Primoris Services (PRIM) EPS Estimated At $0.25; MEMEX ORD (MENXF) Shorts Down By 34.29%

February 14, 2018 - By Darrin Black

Analysts expect Primoris Services Corporation (NASDAQ:PRIM) to report $0.25 EPS on February, 27.They anticipate $0.03 EPS change or 10.71% from last quarter’s $0.28 EPS. PRIM’s profit would be $12.86M giving it 24.13 P/E if the $0.25 EPS is correct. After having $0.32 EPS previously, Primoris Services Corporation’s analysts see -21.88% EPS growth. The stock increased 0.25% or $0.06 during the last trading session, reaching $24.13. About 124,713 shares traded. Primoris Services Corporation (NASDAQ:PRIM) has risen 10.63% since February 14, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

MEMEX ORD (OTCMKTS:MENXF) had a decrease of 34.29% in short interest. MENXF’s SI was 2,300 shares in February as released by FINRA. Its down 34.29% from 3,500 shares previously. The stock increased 3.13% or $0.003 during the last trading session, reaching $0.089. It is down 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 7 analysts covering Primoris Services (NASDAQ:PRIM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Primoris Services had 10 analyst reports since November 12, 2015 according to SRatingsIntel. The stock of Primoris Services Corporation (NASDAQ:PRIM) has “Hold” rating given on Monday, November 20 by KeyBanc Capital Markets. Canaccord Genuity maintained the shares of PRIM in report on Thursday, October 19 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, August 8 report. The rating was downgraded by Avondale on Friday, November 18 to “Market Perform”. The company was maintained on Friday, March 11 by DA Davidson. The firm has “Hold” rating given on Monday, September 18 by KeyBanc Capital Markets. The firm has “Buy” rating given on Thursday, August 25 by Seaport Global. As per Thursday, October 19, the company rating was maintained by KeyBanc Capital Markets. The stock of Primoris Services Corporation (NASDAQ:PRIM) earned “Buy” rating by Wunderlich on Thursday, November 12.

Investors sentiment increased to 1.95 in 2017 Q3. Its up 0.75, from 1.2 in 2017Q2. It increased, as 9 investors sold Primoris Services Corporation shares while 34 reduced holdings. 40 funds opened positions while 44 raised stakes. 33.25 million shares or 0.97% more from 32.94 million shares in 2017Q2 were reported. Sg Americas Lc accumulated 0% or 5,150 shares. Price T Rowe Assocs Md holds 13,711 shares. 27,784 are owned by Cornercap Counsel Inc. Gotham Asset Ltd Limited Liability Company owns 50,793 shares. Metropolitan Life Insur New York has invested 0% in Primoris Services Corporation (NASDAQ:PRIM). Geode Management Ltd owns 393,376 shares. Credit Suisse Ag invested 0% of its portfolio in Primoris Services Corporation (NASDAQ:PRIM). Qs Investors Limited Liability Company owns 62 shares for 0% of their portfolio. Illinois-based Citadel Limited Liability Co has invested 0% in Primoris Services Corporation (NASDAQ:PRIM). Connecticut-based Aqr Cap Mngmt has invested 0% in Primoris Services Corporation (NASDAQ:PRIM). Group invested 0% of its portfolio in Primoris Services Corporation (NASDAQ:PRIM). Wells Fargo And Mn accumulated 217,020 shares. Rhumbline Advisers accumulated 0% or 45,094 shares. Peconic Prns Lc holds 25,000 shares. Retail Bank Of Mellon Corporation holds 0% of its portfolio in Primoris Services Corporation (NASDAQ:PRIM) for 254,296 shares.

Since September 6, 2017, it had 0 insider buys, and 7 selling transactions for $36.86 million activity. The insider MOERBEEK PETER J sold 19,778 shares worth $573,450. 436,926 shares valued at $12.39 million were sold by Pratt Brian on Monday, September 11. King David Lee sold $248,982 worth of stock. The insider Schauerman John P. sold $1.15 million.

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. The company has market cap of $1.24 billion. It operates through three divisions: The West Construction Services, The East Construction Services, and The Energy. It has a 19.62 P/E ratio. The firm installs, replaces, repairs, and rehabilitates natural gas, refined product, and water and wastewater pipeline systems; diameter gas and liquid pipeline facilities; and heavy civil projects, earthwork, and site development, as well as constructs mechanical facilities and other structures, including power plants, petrochemical facilities, refineries, water and wastewater treatment facilities, and parking structures.

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