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Last $55.50 USD
Change Today +0.37 / 0.67%
Volume 177.0
PNRG On Other Exchanges
Symbol
Exchange
NASDAQ CM
Berlin
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

primeenergy corp (PNRG) Snapshot

Open
$55.50
Previous Close
$55.13
Day High
$55.50
Day Low
$55.50
52 Week High
11/5/14 - $77.53
52 Week Low
12/18/14 - $46.55
Market Cap
128.4M
Average Volume 10 Days
239.8
EPS TTM
$5.69
Shares Outstanding
2.3M
EX-Date
--
P/E TM
9.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for PRIMEENERGY CORP (PNRG)

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primeenergy corp (PNRG) Details

PrimeEnergy Corporation, an independent oil and natural gas company, through its subsidiaries, engages in the acquisition, development, and production of oil and natural gas properties in the United States. The company also acquires producing oil and gas properties through joint ventures with industry partners; and provides well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations, as well as offers contract services to third parties. It operates approximately 1,600 wells and owns non-operating interests in approximately 700 additional wells located primarily in Texas, Oklahoma, West Virginia, New Mexico, Colorado, Louisiana, and the Gulf of Mexico. As of December 31, 2014, the company had proved reserves of 37,200 thousand barrels of oil equivalent. PrimeEnergy Corporation was founded in 1973 and is headquartered in Houston, Texas.

226 Employees
Last Reported Date: 03/18/15
Founded in 1973

primeenergy corp (PNRG) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2014.

primeenergy corp (PNRG) Key Developments

PrimeEnergy Approves Amendments to its Bylaws

On May 20, 2015, the PrimeEnergy Corp.'s Board of Directors approved amendments to the company's bylaws, effective as of May 20, 2015. The amended Bylaws were amended to, among other things, (i) provide that, unless the company consents in writing to the selection of an alternative forum, the state courts (and, in some cases, the federal courts) located within the State of Delaware shall be the sole and exclusive forum for certain types of litigation including (a) any derivative action or proceeding brought on behalf of the company, (b) any action asserting a claim of breach of a fiduciary duty owed by any director or officer or other employee of the Company to the Company or the Company’s stockholders, (c) any action asserting a claim against the company or any director or officer or other employee of the Company arising pursuant to any provision of the Delaware General Corporation Law or the Certificate of Incorporation or the amended Bylaws of the Company, or (d) any action asserting a claim against the company or any director or officer or other employee of the Company governed by the internal affairs doctrine, (ii) to provide for fee-shifting with respect to certain types of litigation brought against the company and/or any director, officer, employee or affiliate where the claiming party does not obtain a judgment on the merits that substantially achieves, in substance and amount, the full remedy sought, and (iii) to provide with respect to certain types of litigation brought against the Company and/or any director, officer, employee or affiliate, whether or not the claiming party is successful, the claiming party shall bear its own costs and expenses of litigating the claim and shall not be entitled to recover the costs and expenses associated with such litigation or receive any such costs and expenses as a result of the creation of any common fund or from a corporate benefit purportedly conferred upon the company.

PrimeEnergy Corp. Reports Unaudited Earnings and Operating Result for the First Quarter Ended March 31, 2015

PrimeEnergy Corp. reported unaudited earnings and operating result for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $22,795,000 against $30,385,000 a year ago. The decrease in revenues as compared to 2014 was largely due to decreased commodity prices realized in 2015 and a decrease in field service income partially offset by an increase in gains on derivative instruments. Net Income was $13,000 or $0.00 per diluted share against $2,809,000 or $0.90 per diluted share a year ago. For the quarter, the company produced Barrels of Oil of 194,000 against 182,000 a year ago. MMcf of natural gas produced was 1,185 against 1,153 a year ago.

PrimeEnergy Corp., Annual General Meeting, May 20, 2015

PrimeEnergy Corp., Annual General Meeting, May 20, 2015., at 09:00 Eastern Daylight. Location: One Landmark Square. Agenda: To elect a Board of Directors of seven persons as nominated in the accompanying Proxy Statement, such Directors to hold office until the next annual meeting of stockholders and until their successors are elected; and to transact such other procedural business as may properly be brought before the Meeting or at any adjournment or adjournments thereof.

 

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PNRG Competitors

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Emerald Oil Inc $6.00 USD -0.10
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Industry Analysis

PNRG

Industry Average

Valuation PNRG Industry Range
Price/Earnings 7.0x
Price/Sales 1.1x
Price/Book 1.9x
Price/Cash Flow 2.5x
TEV/Sales 0.1x
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