Primeenergy Stock Market Value
| PNRG Stock | USD 198.00 3.05 1.52% |
| Symbol | PrimeEnergy |
PrimeEnergy Price To Book Ratio
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PrimeEnergy. If investors know PrimeEnergy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PrimeEnergy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.034 | Earnings Share 23.21 | Revenue Per Share 98.685 | Quarterly Revenue Growth 1.178 | Return On Assets 0.1202 |
The market value of PrimeEnergy is measured differently than its book value, which is the value of PrimeEnergy that is recorded on the company's balance sheet. Investors also form their own opinion of PrimeEnergy's value that differs from its market value or its book value, called intrinsic value, which is PrimeEnergy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PrimeEnergy's market value can be influenced by many factors that don't directly affect PrimeEnergy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PrimeEnergy's value and its price as these two are different measures arrived at by different means. Investors typically determine if PrimeEnergy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PrimeEnergy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PrimeEnergy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PrimeEnergy's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PrimeEnergy.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in PrimeEnergy on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding PrimeEnergy or generate 0.0% return on investment in PrimeEnergy over 720 days. PrimeEnergy is related to or competes with Epsilon Energy, Crescent Energy, Evolution Petroleum, MorningStar Partners,, CKX Lands, GeoPark, and PHX Minerals. PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acqu... More
PrimeEnergy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PrimeEnergy's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PrimeEnergy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.1688 | |||
| Maximum Drawdown | 12.61 | |||
| Value At Risk | (4.38) | |||
| Potential Upside | 5.88 |
PrimeEnergy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PrimeEnergy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PrimeEnergy's standard deviation. In reality, there are many statistical measures that can use PrimeEnergy historical prices to predict the future PrimeEnergy's volatility.| Risk Adjusted Performance | 0.1672 | |||
| Jensen Alpha | 0.4779 | |||
| Total Risk Alpha | 0.1735 | |||
| Sortino Ratio | 0.2177 | |||
| Treynor Ratio | 0.4618 |
PrimeEnergy Backtested Returns
PrimeEnergy appears to be very steady, given 3 months investment horizon. PrimeEnergy maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing PrimeEnergy's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please evaluate PrimeEnergy's Semi Deviation of 1.95, risk adjusted performance of 0.1672, and Coefficient Of Variation of 478.39 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PrimeEnergy holds a performance score of 17. The company holds a Beta of 1.38, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, PrimeEnergy will likely underperform. Please check PrimeEnergy's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether PrimeEnergy's historical price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
PrimeEnergy has good predictability. Overlapping area represents the amount of predictability between PrimeEnergy time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PrimeEnergy price movement. The serial correlation of 0.78 indicates that around 78.0% of current PrimeEnergy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 832.25 |
PrimeEnergy lagged returns against current returns
Autocorrelation, which is PrimeEnergy stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PrimeEnergy's stock expected returns. We can calculate the autocorrelation of PrimeEnergy returns to help us make a trade decision. For example, suppose you find that PrimeEnergy has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PrimeEnergy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PrimeEnergy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PrimeEnergy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PrimeEnergy stock over time.
Current vs Lagged Prices |
| Timeline |
PrimeEnergy Lagged Returns
When evaluating PrimeEnergy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PrimeEnergy stock have on its future price. PrimeEnergy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PrimeEnergy autocorrelation shows the relationship between PrimeEnergy stock current value and its past values and can show if there is a momentum factor associated with investing in PrimeEnergy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether PrimeEnergy is a strong investment it is important to analyze PrimeEnergy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PrimeEnergy's future performance. For an informed investment choice regarding PrimeEnergy Stock, refer to the following important reports:Check out PrimeEnergy Correlation, PrimeEnergy Volatility and PrimeEnergy Alpha and Beta module to complement your research on PrimeEnergy. For more detail on how to invest in PrimeEnergy Stock please use our How to Invest in PrimeEnergy guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
PrimeEnergy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.