PNRG Stock Summary and Trading Ideas (Primeenergy Resources | NASDAQ:PNRG)

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

Primeenergy Resources trades on the NASDAQ stock market under the symbol PNRG.

As of April 23, 2024, PNRG stock price climbed to $99.57 with 4,259 million shares trading.

PNRG has a market cap of $178.25 million. This is considered a Micro Cap stock.

In the last 3 years, PNRG stock traded as high as $120.00 and as low as $39.89.

The top ETF exchange traded funds that PNRG belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.

PNRG has underperformed the market in the last year with a return of +14.8%, while the SPY ETF gained +24.3%. In the last 3 month period, PNRG fell short of the market, returning +2.5%, while SPY returned +4.6%. However, in the most recent 2 weeks PNRG has outperformed the stock market by returning +0.6%, while SPY returned -2.6%.

PNRG support price is $95.22 and resistance is $101.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PNRG stock will trade within this expected range on the day.