PrimeEnergy Resources (PrimeEnergy Resources) 6-1 Month Momentum % : -5.15% (As of May. 19, 2024)

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What is PrimeEnergy Resources 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-19), PrimeEnergy Resources's 6-1 Month Momentum % is -5.15%.

The industry rank for PrimeEnergy Resources's 6-1 Month Momentum % or its related term are showing as below:

PNRG's 6-1 Month Momentum % is ranked worse than
64.44% of 1091 companies
in the Oil & Gas industry
Industry Median: 3.47 vs PNRG: -5.15

Competitive Comparison of PrimeEnergy Resources's 6-1 Month Momentum %

For the Oil & Gas E&P subindustry, PrimeEnergy Resources's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PrimeEnergy Resources's 6-1 Month Momentum % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PrimeEnergy Resources's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where PrimeEnergy Resources's 6-1 Month Momentum % falls into.

PrimeEnergy Resources (NAS:PNRG) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %

( Price 1-month ago

Price 6-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PrimeEnergy Resources (NAS:PNRG) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

PrimeEnergy Resources 6-1 Month Momentum % Related Terms

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PrimeEnergy Resources (PrimeEnergy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrimeEnergy Resources Corp (NAS:PNRG) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9821 Katy Freeway, Houston, TX, USA, 77024

Website

http://www.primeenergy.com

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

Executives

Rothschild Robert De	10 percent owner	1251 AVENUE OF THE AMERICAS 51ST FL, NEW YORK NY 10020
Clint Hurt	director	4015 HOLLAND #101, DALLAS TX 75219
Drimal Charles E Jr	director, 10 percent owner, officer: Chief Executive Officer	4015 HOLLAND #101, DALLAS TX 75219
Gaines Wehrle	director, 10 percent owner
Gifford Fong	director
Jan K Smeets	director	4015 HOLLAND #101, DALLAS TX 75219
Mcjunkin Red Man Holding Corp	10 percent owner	FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Mcjunkin Red Man Corp	10 percent owner	2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Rene Pierre Azria	10 percent owner	C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580
Gimbel Thomas S T	director
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Gs Capital Partners Vi Gmbh & Co Kg	10 percent owner	200 WEST STREET, New York NY 10282
Gs Capital Partners Vi Parallel Lp	10 percent owner	85 Broad St, New York NY 10004
Gs Advisors Vi, L.l.c.	10 percent owner	1209 ORANGE STREET, WILMINGTON DE 19801