PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $173,586.00 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRGGet Rating) Director Clint Hurt sold 2,100 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $82.66, for a total transaction of $173,586.00. Following the sale, the director now directly owns 173,878 shares of the company’s stock, valued at $14,372,755.48. The sale was disclosed in a document filed with the SEC, which is available through this link.

Clint Hurt also recently made the following trade(s):

  • On Monday, March 14th, Clint Hurt sold 700 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $80.38, for a total transaction of $56,266.00.
  • On Friday, March 11th, Clint Hurt sold 2,000 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $82.59, for a total transaction of $165,180.00.
  • On Wednesday, March 9th, Clint Hurt sold 471 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $81.63, for a total value of $38,447.73.

Shares of NASDAQ PNRG traded down $0.16 during midday trading on Friday, reaching $83.39. 259 shares of the stock traded hands, compared to its average volume of 5,528. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market capitalization of $164.70 million, a PE ratio of 108.51 and a beta of 0.80. PrimeEnergy Resources Co. has a one year low of $41.00 and a one year high of $89.51. The company’s 50 day moving average is $75.73 and its 200 day moving average is $72.84.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. bought a new stake in PrimeEnergy Resources in the first quarter worth $26,000. JPMorgan Chase & Co. bought a new stake in PrimeEnergy Resources in the fourth quarter worth $27,000. Susquehanna International Group LLP bought a new stake in PrimeEnergy Resources in the fourth quarter worth $216,000. Millennium Management LLC bought a new stake in PrimeEnergy Resources in the second quarter worth $208,000. Finally, Wedbush Securities Inc. increased its stake in shares of PrimeEnergy Resources by 59.2% during the fourth quarter. Wedbush Securities Inc. now owns 7,598 shares of the oil and natural gas company’s stock valued at $533,000 after buying an additional 2,825 shares during the period. Hedge funds and other institutional investors own 12.19% of the company’s stock.

Separately, TheStreet upgraded PrimeEnergy Resources from a “d” rating to a “c” rating in a research report on Friday, April 22nd.

PrimeEnergy Resources Company Profile (Get Rating)

PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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.

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