PNRG PrimeEnergy Corporation featured news, full reports, and detailed charts
PrimeEnergy Corporation (PNRG) Wrap Up:
This Report contains forward-looking statements that are based on management’s current expectations, estimates and projections. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “projects” and “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f27%2f0001193125-08-066797.html#FIS_BUSINESS"www.primeenergy.com
232 Employees
Founded in 1973
PrimeEnergy Corp. (PNRG:NASDAQ)
LAST $35.87 USD
CHANGE TODAY +2.10 6.22%
VOLUME 4.7K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of PrimeEnergy Corp. (PNRG)
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OPEN
$33.80
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PREVIOUS CLOSE
$33.77
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DAY HIGH
$36.21
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DAY LOW
$32.99
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52 WEEK HIGH
11/25/08 - $56.97
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52 WEEK LOW
08/18/09 - $23.58
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MARKET CAP
108.9M
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AVERAGE VOLUME 3 mo
5.7K
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DILUTED EPS TTM
$-4.69
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SHARES OUTSTANDING
3.0M
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PNRG Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
PNRG Top Compensated Officers
Mr. Charles E. Drimal Jr.
Chief Executive Officer, President, Executive...
Age: 61
Total Annual Compensation: $1.6M
Ms. Beverly A. Cummings
Principal Financial Officer, Executive Vice P...
Age: 55
Total Annual Compensation: $850.0K
Ms. Lynne Pizor
Principal Accounting Officer and Controller
Age: 49
Total Annual Compensation: $190.5K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for PrimeEnergy Corp. (PNRG)
PrimeEnergy Corp. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
11/13/2009
PrimeEnergy Corp. announced unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $2,315,000 or $0.76 per basic and diluted share on revenues of $23,300,000 compared to net income of $2,072,000 or $0.54 per diluted share on revenues of $42,364,000 for the same period last year. For the nine months, the company reported net loss of $9,967,000 or $3.28 per basic and diluted share on revenues of $69,363,000 compared to net income of $8,822,000 or $2.31 per diluted share on revenues of $134,457,000 for the same period last year.
PrimeEnergy Corp. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2009
08/14/2009
PrimeEnergy Corp. reported unaudited earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $4,154,000 or $1.10 per diluted common share on revenues of $22,786,000 compared to net income of $4,019,000 or $1.05 per diluted common share on revenues of $49,336,000 for the same period a year ago. For the six months ended June 30, 2009, the company reported net loss of $7,652,000 or $2.02 per diluted common share on revenues of $46,063,000 compared to net income of $6,750,000 or $1.76 per diluted common share on revenues of $92,093,000 for the same period a year ago.
PrimeEnergy Corp. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2009
05/20/2009
PrimeEnergy Corp. reported unaudited earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported revenues of $23,277,000 against $42,757,000 for the quarter ended March 31, 2008. Net loss was $3,483,000 or $0.92 diluted loss per common share compared to $4,377,000 or $0.71 diluted earnings per common share for the comparable quarter of 2008.
PNRG Competitors
| Company | Last | Change |
| GeoResources Inc | $10.40 USD | -0.34 |
| Meridian Resource Corp | $0.30 USD | 0.00 |
| NGAS Resources Inc | $1.65 USD | -0.0231 |
| Parallel Petroleum Corp | $3.14 USD | -0.01 |
| Quest Resource Corp | $0.43 USD | +0.0029 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | PNRG | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.9x |
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| Price/Book | 2.7x |
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| Price/Cash Flow | 2.2x |
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| TEV/Sales | NM | Not Meaningful |
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PNRG |
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PNRG transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About PrimeEnergy Corporation
More news for PNRG
PRIMEENERGY CORP Files SEC form 10-Q/A, Quarterly Report
Show all filings for PRIMEENERGY CORP | Request a Trial to NEW EDGAR Online Pro Form 10-Q/A for PRIMEENERGY CORP 25-Mar-2009Quarterly Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading p...Click here to read the whole Article (external link)
PRIMEENERGY CORP Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
PRIMEENERGY CORP Files SEC form 10-Q, Quarterly Report
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion should be read in conjunction with the financial statements of the Company and notes thereto. LIQUIDITY AND CAPITAL RESOURCES Cash flow provided by operations for the six month period ended June 30, 2009 was $18,687,000. Excluding the effects of significant unforeseen expenses or other income, our cash flow from operations fluctuates primarily because of variations in oil and gas production and prices or changes in working capital accounts. Our oil and gas production will vary based on actual well performance but may be curtailed due to factors beyond our control. Hurricanes in the Gulf of Mexico may shut down our production for the duration of the storm's presence in the Gulf or damage production facilities so that we cannot produce from a particular property for an extended amount of time. In addition, downstream activities on major pipelines in the Gulf of Mexico can also cause us to shut-in production for various lengths of time. Our realized oil and gas prices vary due to world political events, supply and demand of products, product storage levels, and weather patterns. We sell the vast majority of our production at spot market prices. Accordingly, product price volatility will affect our cash flow from operations. To mitigate price volatility we sometimes lock in prices for some portion of our production through the use of financial instruments. The Company entered into six commodity derivative financial instruments after the quarter ended June 30, 2009. The Company's activities include development and exploratory drilling. The Company's strategy is to develop a balanced portfolio of drilling prospects that includes lower risk wells with a high probability of success and higher risk wells with greater economic potential. The Company's strategy in 2009 is to continue to reduce its outstanding debt which decreased by $30...Click here to read the whole Article (external link)
PRIMEENERGY CORP Files SEC form 10-Q, Quarterly Report
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion should be read in conjunction with the financial statements of the Company and notes thereto. LIQUIDITY AND CAPITAL RESOURCES Cash flow provided by operations for the three month period ended March 31, 2009 was $10,959,000. Excluding the effects of significant unforeseen expenses or other income, our cash flow from operations fluctuates primarily because of variations in oil and gas production and prices or changes in working capital accounts. Our oil and gas production will vary based on actual well performance but may be curtailed due to factors beyond our control. Hurricanes in the Gulf of Mexico may shut down our production for the duration of the storm's presence in the Gulf or damage production facilities so that we cannot produce from a particular property for an extended amount of time. In addition, downstream activities on major pipelines in the Gulf of Mexico can also cause us to shut-in production for various lengths of time. Our realized oil and gas prices vary due to world political events, supply and demand of products, product storage levels, and weather patterns. We sell the vast majority of our production at spot market prices. Accordingly, product price volatility will affect our cash flow from operations. To mitigate price volatility we sometimes lock in prices for some portion of our production through the use of financial instruments. The Company's activities include development and exploratory drilling. The Company's strategy is to develop a balanced portfolio of drilling prospects that includes lower risk wells with a high probability of success and higher risk wells with greater economic potential. The Company's strategy in 2009 is to continue to reduce its outstanding debt which decreased by $30,860,000 in 2008. This decreased leveraged position will better provide the Company the ability to participate in a significan...Click here to read the whole Article (external link)
PRIMEENERGY CORP Files SEC form 10-K, Annual Report
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion should be read in conjunction with the financial statements of the Company and notes thereto. The Company's subsidiaries are defined in Note 1 of the financial statements. Liquidity And Capital Resources: Cash flow provided by operations for the year ended December 31, 2008, was $84 million, compared to $95 million in the prior year. Excluding the effects of significant unforeseen expenses or other income, our cash flow from operations fluctuates primarily because of variations in oil and gas production and prices or changes in working capital accounts. Our oil and gas production will vary based on actual well performance but may be curtailed due to factors beyond our control. Hurricanes in the Gulf of Mexico may shut down our production for the duration of the storm's presence in the Gulf or damage production facilities so that we cannot produce from a particular property for an extended amount of time. In addition, downstream activities on major pipelines in the Gulf of Mexico can also cause us to shut-in production for various lengths of time. Our realized oil and gas prices vary due to world political events, supply and demand of products, product storage levels, and weather patterns. We sell the vast majority of our production at spot market prices. Accordingly, product price volatility will affect our cash flow from operations. To mitigate price volatility we sometimes lock in prices for some portion of our production through the use of financial instruments. If our exploratory drilling results in significant new discoveries, we will have to expend additional capital in order to finance the completion, development, and potential additional opportunities generated by our success. We believe that, because of the additional reserves resulting from the successful wells and our record of reserve growth in recent years, we will be able to acce...Click here to read the whole Article (external link)
PRIMEENERGY CORP Files SEC form 10-Q/A, Quarterly Report
Show all filings for PRIMEENERGY CORP | Request a Trial to NEW EDGAR Online Pro Form 10-Q/A for PRIMEENERGY CORP 26-Mar-2009Quarterly Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading ...Click here to read the whole Article (external link)
PrimeEnergy Corporation (NASDAQ:PNRG) Announces Third Quarter Earnings
 Three Months Ended September 30,   Nine Months Ended September 30, 2009   2008   Increase/(Decrease) 2009   2008   Increase/(Decrease)  Barrels of Oil Produced 154,000 149,000 ...Click here to read the whole Article (external link)
PRIMEENERGY CORP Files SEC form 10-Q, Quarterly Report
Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS This discussion should be read in conjunction with the financial statements of the Company and notes thereto. LIQUIDITY AND CAPITAL RESOURCES Cash flow provided by operations for the nine month period ended September 30, 2009 was $27,078,000. Excluding the effects of significant unforeseen expenses or other income, our cash flow from operations fluctuates primarily because of variations in oil and gas production and prices or changes in working capital accounts. Our oil and gas production will vary based on actual well performance but may be curtailed due to factors beyond our control. Hurricanes in the Gulf of Mexico may shut down our production for the duration of the storm's presence in the Gulf or damage production facilities so that we cannot produce from a particular property for an extended amount of time. In addition, downstream activities on major pipelines in the Gulf of Mexico can also cause us to shut-in production for various lengths of time. Our realized oil and gas prices vary due to world political events, supply and demand of products, product storage levels, and weather patterns. We sell the vast majority of our production at spot market prices. Accordingly, product price volatility will affect our cash flow from operations. To mitigate price volatility we sometimes lock in prices for some portion of our production through the use of financial instruments. The Company is a participant in nine oil and three gas commodity derivative financial instruments which were effective prior to September 30, 2009. Subsequent to the quarter end, the Company entered into two gas and one oil commodity derivative financial instruments listed in the table set forth below. The Company's activities include development and exploratory drilling. The Company's strategy is to develop a balanced portfolio of drilling prospects that i...Click here to read the whole Article (external link)
PrimeEnergy moves to 3Q loss as gas prices fall
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
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