Last $65.59 USD
Change Today 0.00 / 0.00%
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As of 8:10 PM 08/26/14 All times are local (Market data is delayed by at least 15 minutes).

primeenergy corp (PNRG) Snapshot

Open
$65.59
Previous Close
$65.59
Day High
$65.59
Day Low
$65.59
52 Week High
07/29/14 - $69.10
52 Week Low
10/15/13 - $38.11
Market Cap
154.6M
Average Volume 10 Days
273.3
EPS TTM
$2.50
Shares Outstanding
2.4M
EX-Date
--
P/E TM
26.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PRIMEENERGY CORP (PNRG)

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primeenergy corp (PNRG) Details

PrimeEnergy Corporation, through its subsidiaries, is engaged in the acquisition, development, and production of oil and natural gas properties in the United States. The company also acquires producing oil and gas properties through joint ventures with industry partners; and provides well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations, as well as offers contract services to third parties. It operates approximately 1,600 wells and owns non-operating interests in approximately 800 additional wells located primarily in Texas, Oklahoma, West Virginia, New Mexico, Colorado, Louisiana, and the Gulf of Mexico. As of December 31, 2013, the company had proved reserves of 30,250 thousand barrels of oil equivalent. PrimeEnergy Corporation was founded in 1973 and is based in Houston, Texas.

primeenergy corp (PNRG) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $2.6M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

primeenergy corp (PNRG) Key Developments

PrimeEnergy Corp. Announces Unaudited Earnings and Production Results for Second Quarter and Six Months Ended June 30, 2014

PrimeEnergy Corp. announced unaudited earnings and production results for second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $29,329,000, net income of $3,233,000 or $1.04 per diluted share compared to the revenues of $37,280,000, net income of $6,094,000 or $1.92 per diluted share for the same quarter a year ago. For six months period, the company reported revenues of $59,714,000, net income of $6,042,000 or $1.93 per diluted share compared to the revenues of $64,250,000, net income of $8,352,000 or $2.61 per diluted share for the same period a year ago. The decrease in net income was principally due to an increase in realized and unrealized losses on derivative instruments partially offset by increases in oil and gas sales and field service income and a first quarter 2014 gain on the sale of non-essential oil and gas interests as well as related decreases in income tax provisions. For the quarter, the company produced 201,000 barrels of oil, produced 1,192,000 mcf of gas compared to the 188,000 barrels of oil, 1,235,000 mcf of gas for the same quarter a year ago. For the six months period, the company produced 383,000 barrels of oil, produced 2,345,000 mcf of gas compared to the 372,000 barrels of oil, 2,425,000 mcf of gas for the same period a year ago.

PrimeEnergy Corp. Announces Earnings and Operating Result for the First Quarter Ended March 31, 2014

PrimeEnergy Corp. announced earnings and operating result for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $30,385,000 against $26,970,000 a year ago. Net Income was $2,809,000 against $2,258,000 a year ago. Diluted earnings per common share were $0.90 against $0.70 a year ago. The increase in revenues as compared to 2013 was largely due to increased commodity prices realized in 2014 and an increase in field service income partially offset by an increase in losses on derivative instruments. In addition, there were corresponding increases in lease operating and field service expenses as well as gains on the sale of non-essential oil and gas interests in 2014 resulting in an increase in net income in 2014. For the quarter, the company produced Barrels of Oil of 182,000 against 184,000 a year ago. MMcf of gas produced was 1,153 against 1,190 a year ago.

PrimeEnergy Corp. Announces Earnings Results for the Year Ended December 31, 2013

PrimeEnergy Corp. announced earnings results for the year ended December 31, 2013. For the year, the company reported income from operations of $24.48 million compared to $25.12 million for the year ended December 31, 2012.

 

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