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Primeenergy Corp. (PNRG)
NASDAQ:PNRG
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Primeenergy (PNRG) AI Stock Analysis

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PNRG

Primeenergy

(NASDAQ:PNRG)

Rating:79Outperform
Price Target:
$205.00
▲(16.67%Upside)
Primeenergy's strong financial performance and attractive valuation are the primary drivers of its stock score. The technical indicators suggest a positive trend, though caution is advised due to potential overbought signals. The lack of dividend yield and absence of recent earnings call data slightly temper the overall outlook.

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

Primeenergy Business Overview & Revenue Model

Company DescriptionPrimeEnergy 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.
How the Company Makes MoneyPrimeEnergy generates revenue primarily through the sale of crude oil and natural gas produced from its exploration and production activities. The company owns and operates various oil and gas properties, which it develops to extract these resources. Additionally, PrimeEnergy engages in strategic joint ventures and partnerships to optimize its resource extraction and production capabilities. Revenue is influenced by market prices for oil and natural gas, production volumes, and operational efficiency. The company may also benefit from governmental incentives or tax structures favorable to the energy sector, contributing to its profitability.

Primeenergy Financial Statement Overview

Summary
Primeenergy's financial performance is strong, with significant revenue growth and improved profitability. The balance sheet shows robust financial stability, and cash flow metrics indicate efficient cash management. However, there is room for improvement in return on equity.
Income Statement
85
Very Positive
Primeenergy has demonstrated strong revenue growth with a significant increase from $58.4 million in 2020 to $243.6 million TTM (Trailing-Twelve-Months) in 2025. Gross profit margin improved from negative in 2020 to approximately 50.2% TTM. The net profit margin also improved substantially, reflecting enhanced operational efficiency and profitability. Despite a slight decline in net income TTM compared to the previous year, the company's EBIT and EBITDA margins remain robust, indicating solid operational performance.
Balance Sheet
75
Positive
The company's balance sheet shows a healthy equity ratio of approximately 60.4% TTM, indicating solid financial stability. The debt-to-equity ratio is low at roughly 0.048 TTM, suggesting effective leverage management. However, the return on equity has decreased slightly compared to the previous year, which could indicate challenges in generating profits from shareholders' equity despite overall strong financial health.
Cash Flow
80
Positive
Cash flow analysis reveals a positive trend with operating cash flow remaining strong at $110.9 million TTM. The free cash flow has improved significantly, turning positive at $11.1 million TTM from a negative position in prior years, suggesting enhanced cash generation capabilities. The operating cash flow to net income ratio indicates efficient cash conversion, although the free cash flow growth rate reflects fluctuations in capital expenditures.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue233.89M123.13M125.09M79.61M58.42M
Gross Profit88.43M41.40M48.11M13.90M-1.79M
EBITDA149.22M66.42M56.18M29.80M27.20M
Net Income55.40M28.10M48.66M2.10M-2.36M
Balance Sheet
Total Assets324.62M288.57M247.14M210.91M200.48M
Cash, Cash Equivalents and Short-Term Investments2.55M11.06M26.54M10.35M996.00K
Total Debt4.13M284.00K11.00M36.00M38.75M
Total Liabilities121.70M127.62M106.78M111.82M102.49M
Stockholders Equity202.93M160.95M140.35M99.09M97.12M
Cash Flow
Free Cash Flow-3.33M-4.76M17.15M7.89M5.86M
Operating Cash Flow115.91M109.02M33.13M28.62M16.38M
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 Price175.71
Price Trends
50DMA
164.59
Positive
100DMA
178.37
Positive
200DMA
185.00
Negative
Market Momentum
MACD
1.70
Negative
RSI
62.67
Neutral
STOCH
66.77
Neutral
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 175.71 is above the 20-day moving average (MA) of 157.50, above the 50-day MA of 164.59, and below the 200-day MA of 185.00, indicating a neutral trend. The MACD of 1.70 indicates Negative momentum. The RSI at 62.67 is Neutral, neither overbought nor oversold. The STOCH value of 66.77 is Neutral, 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 (67)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$291.77M8.2528.43%69.21%47.13%
75
Outperform
$397.63M6.7911.83%6.53%3.02%-8.43%
73
Outperform
$242.88M9.56-5.66%8.31%-31.28%-1265.13%
67
Neutral
$15.28B9.736.25%5.18%4.49%-71.88%
61
Neutral
$268.93M251.9739.61%0.40%-85.94%-88.55%
51
Neutral
$259.87M203.83%2.27%-5.05%-383.38%
39
Underperform
$246.67M-10.70%57.82%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
PNRG
Primeenergy
175.71
57.72
48.92%
EGY
Vaalco Energy
3.83
-2.97
-43.68%
WTI
W&T Offshore
1.76
-0.53
-23.14%
SJT
San Juan Basin Royalty
5.87
1.95
49.74%
BRY
Berry Petroleum
3.13
-3.35
-51.70%
TBN
Tamboran Resources Corporation
20.10
-3.48
-14.76%

Primeenergy Corporate Events

Executive/Board ChangesShareholder Meetings
PrimeEnergy Holds Annual Stockholders Meeting, June 2025
Neutral
Jun 5, 2025

PrimeEnergy Resources Corporation held its Annual Meeting of stockholders on June 5, 2025, where several key proposals were put to a vote. The company operates in the energy sector, focusing on resources management and development. During the meeting, all management-nominated directors were re-elected for another term, and stockholders approved the executive compensation plan. Additionally, a majority of stockholders voted for a triennial frequency for future votes on executive compensation.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Jul 24, 2025