Alert: Negative Investment/Fundamental Signals (11/27/23)-Primeenergy Resources Corp (NASDAQ: PNRG)


Extremely important negative changes in investment behavior have recently occurred for Primeenergy Resources Corp (NASDAQ: PNRG): negative upside/downside volume developed, and its shorter term price trend turned down.

Primeenergy Resources Corp (NASDAQ: PNRG) suffers from notable negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

PNRG is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

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 very high Power Rating of 89 and a very high Appreciation Score of 92, with the Highest Value Trend Rating the result.

Recent Price Action

Primeenergy Resources Corp (NASDAQ: PNRG) stock closed at $106.00 on 11/27/23 after a modest gain of 0.7%. The stock has declined -1.2% during the last week but has been exceptionally strong relative to the market over the last nine months.

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