How to buy Prominence Energy NL (PRM) shares

Learn how to easily invest in Prominence Energy NL shares.

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Prominence Energy Limited is an oil & gas e&p business based in Australia. Prominence Energy NL shares (PRM) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Prominence Energy NL has a trailing 12-month revenue of around $1.2 million. If you're looking to buy shares, check out the steps below.

How to buy shares in Prominence Energy NL

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Prominence Energy NL. Find the share by name or ticker symbol: PRM. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Prominence Energy NL reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Prominence Energy NL. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Prominence Energy NL stock price (ASX:PRM)

Use our graph to track the performance of PRM stocks over time.

Prominence Energy NL shares at a glance

Information last updated 2021-07-31.
52-week range$0.005 - $0.022
50-day moving average $0.0128
200-day moving average $0.0133
Target priceN/A
PE ratio 5
Dividend yield N/A (0%)
Earnings per share (TTM) $0.002

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
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AUD $8 or 0.1%
$50 per quarter if you make fewer than three trades in that period
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
AUD $5
No
ASX shares, US shares, ETFs
Australia’s lowest-cost broker for ASX shares and ETFs.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
ThinkMarkets Share Trading
AUD $8
No
ASX shares, ETFs
$8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
CMC Markets Stockbroking
AUD $11 or 0.1%
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$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
Bell Direct Share Trading
AUD $15
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ASX shares, mFunds, ETFs
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
Saxo Capital Markets (Classic account)
AUD $6.99
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ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
Acess 19,000+ stocks on 37 exchanges worldwide
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Is it a good time to buy Prominence Energy NL stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Prominence Energy NL price performance over time

Historical closes compared with the last close of A$0.015

1 month (2021-07-05) 7.14%
3 months (2021-05-05) -11.76%
2 years (2019-08-01) inf%
3 years (2018-08-01) inf%
5 years (2016-08-01) inf%

Is Prominence Energy NL under- or over-valued?

Valuing Prominence Energy NL stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Prominence Energy NL's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Prominence Energy NL's P/E ratio

Prominence Energy NL's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Prominence Energy NL shares trade at around 5x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Prominence Energy NL's EBITDA

Prominence Energy NL's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $661,942 (£351,853).

The EBITDA is a measure of a Prominence Energy NL's overall financial performance and is widely used to measure a its profitability.

Prominence Energy NL financials

Revenue TTM $1.2 million
Gross profit TTM $35,860
Return on assets TTM -24.46%
Return on equity TTM 0%
Profit margin 46.1%
Book value 0.001
Market capitalisation $9.3 million

TTM: trailing 12 months

Prominence Energy NL share dividends

We're not expecting Prominence Energy NL to pay a dividend over the next 12 months.

Have Prominence Energy NL's shares ever split?

Prominence Energy NL's shares were split on a 1:10 basis on 13 July 2020. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Prominence Energy NL shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Prominence Energy NL shares which in turn could have impacted Prominence Energy NL's share price.

Prominence Energy NL share price volatility

Over the last 12 months, Prominence Energy NL's shares have ranged in value from as little as $0.005 up to $0.022. A popular way to gauge a stock's volatility is its "beta".

PRM.AU volatility(beta: 1.21)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Prominence Energy NL's is 1.2056. This would suggest that Prominence Energy NL's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Prominence Energy NL overview

Prominence Energy NL engages in the exploration, development, and production of oil and gas projects in Australia and the United States. It holds a 50% interest in Bowsprit oil project comprising 577 net acres located to the southeast of New Orleans. The company was formerly known as Sun Resources NL and changed its name to Prominence Energy NL in December 2019. Prominence Energy NL was incorporated in 1986 and is headquartered in West Perth, Australia.

Prominence Energy NL in the news

There are no recent company news

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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