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
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Primeenergy Resources Corp. To summarize, we found that Primeenergy Resources Corp ranked in the 19th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Primeenergy Resources Corp ended up being:
The company's compound free cash flow growth rate over the past 5.43 years comes in at -0.11%; that's greater than only 13% of US stocks we're applying DCF forecasting to.
As a business, PNRG is generating more cash flow than merely 8.39% of positive cash flow stocks in the Energy.
Primeenergy Resources Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -2.21. This coverage rate is greater than that of merely 17.04% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
HFC, FTI, HLX, SHI, and BP can be thought of as valuation peers to PNRG, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.