PrimeEnergy Resources Corporation (PNRG): Price and Financial Metrics

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PNRG Price/Volume Stats

PrimeEnergy Resources Corporation (PNRG) Company Bio

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 was founded in 1973 and is based in Houston, Texas.

PNRG Price Forecast Based on DCF Valuation

We started the process of determining a valid price forecast for Primeenergy Resources Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Primeenergy Resources Corp ranked in the 60th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 39.67% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for PNRG, they are:

• Primeenergy Resources Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.78. This coverage rate is greater than that of merely 21.29% of stocks we're observing for the purpose of forecasting via discounted cash flows.
• As a business, Primeenergy Resources Corp experienced a tax rate of about 57% over the past twelve months; relative to its sector (Energy), this tax rate is higher than 95.57% of stocks generating free cash flow.

For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as PNRG, try COG, DHT, VTOL, EPD, and CLNE.