Permian Resources Corporation (PR)
Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquid-rich natural gas reserves in the United States. The company is headquartered in Midland, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 16.21% per annum.
- PR price at the close of July 11, 2025 was $14.16 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 192.67% per annum.
- PR price at the close of July 11, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of PR price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 26, 2024
End date: June 10, 2025
a = 3.4045
b = -0.0005
s = 0.0679
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0005) – 1
= -16.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0679) – 1
= 31.22%
February 26, 2024 calculations
Top border of price channel:
Exp(Y911)
= Exp(a + b × X911 + 2 × s)
= Exp(a + b × 1,323 + 2 × s)
= Exp(3.4045 + -0.0005 × 1,323 + 2 × 0.0679)
= Exp(2.8994)
= $18.16
Bottom border of price channel:
Exp(Y911)
= Exp(a + b × X911 – 2 × s)
= Exp(a + b × 1,323 – 2 × s)
= Exp(3.4045 + -0.0005 × 1,323 – 2 × 0.0679)
= Exp(2.6276)
= $13.84
June 10, 2025 calculations
Top border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 + 2 × s)
= Exp(a + b × 1,793 + 2 × s)
= Exp(3.4045 + -0.0005 × 1,793 + 2 × 0.0679)
= Exp(2.6717)
= $14.46
Bottom border of price channel:
Exp(Y1,234)
= Exp(a + b × X1,234 – 2 × s)
= Exp(a + b × 1,793 – 2 × s)
= Exp(3.4045 + -0.0005 × 1,793 – 2 × 0.0679)
= Exp(2.3999)
= $11.02
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 16.21% per annum.
- PR price at the close of July 11, 2025 was $14.16 and was inside the primary price channel.
Secondary Trend
Start date: April 4, 2025
End date: July 11, 2025
a = -2.6708
b = 0.0029
s = 0.0440
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0029) – 1
= 192.67%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0440) – 1
= 19.23%
April 4, 2025 calculations
Top border of price channel:
Exp(Y1,189)
= Exp(a + b × X1,189 + 2 × s)
= Exp(a + b × 1,726 + 2 × s)
= Exp(-2.6708 + 0.0029 × 1,726 + 2 × 0.0440)
= Exp(2.4952)
= $12.12
Bottom border of price channel:
Exp(Y1,189)
= Exp(a + b × X1,189 – 2 × s)
= Exp(a + b × 1,726 – 2 × s)
= Exp(-2.6708 + 0.0029 × 1,726 – 2 × 0.0440)
= Exp(2.3193)
= $10.17
July 11, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-2.6708 + 0.0029 × 1,824 + 2 × 0.0440)
= Exp(2.7836)
= $16.18
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-2.6708 + 0.0029 × 1,824 – 2 × 0.0440)
= Exp(2.6077)
= $13.57
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 192.67% per annum.
- PR price at the close of July 11, 2025 was inside the secondary price channel.