Is PRIMEENERGY RESOURCES CORP (PNRG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.4% / 30% | 0.7% / 30% | 7.1% / 30% | 0.08% / 5% | ✓ HALAL |
| DJIM | 2.4% / 33% | 0.7% / 33% | 7.1% / 33% | 0.08% / 5% | ✓ HALAL |
| MSCI | 2.5% / 33% | 0.8% / 33% | 7.5% / 33% | 0.08% / 5% | ✓ HALAL |
| S&P | 2.4% / 33% | 0.7% / 33% | 7.1% / 33% | 0.08% / 5% | ✓ HALAL |
| FTSE | 2.5% / 33% | 0.8% / 33% | 7.5% / 50% | 0.08% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 69.6% | |
| Operating Margin | 27.9% | |
| Net Margin | 12.8% | |
| Return on Equity (ROE) | 12.1% | |
| Return on Assets (ROA) | 6.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $116M |
| Free Cash Flow | -$3M |
| Total Debt | $8M |
| Debt-to-Equity | 0.3 |
| Current Ratio | 0.5 |
| Total Assets | $325M |
Price & Trading
| Last Close | $227.01 |
| 50-Day MA | $193.96 |
| 200-Day MA | $169.41 |
| Avg Volume | 54K |
| Beta | -0.1 |
|
52-Week Range
$126.40
| |
About PRIMEENERGY RESOURCES CORP (PNRG)
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties. 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 was formerly known as PrimeEnergy Corporation and changed its name to PrimeEnergy Resources Corporation in December 2018. PrimeEnergy Resources Corporation was incorporated in 1973 and is based in Houston, Texas.
Purification Calculator
As a halal stock with 0.08% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is PRIMEENERGY RESOURCES CORP (PNRG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), PRIMEENERGY RESOURCES CORP is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is PRIMEENERGY RESOURCES CORP's debt ratio?
PRIMEENERGY RESOURCES CORP's debt ratio is 2.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 2.5%.
Does PRIMEENERGY RESOURCES CORP require dividend purification?
Yes, PRIMEENERGY RESOURCES CORP has an impermissible income ratio of 0.08%, which means 0.08% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are PRIMEENERGY RESOURCES CORP's key financial metrics?
PRIMEENERGY RESOURCES CORP has a market capitalization of $396M, trailing P/E ratio of 23.0, and revenue of $234M. The company maintains a gross margin of 69.6% and a net margin of 12.8%. Return on equity stands at 12.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.