Primeenergy Resources (PNRG) Hits New 12-Month High at $82.00

Shares of Primeenergy Resources Corp (NASDAQ:PNRG) reached a new 52-week high during trading on Thursday . The stock traded as high as $82.00 and last traded at $82.00, with a volume of 581 shares. The stock had previously closed at $80.80.

Separately, ValuEngine raised shares of Primeenergy Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $165.60 million, a P/E ratio of 28.55 and a beta of -0.10.

Primeenergy Resources (NASDAQ:PNRG) last posted its quarterly earnings data on Friday, November 16th. The oil and natural gas company reported $1.54 earnings per share (EPS) for the quarter. The business had revenue of $29.40 million during the quarter. Primeenergy Resources had a net margin of 25.76% and a return on equity of 8.04%.

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About Primeenergy Resources (NASDAQ:PNRG)

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.

Further Reading: Fundamental Analysis

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