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: $162.15 to $164.95
• 50-Day Range: $124.45 to $170.10
• 52-Week Range: $92.40 to $174.98
• Volume: 2,337 shs
• Average Volume: 3,480 shs
• Market Capitalization: $294.44 million
• P/E Ratio: 8.87
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

PrimeEnergy Resources Stock Analysis - MarketRank™

PrimeEnergy Resources scored higher than 27% of companies evaluated by MarketBeat, and ranked 228th out of 265 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 8.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.70.

Price to Earnings Ratio vs. Sector

The P/E ratio of PrimeEnergy Resources is 8.87, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.08.

Price to Book Value per Share Ratio

PrimeEnergy Resources has a P/B Ratio of 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.46% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PrimeEnergy Resources has recently increased by 115.00%, indicating that investor sentiment is decreasing 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

1.46% 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 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in PrimeEnergy Resources has recently increased by 115.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.71

News Sentiment

PrimeEnergy Resources has a news sentiment score of 0.71. 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 higher news sentiment than the 0.49 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for PrimeEnergy Resources this week, compared to 1 article on an average week.

Search Interest

1 people have searched for PNRG on MarketBeat in the last 30 days.

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 $1,600,012.00 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 on January 1st, 2024. Since then, PNRG stock has increased by 55.1% and is now trading at $164.95.
View the best growth stocks for 2024 here.

How were PrimeEnergy Resources' earnings last quarter?

PrimeEnergy Resources Co. (NASDAQ:PNRG) released 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 had revenue of $64.83 million for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a trailing twelve-month return on equity of 28.34%.

Who are PrimeEnergy Resources' major shareholders?

Top institutional investors of PrimeEnergy Resources include Janney Montgomery Scott LLC (0.46%), Heritage Investors Management Corp (0.28%), Farther Finance Advisors LLC (0.11%) and Brown Lisle Cummings Inc. (0.11%). 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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 10/31/2024
• 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: 115
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $14.64
• Trailing P/E Ratio: 8.87
• 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: 1.65
• Cash Flow: $32.41 per share
• Price / Cash Flow: 5.09
• Book Value: $88.41 per share
• Price / Book: 1.87

Miscellaneous

• Outstanding Shares: 1,785,000
• Free Float: 682,000
• Market Cap: $294.44 million
• Optionable: Not Optionable
• Beta: 0.55