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Primeenergy Corp. (PNRG)
NASDAQ:PNRG

Primeenergy (PNRG) AI Stock Analysis

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Primeenergy

(NASDAQ:PNRG)

Rating:65Neutral
Price Target:
$192.00
▲( 2.56% Upside)
Primeenergy's overall stock score of 65 reflects a solid financial position with potential operational improvements needed. While the stock is technically weak, it offers an attractive valuation, making it appealing for value investors. The lack of recent earnings call and significant corporate events limits additional insights into future prospects.

Primeenergy (PNRG) vs. SPDR S&P 500 ETF (SPY)

Primeenergy Business Overview & Revenue Model

Company DescriptionPrimeEnergy Resources Corporation (PNRG) is an independent oil and natural gas company engaged in the acquisition, development, and production of oil and natural gas properties. The company primarily operates in the United States, focusing on regions with proven reserves to optimize its extraction activities. PrimeEnergy employs advanced technologies and strategic partnerships to enhance its production capabilities while adhering to environmental and regulatory standards.
How the Company Makes MoneyPrimeEnergy generates revenue through the exploration, development, and sale of oil and natural gas. The company leverages its assets by acquiring and developing properties with significant resource potential. Its primary revenue streams include the sale of crude oil, natural gas, and natural gas liquids. PrimeEnergy's earnings are significantly influenced by market prices for oil and natural gas, production volumes, and operational efficiencies. Additionally, strategic joint ventures and partnerships with other energy companies can enhance its exploration and production capabilities, contributing to its overall financial performance.

Primeenergy Financial Statement Overview

Summary
Primeenergy exhibits a mixed financial performance. The income statement shows strong EBITDA performance but operational challenges impacting EBIT. The balance sheet remains solid with low leverage and strong equity positions. The cash flow statement highlights healthy operational cash generation but raises concerns over capital expenditure levels affecting free cash flow. Overall, the company demonstrates potential for improvement with strategic operational and investment adjustments.
Income Statement
65
Positive
Primeenergy has shown a volatile revenue growth trajectory, with recent revenue decline indicating potential market challenges. The gross profit margin has improved over time, highlighting better cost management. However, the negative EBIT margin in the latest year reflects operational inefficiencies, despite strong EBITDA margins suggesting good cash flow generation from core operations.
Balance Sheet
72
Positive
The company's debt-to-equity ratio is low, indicating conservative leverage. The return on equity has fluctuated but remains strong, reflecting effective use of shareholder funds. The equity ratio shows a healthy balance between debt and equity, suggesting overall financial stability.
Cash Flow
68
Positive
Primeenergy's operating cash flow is robust, although recent free cash flow has turned negative due to increased capital expenditures. The operating cash flow to net income ratio is strong, indicating efficient cash generation from operations, but the negative free cash flow to net income ratio highlights potential investment or capital allocation concerns.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
233.89M123.13M125.09M79.61M58.42M
Gross Profit
88.43M41.40M48.11M13.90M-1.79M
EBIT
68.82M25.07M28.11M3.48M-16.81M
EBITDA
149.22M66.42M56.18M29.80M27.20M
Net Income Common Stockholders
55.40M28.10M48.66M2.10M-2.36M
Balance SheetCash, Cash Equivalents and Short-Term Investments
2.55M11.06M26.54M10.35M996.00K
Total Assets
324.62M288.57M247.14M210.91M200.48M
Total Debt
8.26M284.00K11.00M36.00M38.75M
Net Debt
5.71M-11.06M-15.54M25.65M37.76M
Total Liabilities
121.70M127.62M106.78M111.82M102.49M
Stockholders Equity
202.93M160.95M140.35M99.09M97.12M
Cash FlowFree Cash Flow
-3.33M-4.76M17.15M7.89M5.86M
Operating Cash Flow
115.91M109.02M33.13M28.62M16.38M
Investing Cash Flow
-114.99M-105.70M15.47M-19.25M339.00K
Financing Cash Flow
-9.43M-18.80M-32.40M-18.00K-16.74M

Primeenergy Technical Analysis

Technical Analysis Sentiment
Positive
Last Price187.20
Price Trends
50DMA
191.16
Negative
100DMA
198.36
Negative
200DMA
178.55
Positive
Market Momentum
MACD
-0.18
Negative
RSI
55.21
Neutral
STOCH
88.04
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNRG, the sentiment is Positive. The current price of 187.2 is above the 20-day moving average (MA) of 175.78, below the 50-day MA of 191.16, and above the 200-day MA of 178.55, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 88.04 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PNRG.

Primeenergy Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GFGFR
69
Neutral
$312.55M2.2825.10%38.46%
EGEGY
66
Neutral
$349.87M6.0511.83%7.42%3.02%-8.43%
66
Neutral
$356.60M4.5338.79%8.46%-14.94%-25.19%
65
Neutral
$312.19M8.7828.43%69.21%47.13%
SDSD
61
Neutral
$365.77M5.7114.68%4.41%-15.94%2.90%
57
Neutral
$7.14B3.33-3.45%5.75%0.66%-50.76%
56
Neutral
$433.12M-30.25%6.50%-151.25%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
PNRG
Primeenergy
187.20
81.53
77.16%
CLNE
Clean Energy Fuels
1.86
-0.72
-27.91%
SD
SandRidge Energy
9.83
-3.15
-24.27%
EGY
Vaalco Energy
3.26
-2.44
-42.81%
GPRK
GeoPark
6.76
-2.40
-26.20%
GFR
Greenfire Resources
4.26
-1.69
-28.40%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.