Should You Consider Buying Permian Resources Stock Now?

Permian Resources Corporation (PR) stock has had a rough ride over the past year, falling 32% from its earlier highs. That slump compares with a 37% slide for Ovintiv Inc. (OVV) and a 10% drop for Range Resources (RRC) , both of which are similarly exposed to the volatile energy space. PR recently touched a new 52-week low of $10.01, hurt by macro headwinds like recession worries, global trade tensions and falling oil prices. Yet, for investors looking beyond the headlines, the company’s core fundamentals r ...