How to Buy Primeenergy Resources Stock
Primeenergy Resources Corp
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.
Primeenergy Resources stock last closed at $99.78, down 2.4% from the previous day, and has increased 11.36% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.03 percentage points. Primeenergy Resources stock is currently +23.75% from its 52-week low of $80.63, and -16.85% from its 52-week high of $120.00.
There are currently 1.79M PNRG shares outstanding. The market capitalization of PNRG is $178.63M. In the last 24 hours, 3012 PNRG shares were traded.
How to Buy Primeenergy Resources Stock
Not sure how to invest in Primeenergy Resources stock? Here's how.
- Choose where to buy Primeenergy Resources stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Primeenergy Resources stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your info.
- Research Primeenergy Resources stock: The Primeenergy Resources ticker symbol is PNRG. Is Primeenergy Resources stock a good investment? Should you buy shares of PNRG? How do PNRG's underlying business fundamentals look? Do top analysts think Primeenergy Resources is a good buy? Why has PNRG's stock price moved recently? (Hint: Our stock research website can help you understand if PNRG is a good stock to buy).
- Place your PNRG buy order: Decide if you will purchase PNRG shares at the current market price or use a limit order to buy PNRG shares at a specific price.
- Watch your PNRG position: Create a watchlist to monitor your new investment in Primeenergy Resources shares.
Step 1: Choose where to buy Primeenergy Resources stock
You need an online brokerage account in order to access the NASDAQ market and buy PNRG shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal details so you are able to invest in PNRG stock today.
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Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock trading app for beginners, you need to deposit funds:
Check out this video walkthrough to see the process of transferring money into your investment account.
Step 4: Research Primeenergy Resources stock
Once you have figured out the best place to buy Primeenergy Resources stock, it's critical to evaluate their stock before you buy, so you truly comprehend the risk and opportunity.
Primeenergy Resources quick stats
Primeenergy Resources Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on PNRG's stock page.
How is PNRG stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge PNRG's fair value.
Using relative valuations methods:
- PNRG may be undervalued based on its P/E ratio of 6.57x, relative to Oil & Gas E&P industry P/E ratio of 13.12x
- PNRG could be undervalued based on its P/B ratio of 1.11x, relative to Oil & Gas E&P industry P/B ratio of 2.11x
- PNRG may be undervalued based on its PEG ratio of 0.53x
You can do more valuation analysis on PNRG's stock here.
A look at PNRG Cashflows and Balance Sheet
Positive Health Checks:
- PNRG earnings of $34.76M is not sufficient to cover its interest payments.
- Total PNRG debt is lower than 5 years ago, relative to shareholder equity.
- PNRG's operating cash flow of $109.02M allows it to safely service it's debt of $0.00.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the PNRG balance sheet.
- PNRG profit margin has gone down from 31% to 21.2% in the past year.
- PNRG has a relatively high debt to equity ratio of 0.79.
- There are more long-term liabilities than short-term assets on the PNRG balance sheet.
PNRG Trading Indicators
PNRG Growth Metrics
Last year, PNRG earnings were $28.10M. In the last five year, PNRG's earnings have increased by 16.89% per year. This was faster than the Oil & Gas E&P industry average of 15.49%.
Last year, PNRG revenue was $132.81M. In the last five year, PNRG's revenue has gone up by 2.38% per year. This was slower than the Oil & Gas E&P industry average of 19.65%.
Learn more about PNRG's earnings and revenue performance here.
What are PNRG executives and large shareholders up to?
In the last 12 months, executives and large shareholders at PNRG have sold more shares than they have bought.
Rothschild Robert De, 10% Owner of PNRG, was the latest PNRG insider to sell. They sold $1,656,000.00 worth of PNRG shares on Mar 12, 2024.
Get more info about who owns PNRG shares here.
Can I rely on PNRG as an income stream?
No, Primeenergy Resources doesn't provide an income stream by paying out dividends.
PNRG Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your PNRG buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you want more info about buying stocks on eToro, click the helpful video below:
Step 6: Watch your PNRG position
Now that you own some shares in PNRG, you'll want to stay up-to-date on your stock purchase.
Add PNRG to a watchlist to monitor your PNRG stock.
PNRG Feed
How to Buy Stock in Primeenergy Resources
To reiterate, here are the 6 steps to buy Primeenergy Resources stock:
- Choose where to buy Primeenergy Resources stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Primeenergy Resources stock
- Place your PNRG buy order
- Watch your PNRG position
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your investment in Primeenergy Resources, add PNRG to your watchlist below.
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