PrimeEnergy Resources (PNRG) Stock Price, News & Analysis

Company Overview

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $145.45 to $150.00
• 50-Day Range: $105.29 to $147.40
• 52-Week Range: $92.40 to $150.00
• Volume: 6,413 shs
• Average Volume: 2,924 shs
• Market Capitalization: $264.63 million
• P/E Ratio: 10.13
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

PrimeEnergy Resources Stock Analysis - MarketRank™

PrimeEnergy Resources scored higher than 34% of companies evaluated by MarketBeat, and ranked 210th out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for PrimeEnergy Resources.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of PrimeEnergy Resources is 10.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.27.

Price to Earnings Ratio vs. Sector

The P/E ratio of PrimeEnergy Resources is 10.13, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.04.

Price to Book Value per Share Ratio

PrimeEnergy Resources has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.47% of the float of PrimeEnergy Resources has been sold short.

Short Interest Ratio / Days to Cover

PrimeEnergy Resources has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PrimeEnergy Resources has recently decreased by 24.32%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

PrimeEnergy Resources does not currently pay a dividend.

Dividend Growth

PrimeEnergy Resources does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -8.20

Percentage of Shares Shorted

0.47% of the float of PrimeEnergy Resources has been sold short.

Short Interest Ratio / Days to Cover

PrimeEnergy Resources has a short interest ratio ("days to cover") of 0.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PrimeEnergy Resources has recently decreased by 24.32%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.46

News Sentiment

PrimeEnergy Resources has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for PrimeEnergy Resources this week, compared to 1 article on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, PrimeEnergy Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,870,796.00 in company stock.

Percentage Held by Insiders

61.07% of the stock of PrimeEnergy Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

PNRG Stock Analysis - Frequently Asked Questions

How have PNRG shares performed this year?

PrimeEnergy Resources' stock was trading at $106.35 at the beginning of the year. Since then, PNRG shares have increased by 39.4% and is now trading at $148.25.
View the best growth stocks for 2024 here.

How were PrimeEnergy Resources' earnings last quarter?

PrimeEnergy Resources Co. (NASDAQ:PNRG) announced its earnings results on Wednesday, August, 14th. The oil and natural gas company reported $7.77 earnings per share for the quarter. The oil and natural gas company earned $64.83 million during the quarter. PrimeEnergy Resources had a trailing twelve-month return on equity of 28.34% and a net margin of 26.67%.

Who are PrimeEnergy Resources' major shareholders?

PrimeEnergy Resources' top institutional investors include Dimensional Fund Advisors LP (1.66%), IFG Advisory LLC (0.28%), Wedbush Securities Inc. (0.16%) and Victory Capital Management Inc. (0.12%). Insiders that own company stock include Rothschild Robert De and Clint Hurt.
View institutional ownership trends.

How do I buy shares of PrimeEnergy Resources?

Shares of PNRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PrimeEnergy Resources own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PrimeEnergy Resources investors own include Bank of Hawaii (BOH), InterDigital (IDCC), STAG Industrial (STAG), Carnival Co. & (CCL), Evoke Pharma (EVOK), Clean Energy Fuels (CLNE) and GSK (GSK).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/15/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NASDAQ:PNRG
• CUSIP: N/A
• CIK: 56868
• Web: www.primeenergy.com
• Phone: (713) 735-0000
• Fax: 203-358-5786
• Employees: 110
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $14.64
• Trailing P/E Ratio: 10.13
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $28.10 million
• Net Margins: 26.67%
• Pretax Margin: 32.65%
• Return on Equity: 28.34%
• Return on Assets: 15.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.61
• Quick Ratio: 0.61

Sales & Book Value

• Annual Sales: $178.34 million
• Price / Sales: 1.48
• Cash Flow: $38.31 per share
• Price / Cash Flow: 3.87
• Book Value: $88.41 per share
• Price / Book: 1.68

Miscellaneous

• Outstanding Shares: 1,785,000
• Free Float: 695,000
• Market Cap: $264.63 million
• Optionable: Not Optionable
• Beta: 0.55