Added to YB: 2024-12-16
Pitch date: 2024-12-14
PNRG [bullish]
PrimeEnergy Resources Corporation
-8.94%
current return
Author Info
No bio for this author
Company Info
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States.
Market Cap
$230.2M
Pitch Price
$190.35
Price Target
300.00 (+73%)
Dividend
N/A
EV/EBITDA
1.73
P/E
9.38
EV/Sales
1.10
Sector
Oil, Gas and Consumable Fuels
Category
growth
The Well-Oiled Machine: PrimeEnergy Resource's Decade-Long Setup (PNRG)
PNRG: 55% upside to $300 by 2025. Production to hit 20k boepd (113% YoY). 20% LTM FCF yield, no debt. 70-80% insider owned. Industry-leading $9.31/boe costs, 62% CFO/revenue. $113.8M 2024 capex for 14.28 wells. Risks: execution, commodity prices, well declines. Potential sale upside to $382/share based on APA comp.
Read full article (7 min)