PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company operates approximately 710 active wells and owns non-operating interests in approximately 822 additional wells primarily in Oklahoma and Texas. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. The company was incorporated in 1973 and is headquartered in Houston, Texas.
P/E ratio for PrimeEnergy Resources Corporation (PNRG)
P/E ratio as of 2023: 7.00
According to PrimeEnergy Resources Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.00. At the end of 2022 the company had a P/E ratio of 3.49.
P/E ratio history for PrimeEnergy Resources Corporation from 1985 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 7.00 |
| 2022 | 3.49 |
| 2021 | 66.56 |
| 2020 | -36.44 |
| 2019 | 87.88 |
| 2018 | 13.71 |
| 2017 | 2.71 |
| 2016 | 35.96 |
| 2015 | -9.58 |
| 2014 | 6.35 |
| 2013 | 10.03 |
| 2012 | 4.01 |
| 2011 | 12.90 |
| 2010 | 20.58 |
| 2009 | -4.67 |
| 2008 | 294.05 |
| 2007 | 23.52 |
| 2006 | 11.68 |
| 2005 | 6.73 |
| 2004 | 10.23 |
| 2003 | 9.37 |
| 2002 | 17.02 |
| 2001 | 5.73 |
| 2000 | 5.65 |
| 1999 | -9.90 |
| 1998 | -14.47 |
| 1997 | 40.91 |
| 1996 | 29.47 |
| 1995 | 28.39 |
| 1994 | 24.31 |
| 1993 | 47.92 |
| 1992 | 6.25 |
| 1991 | 12.50 |
| 1990 | 8.82 |
| 1989 | 11.25 |
| 1988 | 0.00 |
| 1987 | -2.08 |
| 1986 | -1.28 |
| 1985 | -4.75 |