PrimeEnergy Resources's quarterly market cap
increased
from Jun. 2023 ($169.4 Mil) to Sep. 2023 ($212.1 Mil) but then
declined
from Sep. 2023 ($212.1 Mil) to Dec. 2023 ($193.6 Mil).
PrimeEnergy Resources's annual market cap
increased
from Dec. 2021 ($139.6 Mil) to Dec. 2022 ($165.1 Mil) and
increased
from Dec. 2022 ($165.1 Mil) to Dec. 2023 ($193.6 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. PrimeEnergy Resources's Enterprise Value for Today is $171.1 Mil.
* 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.
Competitive Comparison of PrimeEnergy Resources's Market Cap
For the Oil & Gas E&P subindustry, PrimeEnergy Resources's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PrimeEnergy Resources's Market Cap distribution charts can be found below:
* The bar in red indicates where PrimeEnergy Resources's Market Cap falls into.
PrimeEnergy Resources Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
PrimeEnergy Resources's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
PrimeEnergy Resources Market Cap Related Terms
Thank you for viewing the detailed overview of PrimeEnergy Resources's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
PrimeEnergy Resources (PrimeEnergy Resources) Business Description
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.
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