Primoris Services (NYSE:PRIM) Stock Gets Price Target Reduction from Oppenheimer

Primoris Services (NYSE:PRIM) had its price objective lowered by analysts at Oppenheimer from $135.00 to $115.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer‘s price target points to a potential upside of 94.95% from the stock’s current price.

PRIM has been the topic of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and set a $99.00 target price on shares of Primoris Services in a research report on Thursday, October 8th. Guggenheim cut their price target on Primoris Services from $162.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $105.00 price target on shares of Primoris Services in a research report on Tuesday, September 29th. Piper Sandler started coverage on Primoris Services in a report on Wednesday, September 9th. They issued a “neutral” rating and a $90.00 target price for the company. Finally, UBS Group reiterated a “neutral” rating on shares of Primoris Services in a research report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

Primoris Services Price Performance

Shares of PRIM stock traded down $9.46 on Thursday, hitting $58.99. 949,545 shares of the stock traded hands, compared to its average volume of 1,420,513. The firm has a 50 day simple moving average of $75.15 and a two-hundred day simple moving average of $112.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.18 and a quick ratio of 1.18. Primoris Services has a 52 week low of $58.00 and a 52 week high of $205.50. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 33.06 and a beta of 1.44.

Primoris Services (NYSE:PRIM) last issued its earnings results on Tuesday, November 3rd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.39. Primoris Services had a return on equity of 7.60% and a net margin of 1.36%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The business’s revenue was down 10.4% compared to the same quarter last year. As a group, equities research analysts predict that Primoris Services will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Primoris Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in Primoris Services during the 2nd quarter valued at approximately $17,268,000. Royal Bank of Canada grew its position in Primoris Services by 79.7% in the 1st quarter. Royal Bank of Canada now owns 55,614 shares of the company’s stock valued at $7,955,000 after buying an additional 24,672 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in Primoris Services during the second quarter worth approximately $2,514,000. Raiffeisen Bank International AG boosted its stake in Primoris Services by 904.8% during the second quarter. Raiffeisen Bank International AG now owns 198,000 shares of the company’s stock valued at $19,254,000 after buying an additional 178,294 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Primoris Services by 34.0% during the third quarter. Vontobel Holding Ltd. now owns 452,306 shares of the company’s stock valued at $33,706,000 after purchasing an additional 114,640 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Primoris Services

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Primoris reported third-quarter EPS of $1.20, ahead of analyst expectations. Management also expects Energy-segment margins to recover to 10%–12% in 2027, suggesting improvement after near-term operating challenges. Article: Primoris expects Energy segment margins to recover in 2027
• Negative Sentiment: Third-quarter revenue of $1.95 billion missed analyst estimates of $2.0 billion and fell 10.4% year over year. EPS also declined from $1.88 a year earlier, tempering the impact of the earnings beat. Article: Q3 sales missed analyst estimates
• Negative Sentiment: The company reset its 2026 EPS guidance to $1.20–$1.35, pointing to continued near-term pressure. Needham also lowered its price target to $110, adding to the cautious tone. Article: Primoris outlook and margin expectations Article: Needham lowers Primoris price target
• Neutral Sentiment: Primoris declared a quarterly dividend of $0.08 per share, equivalent to $0.32 annually; its reported yield is modest. Article: Primoris dividend information

Primoris Services Company Profile

Primoris Services Corporation (NYSE: PRIM) is a specialty contractor that provides construction, engineering, maintenance and fabrication services for critical infrastructure. The company serves customers in the energy, utilities and industrial markets, with work spanning power generation, power delivery, natural gas, renewable energy, petrochemical and industrial facilities.

Its services include utility and transmission construction, renewable energy development support, underground and overhead infrastructure, pipeline construction, facility maintenance, environmental services and specialty industrial construction.