PrimeEnergy Resources Corporation

PrimeEnergy Resources Corporationverified

PNRG

Price:

$131

Market Cap:

$229.48M

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. 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 Corpor...[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

1980-03-17

Stock Exchange

NASDAQ

Ticker

PNRG

The Current Ratio as of September 2024 (TTM) for PrimeEnergy Resources Corporation (PNRG) is 0.61

According to PrimeEnergy Resources Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.61. This represents a change of 2.80% compared to the average of 0.59 of the last 4 quarters.

PrimeEnergy Resources Corporation (PNRG) Historical Current Ratio (quarterly & annually)

How has PNRG Current Ratio performed in the past?

The mean historical Current Ratio of PrimeEnergy Resources Corporation over the last ten years is 0.93. The current 0.61 Current Ratio has changed 6.43% with respect to the historical average. Over the past ten years (40 quarters), PNRG's Current Ratio was at its highest in in the September 2022 quarter at 1.90. The Current Ratio was at its lowest in in the September 2016 quarter at 0.19.

Quarterly (TTM)
Annual

Average

0.93

Median

0.92

Minimum

0.49

Maximum

1.76

PrimeEnergy Resources Corporation (PNRG) Current Ratio by Quarter and Year

Discovering the peaks and valleys of PrimeEnergy Resources Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 84.78%

Maximum Annual Current Ratio = 1.76

Minimum Annual Increase = -72.17%

Minimum Annual Current Ratio = 0.49

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.49-72.17%
20221.7651.10%
20211.1784.78%
20200.63-40.00%
20191.0534.99%
20180.7838.00%
20170.56-15.05%
20160.66-36.78%
20151.05-7.15%
20141.135.61%

PrimeEnergy Resources Corporation (PNRG) Average Current Ratio

How has PNRG Current Ratio performed in the past?

The current Current Ratio of PrimeEnergy Resources Corporation (PNRG) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.14

5-year avg

1.02

10-year avg

0.93

PrimeEnergy Resources Corporation (PNRG) Current Ratio vs. Peers

How is PNRG’s Current Ratio compared to its peers?

PrimeEnergy Resources Corporation’s Current Ratio is less than Epsilon Energy Ltd. (2.47), less than Crescent Energy Company (1.87), less than SilverBow Resources, Inc. (0.63), less than Evolution Petroleum Corporation (1.37), less than MorningStar Partners, L.P. (3.26), greater than XXL Energy Corp. (0.01), greater than Coastal Caribbean Oils & Minerals, Ltd. (0.01), less than CKX Lands, Inc. (20.78), less than GeoPark Limited (1.16), less than PHX Minerals Inc. (5.05), less than Chesapeake Energy Corporation (2.16), less than Mexco Energy Corporation (6.88), less than Riley Exploration Permian, Inc. (0.63), greater than BPI Energy Holdings, Inc (0.09), greater than Imperial Resources, Inc. (0.27), less than Strat Petroleum, Ltd. (0), greater than Continental Energy Corporation (0.14), less than ParaFin Corporation (0),

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