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 wells and owns non-operating interests and royalties. 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 operations, 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 based in Houston, Texas.
Research context
PrimeEnergy Corporation appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Energy
- Industry
- Oil & Gas E&P
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5 years, 6 months ago
PrimeEnergy Resources Corporation is currently in a long term downtrend where the price is trading 4.5% below its 200 day moving average.
From a valuation standpoint, the stock is 72.7% cheaper than other stocks from the Energy sector with a price to sales ratio of 2.2.
PrimeEnergy Resources Corporation's total revenue sank by 58.2% to $12M since the same quarter in the previous year.
Its net income has increased by 158.8% to $7M since the same quarter in the previous year.
Finally, its free cash flow fell by 35.1% to $2M since the same quarter in the previous year.
Based on the above factors, PrimeEnergy Resources Corporation gets an overall score of 2/5.