Company Overview
PrimeEnergy Resources Corporation, an independent oil and natural gas company, 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 operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company operates approximately 710 active wells and owns non-operating interests in approximately 822 additional wells primarily in Oklahoma and Texas. 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.
Company Information
- CEO
- Charles E. Drimal Jr.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Employees
- 78
Contact Information
- Website
- https://www.primeenergy.com
- Address
- 9821 Katy Freeway
- Country
- US
Investment Analysis & Insights
Key Investment Highlights
- Market Position: Energy leader with 296.62M market capitalization
- Trading Volume: 72.11K shares traded today
- Price Range: 52-week range of $117.12 - $243.49
- Exchange: Listed on NASDAQ Capital Market
Financial Metrics
Market Analysis for PrimeEnergy Resources Corporation
PrimeEnergy Resources Corporation (PNRG) operates in the Oil & Gas Exploration & Production industry within the Energy sector. With a current market capitalization of 296.62M, the company represents a significant player in its market. The stock is currently trading at $178.63 with a positivedaily change of 0.62%.
The company's 78 employee base and presence on the NASDAQ Capital Marketexchange position it as a Energy sector leader. Investors should consider the stock's P/E ratio of 8.40, beta of 0.19, and 52-week price range from $117.12 to $243.49when evaluating investment opportunities.
Why Invest in PrimeEnergy Resources Corporation?
Strengths
- • Established market presence in Energy
- • Strong financial metrics and market position
- • Listed on major exchange (NASDAQ Capital Market)
- • Experienced leadership under Charles E. Drimal Jr.
Investment Considerations
- • Monitor sector-specific market trends
- • Track quarterly earnings performance
- • Consider market volatility and beta
- • Evaluate long-term growth potential
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About Energy Sector
The Energy sector includes companies that explore, produce, refine, and distribute oil, gas, and other energy resources.