NASDAQ:PNRG

PrimeEnergy Resources (PNRG) Stock Forecast, Price & News

$112.10

+4.52 (+4.20%)

(As of 09/22/2023 ET)

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Today's Range: $110.09
▼
$112.10
50-Day Range: $90.08
▼
$118.51
52-Week Range: $69.84
▼
$119.99

Volume: 3,263 shs
Average Volume: 4,651 shs
Market Capitalization: $206.26 million

P/E Ratio: 7.88
Dividend Yield: N/A
Price Target: N/A

PrimeEnergy Resources MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
2.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: -8.55
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: Selling Shares
$211,974 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.

1.81 out of 5 stars

Oils/Energy Sector

203rd out of 244 stocks

Crude Petroleum & Natural Gas Industry

69th out of 80 stocks

N/A

Analyst's Opinion

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

5.0

Short Interest

Percentage of Shares Shorted
2.39% 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 2.7, 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 10.39%, indicating that investor sentiment is improving 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.

0.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
PrimeEnergy Resources has received a -96.71% net impact score from Upright. The largest negative impact of Primeenergy Resources in category "GHG emissions" seems to be driven mostly by its "Crude oil", "Crude natural gas", and "Construction of oil power plants" products. See details.
Environmental Sustainability
The Environmental Impact score for PrimeEnergy Resources is -8.55.

2.6

News and Social Media Coverage

News Sentiment
PrimeEnergy Resources has a news sentiment score of 0.67. 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 1 news article for PrimeEnergy Resources this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for PNRG on MarketBeat in the last 30 days.

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 $211,974.00 in company stock.
Percentage Held by Insiders
59.66% 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 9.82% 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 7.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of PrimeEnergy Resources is 7.88, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 8.92.
Price to Book Value per Share Ratio
PrimeEnergy Resources has a P/B Ratio of 1.55. 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 Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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. The company was incorporated in 1973 and is headquartered in Houston, Texas.

PNRG Price History

30 days | 90 days | 365 days | Advanced Chart

PNRG Stock News Headlines

September 19, 2023 | americanbankingnews.com

PrimeEnergy Resources (NASDAQ:PNRG) Shares Cross Above Two Hundred Day Moving Average of $91.47

August 16, 2023 | finance.yahoo.com

PrimeEnergy Resources Corporation's (NASDAQ:PNRG) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

September 24, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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August 15, 2023 | finance.yahoo.com

CORRECTING and REPLACING PrimeEnergy Resources Corporation Announces Second Quarter Results

July 9, 2023 | fool.com

PrimeEnergy Resources (NASDAQ: PNRG)

June 30, 2023 | businesswire.com

PrimeEnergy Resources Corporation joins the Russell 2000 ® Index

June 30, 2023 | finance.yahoo.com

PrimeEnergy Resources Corporation joins the Russell 2000® Index

June 7, 2023 | finance.yahoo.com

PrimeEnergy Resources Corporation Announces Annual Meeting Results:

September 24, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

June 1, 2023 | finance.yahoo.com

PNRG - PrimeEnergy Resources Corporation

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)

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?

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PNRG Company Calendar

Last Earnings: 8/14/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/20/2023
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: 114
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $14.22
Trailing P/E Ratio: 7.88
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $48.66 million
Net Margins: 32.95%
Pretax Margin: 39.33%
Return on Equity: 27.40%
Return on Assets: 16.13%

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: 1.65
Cash Flow: $39.61 per share
Price / Cash Flow: 2.83
Book Value: $72.50 per share
Price / Book: 1.55

Miscellaneous

Outstanding Shares: 1,840,000
Free Float: 740,000
Market Cap: $206.26 million
Optionable: Not Optionable
Beta: 0.74

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Key Executives

Mr. Charles E. Drimal Jr. (Age 75)
Pres, CEO & Chairman
Comp: $4.47M

Ms. Beverly A. Cummings CPA (Age 70)
Exec. VP, CFO, Treasurer, Principal Financial Officer & Director
Comp: $2.24M

Virginia M. Forese
Corp. Sec.

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 2023. Since then, PNRG shares have increased by 29.0% and is now trading at $112.10.
View the best growth stocks for 2023 here.
When is PrimeEnergy Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 20th 2023.
View our PNRG earnings forecast.
How were PrimeEnergy Resources' earnings last quarter?: PrimeEnergy Resources Co. (NASDAQ:PNRG) issued its earnings results on Monday, August, 14th. The oil and natural gas company reported $3.82 EPS for the quarter. The oil and natural gas company earned $29.61 million during the quarter. PrimeEnergy Resources had a net margin of 32.95% and a trailing twelve-month return on equity of 27.40%.
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 a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (1.53%), BlackRock Inc. (1.33%), Geode Capital Management LLC (0.69%), Northern Trust Corp (0.55%), State Street Corp (0.37%) and Janney Montgomery Scott 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 $112.10.
How much money does PrimeEnergy Resources make?: PrimeEnergy Resources (NASDAQ:PNRG) has a market capitalization of $206.26 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 $14.22 on an earnings per share basis.
How many employees does PrimeEnergy Resources have?: The company employs 114 workers across the globe.
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 9/24/2023 by MarketBeat.com Staff

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