NASDAQ:PNRG

PrimeEnergy Resources (PNRG) Stock Forecast, Price & News

$90.50

+2.28 (+2.58%)

(As of 10:28 AM ET)

Compare

Today's Range: $90.50
▼
$94.81
50-Day Range: $80.73
▼
$96.40
52-Week Range: $69.84
▼
$105.00

Volume: 3,034 shs
Average Volume: 6,679 shs
Market Capitalization: $167.43 million

P/E Ratio: 6.28
Dividend Yield: N/A
Price Target: N/A

PrimeEnergy Resources MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.87% of Float Sold Short
Dividend Strength: N/A
Sustainability: -9.06
Upright™ Environmental Score
News Sentiment: 0.56
Based on 2 Articles This Week
Insider Trading: Selling Shares
$1.54 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.45 out of 5 stars

Oils/Energy Sector

242nd out of 249 stocks

Crude Petroleum & Natural Gas Industry

79th out of 80 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for PrimeEnergy Resources.

3.0

Short Interest

Percentage of Shares Shorted
0.87% 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 increased by 218.75%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
PrimeEnergy Resources does not currently pay a dividend.
Dividend Growth
PrimeEnergy Resources does not have a long track record of dividend growth.

0.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PrimeEnergy Resources has received a -91.61% net impact score from Upright. The largest negative impact of Primeenergy Resources in category "GHG emissions" seems to be driven mostly by its "Crude natural gas", "Crude oil", and "Construction of oil power plants" products. See details.
Environmental Sustainability
The Environmental Impact score for PrimeEnergy Resources is -9.06.

2.0

News and Social Media Coverage

News Sentiment
PrimeEnergy Resources has a news sentiment score of 0.56. 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 news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for PrimeEnergy Resources this week, compared to 0 articles on an average week.

2.5

Company Ownership

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 $1,544,750.00 in company stock.
Percentage Held by Insiders
55.50% of the stock of PrimeEnergy Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 5.39% of the stock of PrimeEnergy Resources is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PrimeEnergy Resources is 6.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of PrimeEnergy Resources is 6.28, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 50.35.
Price to Book Value per Share Ratio
PrimeEnergy Resources has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PrimeEnergy Resources (NASDAQ:PNRG) Stock

PrimeEnergy Resources Corp. engages in acquiring, developing and producing oil and natural gas. It owns producing and non-producing properties located primarily in Texas and Oklahoma. The company was founded in March 1973 and is headquartered in Houston, TX.

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PNRG Stock News Headlines

May 17, 2023 | americanbankingnews.com

Analyzing PDC Energy (NASDAQ:PDCE) & PrimeEnergy Resources (NASDAQ:PNRG)

May 15, 2023 | americanbankingnews.com

PrimeEnergy Resources Co. (NASDAQ:PNRG) Short Interest Update

May 31, 2023 | Edge On The Street (Ad)

The Ignored EV Story Few Investors Know About

Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.

May 6, 2023 | finance.yahoo.com

Does PrimeEnergy Resources (NASDAQ:PNRG) Deserve A Spot On Your Watchlist?

April 22, 2023 | seekingalpha.com

PNRG PrimeEnergy Resources Corporation

April 19, 2023 | finance.yahoo.com

In spite of recent selling, insiders still have the largest holding in PrimeEnergy Resources Corporation (NASDAQ:PNRG) with a 59% ownership

April 17, 2023 | msn.com

PrimeEnergy Resources GAAP EPS of $17.95, revenue of $125.09M

April 3, 2023 | finance.yahoo.com

Returns On Capital Are A Standout For PrimeEnergy Resources (NASDAQ:PNRG)

May 31, 2023 | Edge On The Street (Ad)

146 Pounds of Graphite Needed for Each EV

Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.

March 13, 2023 | finance.yahoo.com

PrimeEnergy Resources' (NASDAQ:PNRG) investors will be pleased with their decent 71% return over the last three years

February 21, 2023 | finance.yahoo.com

Is PrimeEnergy Resources Corporation's (NASDAQ:PNRG) Recent Stock Performance Influenced By Its Financials In Any Way?

November 10, 2022 | benzinga.com

10% Owner of PrimeEnergy Resources Sold $368K In Stock

November 10, 2022 | benzinga.com

PrimeEnergy Resources 10% Owner Sold $368K In Company Stock

October 26, 2022 | benzinga.com

PrimeEnergy Resources 10% Owner Trades $142K In Company Stock

August 20, 2022 | seekingalpha.com

PrimeEnergy Resources GAAP EPS of $4.02, revenue of $35.7M

August 17, 2022 | finance.yahoo.com

PrimeEnergy Resources (NASDAQ:PNRG) shareholders have earned a 12% CAGR over the last five years

May 24, 2022 | seekingalpha.com

PrimeEnergy Resources GAAP EPS of $4.07, revenue of $26.21M

May 20, 2022 | nasdaq.com

PrimeEnergy Resources Swings To Q1 Profit

April 21, 2022 | seekingalpha.com

PrimeEnergy Resources GAAP EPS of $0.76, revenue of $79.61M

February 17, 2022 | finance.yahoo.com

What Type Of Shareholders Own The Most Number of PrimeEnergy Resources Corporation (NASDAQ:PNRG) Shares?

January 3, 2022 | nasdaq.com

Is PrimeEnergy Resources (NASDAQ:PNRG) Using Too Much Debt?

November 19, 2021 | markets.businessinsider.com

Primeenergy Corp. Q3 Earnings Summary

November 17, 2021 | finance.yahoo.com

Investors in PrimeEnergy Resources (NASDAQ:PNRG) have made a respectable return of 34% over the past five years

August 25, 2021 | benzinga.com

PrimeEnergy Resources Q2 EPS $(1.20) Up From $(3.14) YoY, Sales $13.66M Up From $7.28M YoY

May 18, 2021 | uk.finance.yahoo.com

PrimeEnergy Resources Stock Shows Every Sign Of Being Modestly Undervalued

April 23, 2021 | benzinga.com

PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results

February 25, 2021 | finance.yahoo.com

PrimeEnergy Resources' (NASDAQ:PNRG) Stock Price Has Reduced 58% In The Past Year

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PNRG Company Calendar

Last Earnings: 4/14/2023
Today: 5/31/2023
Next Earnings (Estimated): 8/17/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NASDAQ:PNRG
CUSIP: N/A
CIK: 56868
Web: www.primeenergy.com
Phone: (713) 735-0000
Fax: 203-358-5786
Employees: 96
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $14.42
Trailing P/E Ratio: 6.12
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $48.66 million
Net Margins: 32.05%
Pretax Margin: 38.26%
Return on Equity: 29.58%
Return on Assets: 17.27%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.94
Quick Ratio: 0.94

Sales & Book Value

Annual Sales: $125.09 million
Price / Sales: 1.30
Cash Flow: $39.74 per share
Price / Cash Flow: 2.22
Book Value: $72.50 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 1,850,000
Free Float: 823,000
Market Cap: $163.21 million
Optionable: Not Optionable
Beta: 0.75

Key Executives

Charles E. Drimal
Chairman, President & Chief Executive Officer

Beverly A. Cummings
Chief Financial Officer, Treasurer, Director & EVP

Virginia Crowe Forese
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PNRG Stock - Frequently Asked Questions

How have PNRG shares performed in 2023?: PrimeEnergy Resources' stock was trading at $86.87 at the beginning of the year. Since then, PNRG shares have increased by 1.6% and is now trading at $88.22.
View the best growth stocks for 2023 here.
Are investors shorting PrimeEnergy Resources?: PrimeEnergy Resources saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,100 shares, an increase of 218.8% from the April 30th total of 1,600 shares. Based on an average trading volume of 7,800 shares, the short-interest ratio is currently 0.7 days. Currently, 0.9% of the shares of the company are sold short.
View PrimeEnergy Resources' Short Interest.
When is PrimeEnergy Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our PNRG earnings forecast.
How were PrimeEnergy Resources' earnings last quarter?: PrimeEnergy Resources Co. (NASDAQ:PNRG) issued its quarterly earnings results on Friday, April, 14th. The oil and natural gas company reported $4.99 earnings per share (EPS) for the quarter. The oil and natural gas company had revenue of $23.53 million for the quarter. PrimeEnergy Resources had a trailing twelve-month return on equity of 29.58% and a net margin of 32.05%.
What other stocks do shareholders of PrimeEnergy Resources own?: Based on aggregate information from My MarketBeat watchlists, some companies that other PrimeEnergy Resources investors own include Bank of Hawaii (BOH), InterDigital (IDCC), STAG Industrial (STAG), Carnival Co. & (CCL), Evoke Pharma (EVOK), Clean Energy Fuels (CLNE), GSK (GSK), Las Vegas Sands (LVS), Marathon Petroleum (MPC) and NVIDIA (NVDA).

What is PrimeEnergy Resources' stock symbol?: PrimeEnergy Resources trades on the NASDAQ under the ticker symbol "PNRG."
Who are PrimeEnergy Resources' major shareholders?: PrimeEnergy Resources' stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (1.31%), Cannell Capital LLC (0.56%), Bank of America Corp DE (0.35%), Geode Capital Management LLC (0.30%), Wedbush Securities Inc. (0.29%) and Acadian Asset Management LLC (0.27%). Insiders that own company stock include Clint Hurt, Gaines Wehrle and Rothschild Robert De.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is PrimeEnergy Resources' stock price today?: One share of PNRG stock can currently be purchased for approximately $88.22.
How much money does PrimeEnergy Resources make?: PrimeEnergy Resources (NASDAQ:PNRG) has a market capitalization of $163.21 million and generates $125.09 million in revenue each year. The oil and natural gas company earns $48.66 million in net income (profit) each year or $14.42 on an earnings per share basis.
How can I contact PrimeEnergy Resources?: PrimeEnergy Resources' mailing address is 9821 Katy Freeway, HOUSTON TX, 77024. The official website for the company is www.primeenergy.com. The oil and natural gas company can be reached via phone at (713) 735-0000 or via fax at 203-358-5786.

This page (NASDAQ:PNRG) was last updated on 5/31/2023 by MarketBeat.com Staff

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