PrimeEnergy Resources Q1 EPS $0.53 Down From $4.07 YoY, Sales $22.65M Down From $26.21M YoY
Portfolio Pulse from Happy Mohamed
PrimeEnergy Resources reported Q1 earnings of $0.53 per share, an 86.98% decrease from $4.07 YoY. Sales were $22.65M, down 13.59% from $26.21M YoY.
May 22, 2023 | 5:22 pm
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PrimeEnergy Resources' Q1 earnings fell 86.98% to $0.53 per share, and sales decreased 13.59% to $22.65M YoY.
PrimeEnergy Resources' significant decrease in earnings and sales YoY is likely to negatively impact the stock price in the short term, as investors may perceive this as a sign of poor performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100