Primeenergy Resources Corp's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 39 out of 118 in the Oil & Gas industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 176.00.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Primeenergy Resources Corp's Score
Industry at a Glance
Industry Ranking
39 / 118
Overall Ranking
135 / 4482
Industry
Oil & Gas
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Positive
Primeenergy Resources Corp Highlights
StrengthsRisks
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. The Company owns leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the United States, primarily in Oklahoma and Texas. Through its subsidiaries Prime Operating Company, Eastern Oil Well Service Company, and EOWS Midland Company, it acts as operator and provides well-servicing support operations for many of the onshore oil and gas wells it operates, as well as for third parties. The Company operates approximately 507 active wells and owns non-operating interests and royalties in approximately 1054 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services to third parties.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 51.73% year-on-year.
Overvalued
The company’s latest PB is 2.03, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 490.21K shares, decreasing 12.75% quarter-over-quarter.
PrimeEnergy Resources Corporation is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. The Company owns leasehold, mineral and royalty interests in producing and non-producing oil and gas properties across the United States, primarily in Oklahoma and Texas. Through its subsidiaries Prime Operating Company, Eastern Oil Well Service Company, and EOWS Midland Company, it acts as operator and provides well-servicing support operations for many of the onshore oil and gas wells it operates, as well as for third parties. The Company operates approximately 507 active wells and owns non-operating interests and royalties in approximately 1054 additional wells. Additionally, the Company provides well-servicing support operations, site-preparation and construction services for oil and gas drilling and reworking operations, both in connection with the Company’s activities and providing contract services to third parties.