Primoris Services traded at $126.32 this Wednesday June 3rd, increasing $2.01 or 1.62 percent since the previous trading session. Looking back, over the last four weeks, Primoris Services gained 31.92 percent. Over the last 12 months, its price rose by 73.09 percent. Looking ahead, we forecast Primoris Services to be priced at 123.28 by the end of this quarter and at 116.06 in one year, according to Trading Economics global macro models projections and analysts expectations.
Primoris Services Corporation is a provider of specialty contracting services operating mainly in the United States and Canada. The Company provides a wide range of specialty construction services, fabrication, maintenance, replacement, procurement and engineering services through its three segments: Utilities Segment, Energy Segment and Pipeline Services Segment. The Utilities Segment offers a range of services, including installation and maintenance of new and existing natural gas utility distribution systems, electric utility transmission, substation and pipeline integrity services. The Company's Energy Segment provides engineering, procurement and construction, retrofits, upgrades, repairs, outages and maintenance services. It also specializes in highway, bridge and airport runway construction, demolition and site work. The Pipeline Services Segment offers pipeline construction and maintenance, pipeline facility and integrity services.