorr
The ability to find closely correlated positions to Permian Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Permian Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Permian Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Permian Resources to buy it.
The correlation of Permian Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Permian Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Permian Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Permian Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Tools for Permian Stock Analysis

When running Permian Resources' price analysis, check to measure Permian Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Permian Resources is operating at the current time. Most of Permian Resources' value examination focuses on studying past and present price action to predict the probability of Permian Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Resources' price. Additionally, you may evaluate how the addition of Permian Resources to your portfolios can decrease your overall portfolio volatility.