Primeenergy Stock Price on August 1, 2024
| PNRG Stock | USD 206.00 6.81 3.42% |
Below is the normalized historical share price chart for PrimeEnergy extending back to March 17, 1980. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of PrimeEnergy stands at 206.00, as last reported on the 22nd of November, with the highest price reaching 206.64 and the lowest price hitting 199.19 during the day.
If you're considering investing in PrimeEnergy Stock, it is important to understand the factors that can impact its price. PrimeEnergy appears to be very steady, given 3 months investment horizon. PrimeEnergy maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing PrimeEnergy's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please evaluate PrimeEnergy's Risk Adjusted Performance of 0.1943, semi deviation of 1.96, and Coefficient Of Variation of 408.43 to confirm if our risk estimates are consistent with your expectations.
At this time, PrimeEnergy's Liabilities And Stockholders Equity is most likely to increase significantly in the upcoming years. The PrimeEnergy's current Common Stock Total Equity is estimated to increase to about 425.9 K, while Treasury Stock is projected to decrease to (35.6 M). . At this time, PrimeEnergy's Price To Operating Cash Flows Ratio is most likely to slightly grow in the upcoming years. The PrimeEnergy's current Price Cash Flow Ratio is estimated to increase to 3.08, while Price To Sales Ratio is projected to decrease to 1.01. PrimeEnergy Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 18th of August 1995 | 200 Day MA 121.6282 | 50 Day MA 161.528 | Beta 0.502 |
PrimeEnergy |
Sharpe Ratio = 0.2293
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Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average PrimeEnergy is performing at about 18% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of PrimeEnergy by adding it to a well-diversified portfolio.
Price Book 1.6783 | Enterprise Value Ebitda 2.7144 | Price Sales 1.9798 | Shares Float 533.2 K | Earnings Share 23.21 |
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PrimeEnergy Valuation on August 1, 2024
It is possible to determine the worth of PrimeEnergy on a given historical date. On August 1, 2024 PrimeEnergy was worth 117.14 at the beginning of the trading date compared to the closed value of 115.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of PrimeEnergy stock. Still, in general, we apply an absolute valuation method to find PrimeEnergy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of PrimeEnergy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against PrimeEnergy's related companies.
| Open | High | Low | Close | Volume | |
| 118.07 | 119.00 | 118.07 | 118.12 | 6,506 | |
08/01/2024 | 117.14 | 117.14 | 115.50 | 115.50 | 2,424 |
| 107.00 | 107.00 | 107.00 | 107.00 | 1,174 |
| Backtest PrimeEnergy | | | PrimeEnergy History | | | PrimeEnergy Valuation | Previous | Next |
PrimeEnergy Trading Date Momentum on August 1, 2024
| On August 02 2024 PrimeEnergy was traded for 107.00 at the closing time. The top price for the day was 107.00 and the lowest listed price was 107.00 . The trading volume for the day was 1.2 K. The trading history from August 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 7.36% . The trading delta at closing time against the current closing price is 5.50% . |
PrimeEnergy Fundamentals Correlations and Trends
By evaluating PrimeEnergy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among PrimeEnergy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. PrimeEnergy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About PrimeEnergy Stock history
PrimeEnergy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for PrimeEnergy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in PrimeEnergy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing PrimeEnergy stock prices may prove useful in developing a viable investing in PrimeEnergy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 2.6 M | 3.4 M | |
| Net Income Applicable To Common Shares | 56 M | 58.8 M |
PrimeEnergy Stock Technical Analysis
PrimeEnergy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
PrimeEnergy Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
PrimeEnergy cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
PrimeEnergy November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how PrimeEnergy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading PrimeEnergy shares will generate the highest return on investment. By undertsting and applying PrimeEnergy stock market strength indicators, traders can identify PrimeEnergy entry and exit signals to maximize returns
PrimeEnergy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for PrimeEnergy's price direction in advance. Along with the technical and fundamental analysis of PrimeEnergy Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of PrimeEnergy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1943 | |||
| Jensen Alpha | 0.5948 | |||
| Total Risk Alpha | 0.3432 | |||
| Sortino Ratio | 0.2686 | |||
| Treynor Ratio | 0.4915 |
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Complementary Tools for PrimeEnergy Stock analysis
When running PrimeEnergy's price analysis, check to measure PrimeEnergy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PrimeEnergy is operating at the current time. Most of PrimeEnergy's value examination focuses on studying past and present price action to predict the probability of PrimeEnergy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PrimeEnergy's price. Additionally, you may evaluate how the addition of PrimeEnergy to your portfolios can decrease your overall portfolio volatility.
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