PrimeEnergy Resources (PNRG) Lost Over 6% This Week. Here is Why.

The share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) fell by 6.18% between May 27 and June 3, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let’s shed some light on the development.

PrimeEnergy Resources (PNRG) Lost Over 6% This Week. Here is Why.

Aerial view of an oil rig illuminated against a night sky.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) engages in the acquisition, development, and production of oil and natural gas properties in the United States.

The share price of PrimeEnergy Resources Corporation (NASDAQ:PNRG) surged last month after the company posted impressive results for its Q1 2025, reporting a 16.4% YoY increase in revenue. The energy firm also posted notable increases in oil, natural gas, and NGL production, while repurchasing $9.17 million worth of shares during the quarter. However, PNRG’s net income declined by 19.3% YoY while its diluted EPS decreased by 15.7% YoY. The stock has been under pressure since then, possibly due to profit-taking by investors.

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Disclosure: None.