Charles Drimal - PrimeEnergy Chairman

PNRG Stock  USD 203.90  0.95  0.47%   

Chairman

Mr. Charles E. Drimal, Jr., is Chairman of the Board, President, Chief Executive Officer of PrimeEnergy Corporationrationration, since October, 1987. He has served as President and Chief Executive Officer of the Company since October 1987, and holds the position of Chairman of the Board of Directors. He also holds similar positions with the Companys subsidiaries since 1987.
Age 76
Tenure 37 years
Address 9821 Katy Freeway, Houston, TX, United States, 77024
Phone713 735 0000
Webhttps://primeenergy-resources-corporation.ir.rdgfi
Drimal is a graduate of the University of Maryland and Samford University School of Law and is a retired member of the New York State Bar. The leadership skills, experience and thorough knowledge of the oil and gas industry that uniquely qualified Mr. Drimal to become the President and Chief Executive Officer in 1987 have continued to make him an invaluable member and Chairman of the Board of Directors.

PrimeEnergy Management Efficiency

The company has return on total asset (ROA) of 0.1202 % which means that it generated a profit of $0.1202 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2864 %, meaning that it created $0.2864 on every $100 dollars invested by stockholders. PrimeEnergy's management efficiency ratios could be used to measure how well PrimeEnergy manages its routine affairs as well as how well it operates its assets and liabilities. The PrimeEnergy's current Return On Tangible Assets is estimated to increase to 0.10. The PrimeEnergy's current Return On Capital Employed is estimated to increase to 0.46. At this time, PrimeEnergy's Non Currrent Assets Other are most likely to decrease significantly in the upcoming years. The PrimeEnergy's current Return On Tangible Assets is estimated to increase to 0.10, while Other Current Assets are projected to decrease to roughly 393.3 K.
PrimeEnergy currently holds 284 K in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. PrimeEnergy has a current ratio of 1.14, suggesting that it may have difficulties to pay its financial obligations when due. Note, when we think about PrimeEnergy's use of debt, we should always consider it together with its cash and equity.

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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. The company was incorporated in 1973 and is headquartered in Houston, Texas. Primeenergy operates under Oil Gas EP classification in the United States and is traded on NASDAQ Exchange. It employs 113 people. PrimeEnergy (PNRG) is traded on NASDAQ Exchange in USA. It is located in 9821 Katy Freeway, Houston, TX, United States, 77024 and employs 115 people. PrimeEnergy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification.

Management Performance

PrimeEnergy Management Team

Elected by the shareholders, the PrimeEnergy's board of directors comprises two types of representatives: PrimeEnergy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PrimeEnergy. The board's role is to monitor PrimeEnergy's management team and ensure that shareholders' interests are well served. PrimeEnergy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PrimeEnergy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Charles Drimal, Chairman, CEO and President Member of Executive Committee and Director of Primeenergy Management Corporate
Virginia Forese, Corporate Secretary
Beverly CPA, CFO, VP

PrimeEnergy Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is PrimeEnergy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether PrimeEnergy is a strong investment it is important to analyze PrimeEnergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PrimeEnergy's future performance. For an informed investment choice regarding PrimeEnergy Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrimeEnergy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PrimeEnergy. If investors know PrimeEnergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PrimeEnergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.034
Earnings Share
23.22
Revenue Per Share
98.685
Quarterly Revenue Growth
1.178
Return On Assets
0.1202
The market value of PrimeEnergy is measured differently than its book value, which is the value of PrimeEnergy that is recorded on the company's balance sheet. Investors also form their own opinion of PrimeEnergy's value that differs from its market value or its book value, called intrinsic value, which is PrimeEnergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PrimeEnergy's market value can be influenced by many factors that don't directly affect PrimeEnergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PrimeEnergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if PrimeEnergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PrimeEnergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.