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Should Value Investors Buy Permian Resources Corporation (PR) Stock?
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Permian Resources Corporation (PR - Free Report) is a stock many investors are watching right now. PR is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.98, while its industry has an average P/E of 5.82. Over the past year, PR's Forward P/E has been as high as 10.51 and as low as 2.42, with a median of 5.25.
Finally, our model also underscores that PR has a P/CF ratio of 4. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.21. PR's P/CF has been as high as 13.30 and as low as 2.38, with a median of 5.53, all within the past year.
Investors could also keep in mind Ring Energy (REI - Free Report) , an Oil and Gas - Exploration and Production - United States stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A.
Ring Energy sports a P/B ratio of 1.04 as well; this compares to its industry's price-to-book ratio of 3.45. In the past 52 weeks, REI's P/B has been as high as 1.61, as low as 0.65, with a median of 0.97.
Value investors will likely look at more than just these metrics, but the above data helps show that Permian Resources Corporation and Ring Energy are likely undervalued currently. And when considering the strength of its earnings outlook, PR and REI sticks out as one of the market's strongest value stocks.
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Should Value Investors Buy Permian Resources Corporation (PR) Stock?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Permian Resources Corporation (PR - Free Report) is a stock many investors are watching right now. PR is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 3.98, while its industry has an average P/E of 5.82. Over the past year, PR's Forward P/E has been as high as 10.51 and as low as 2.42, with a median of 5.25.
Finally, our model also underscores that PR has a P/CF ratio of 4. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 8.21. PR's P/CF has been as high as 13.30 and as low as 2.38, with a median of 5.53, all within the past year.
Investors could also keep in mind Ring Energy (REI - Free Report) , an Oil and Gas - Exploration and Production - United States stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A.
Ring Energy sports a P/B ratio of 1.04 as well; this compares to its industry's price-to-book ratio of 3.45. In the past 52 weeks, REI's P/B has been as high as 1.61, as low as 0.65, with a median of 0.97.
Value investors will likely look at more than just these metrics, but the above data helps show that Permian Resources Corporation and Ring Energy are likely undervalued currently. And when considering the strength of its earnings outlook, PR and REI sticks out as one of the market's strongest value stocks.