Significant positive changes in Primeenergy Resources Corp (NASDAQ: PNRG) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Significant positive changes in investment behavior have recently occurred for Primeenergy Resources Corp (NASDAQ: PNRG): the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PNRG is expected to continue to be a Value Builder.
Primeenergy Resources has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Primeenergy Resources has a good Appreciation Score of 74 and a good Power Rating of 77, resulting in the Highest Value Trend Rating.
Recent Price Action
Primeenergy Resources Corp (NASDAQ: PNRG) stock closed at $134.00 on 9/17/24 after a modest gain of 0.4%. Moreover, trading volume in this advance was exceptionally high at 228% of normal. The stock has risen 5.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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