PrimeEnergy ResourcesPNRG
PNRG
About: PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
Employees: 115
0
Funds holding %
of 7,398 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
633% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 3
108% more capital invested
Capital invested by funds: $29.8M [Q3] → $62.1M (+$32.3M) [Q4]
31% more funds holding
Funds holding: 59 [Q3] → 77 (+18) [Q4]
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
4.08% more ownership
Funds ownership: 12.36% [Q3] → 16.44% (+4.08%) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for PNRG.
Financial journalist opinion
Neutral
Seeking Alpha
2 months ago
PrimeEnergy Resources: Growth Likely To Continue
PrimeEnergy Resources Corporation is a small, growing upstream company. The company is NASDAQ listed with a small float (as in low liquidity). Therefore, limit orders and patience are suggested. Insiders, including CEO Charles Drimal Jr., hold a significant portion of shares, resulting in less than 40% of shares being available to the public.
Positive
Zacks Investment Research
2 months ago
Is PrimeEnergy Still Worth Buying After Surging 82% in 6 Months?
PNRG's focus on horizontal drilling in West Texas boosts production rates and accelerates returns, aligning with industry trends to enhance resource recovery.
Positive
Investors Business Daily
3 months ago
This Commodity Rallied 67% In 2 Months. These 6 Stocks Are Of Interest.
U.S. natural gas prices are trading around two-year highs as cold temperatures and potentially more LNG exports are boosting the commodity. The post This Commodity Rallied 67% In 2 Months.
Positive
Zacks Investment Research
4 months ago
PrimeEnergy Posts Y/Y Earnings Growth in Q3 on Surging Oil Production
PNRG's Q3 earnings skyrocket y/y with a 134% jump in oil production, robust revenue growth, and asset sales fueling long-term expansion plans.
Neutral
GlobeNewsWire
4 months ago
PrimeEnergy Resources Corporation (PNRG) Announces third Quarter Results
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $22,076,000 for the quarter, and $53,127,000 for the nine months, ended September 30, 2024. This represents $8.80 and $20.93 per share, on a fully diluted basis, for the three and nine months ended September 30, 2024. As of November 14, 2024, the total outstanding shares including outstanding options are 2,485,000.
Positive
Zacks Investment Research
7 months ago
PrimeEnergy (PNRG) Earnings & Revenues Increase Y/Y in Q2
A significant y/y rise in oil sales, reflecting higher production volumes and improved pricing, aid PrimeEnergy's (PNRG) earnings in Q2.
Neutral
GlobeNewsWire
7 months ago
PrimeEnergy Resources Corporation (PNRG) Announces Second Quarter Results
HOUSTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $19.73 million for the quarter, and $31.05 million for the six months, ended June 30, 2024. This represents $7.77 and $12.16 per share, on a fully diluted basis, for the three and six months ended June 30, 2024. As of August 14, 2024, the total outstanding shares including outstanding options are 2,519,271.
Positive
Zacks Investment Research
9 months ago
Zacks Initiates Coverage of PrimeEnergy With Neutral Recommendation
Discover why Zacks rates PrimeEnergy (PNRG) as "Neutral," being the first on Wall Street to initiate the coverage of the stock. Explore how PNRG's ambitious expansion and impressive production growth have positioned it as a significant oil and gas contender despite liquidity and operational risks.
Neutral
GlobeNewsWire
10 months ago
PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results
HOUSTON, May 17, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) Announces First Quarter Results: Oil and gas production volumes for the three months ended March 31, 2024 and 2023: Quarter ended March 31, Increase Increase 2024 2023 Oil production (barrels) 431,000 193,000 238,000 123 % Natural gas production (Mcf) 1,157,000 801,000 356,000 44 % Natural gas liquids production (barrels) 206,000 106,000 100,000 94 % Total assets at March 31, 2024 were $332,896,000 compared to $288,568,000 at December 31, 2023. Quarter ended March 31, Increase Increase 2024 2023 Revenues (in thousands) $ 42,990 $ 22,815 $ 20,175 88 % Net Income (in thousands) $ 11,319 $ 1,410 $ 9,909 703 % Earnings per Common Share: Basic $ 6.27 $ 0.75 $ 5.52 736 % Diluted $ 4.41 $ 0.53 $ 3.88 732 % Shares Used in Calculation of: Basic EPS 1,806,687 1,888,895 Diluted EPS 2,565,951 2,647,220 PrimeEnergy Resources Corporation is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas.
Neutral
GlobeNewsWire
11 months ago
PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results
HOUSTON, April 15, 2024 (GLOBE NEWSWIRE) -- PrimeEnergy Resources Corporation (PNRG) Announces Yearend Production and Financial Results:
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