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PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations. The company operates approximately 710 active wells and owns non-operating interests in approximately 822 additional wells primarily in Oklahoma and Texas. The company was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. The company was incorporated in 1973 and is headquartered in Houston, Texas.

PrimeEnergy Resources Dividend Announcement

• PrimeEnergy Resources does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on PrimeEnergy Resources dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

PrimeEnergy Resources Dividend History

PrimeEnergy Resources Dividend Yield

PrimeEnergy Resources current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing PrimeEnergy Resources stock? Use our calculator to estimate your expected dividend yield:

PrimeEnergy Resources Financial Ratios

P/E ratio5.58
PEG ratio0.47
P/B ratio1.43
ROE28.34%
Payout ratio0.00%
Current ratio0.61
Quick ratio0.61
Cash Ratio0.03

PrimeEnergy Resources Dividend FAQ

Does PrimeEnergy Resources stock pay dividends?
PrimeEnergy Resources does not currently pay dividends to its shareholders.
Has PrimeEnergy Resources ever paid a dividend?
No, PrimeEnergy Resources has no a history of paying dividends to its shareholders. PrimeEnergy Resources is not known for its dividend payments.
Why doesn't PrimeEnergy Resources pay dividends?
There are several potential reasons why PrimeEnergy Resources would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will PrimeEnergy Resources ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While PrimeEnergy Resources has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is PrimeEnergy Resources a dividend aristocrat?
PrimeEnergy Resources is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is PrimeEnergy Resources a dividend king?
PrimeEnergy Resources is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is PrimeEnergy Resources a dividend stock?
No, PrimeEnergy Resources is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy PrimeEnergy Resources stocks?
To buy PrimeEnergy Resources you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy PrimeEnergy Resources stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.