Notable negative changes in fundamentals have recently occurred for Primeenergy Resources Corp (NASDAQ: PNRG): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Recent meaningful negative changes in investment behavior have impacted Primeenergy Resources Corp (NASDAQ: PNRG): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution 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 an important Value Builder.
Primeenergy Resources has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Primeenergy Resources has a very high Appreciation Score of 94 but a neutral Power Rating of 40, and the Positive Value Trend Rating results.
Recent Price Action
Primeenergy Resources Corp (NASDAQ: PNRG) stock closed at $99.78 on 4/18/24 after a decline of -2.4%. Moreover, trading volume in this decline was exceptionally high at 220% of normal. The stock has declined -1.0% during the last week and has performed in line with the market over the last nine months.
Be the first to comment