PrimeEnergy Resources (NASDAQ:PNRG) Stock Price Passes Above Two Hundred Day Moving Average of $102.34

PrimeEnergy Resources Co. (NASDAQ:PNRGGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $102.34 and traded as high as $109.95. PrimeEnergy Resources shares last traded at $109.44, with a volume of 6,702 shares.

PrimeEnergy Resources Stock Performance

The firm has a market cap of $194.80 million, a PE ratio of 7.48 and a beta of 0.55. The firm has a fifty day moving average price of $104.43 and a 200 day moving average price of $102.34. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.02.

PrimeEnergy Resources (NASDAQ:PNRGGet Free Report) last issued its quarterly earnings data on Friday, May 17th. The oil and natural gas company reported $4.41 earnings per share (EPS) for the quarter. The firm had revenue of $42.99 million for the quarter. PrimeEnergy Resources had a net margin of 26.50% and a return on equity of 24.03%.

Insider Buying and Selling at PrimeEnergy Resources

In other PrimeEnergy Resources news, Director Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $100.15, for a total value of $157,035.20. Following the completion of the transaction, the director now directly owns 154,195 shares of the company’s stock, valued at approximately $15,442,629.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Clint Hurt sold 1,568 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $100.15, for a total transaction of $157,035.20. Following the completion of the transaction, the director now directly owns 154,195 shares of the company’s stock, valued at $15,442,629.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Rothschild Robert De sold 17,800 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $97.50, for a total value of $1,735,500.00. Following the transaction, the insider now directly owns 277,968 shares of the company’s stock, valued at $27,101,880. The disclosure for this sale can be found here. Insiders sold a total of 23,610 shares of company stock valued at $2,316,769 in the last three months. 61.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PrimeEnergy Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in PrimeEnergy Resources by 258.4% in the third quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock valued at $62,000 after buying an additional 385 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in PrimeEnergy Resources in the third quarter valued at approximately $241,000. Lauer Wealth LLC purchased a new stake in PrimeEnergy Resources in the fourth quarter valued at approximately $300,000. Strs Ohio lifted its stake in PrimeEnergy Resources by 5.9% in the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after buying an additional 200 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in PrimeEnergy Resources by 11.9% in the third quarter. New York State Common Retirement Fund now owns 3,806 shares of the oil and natural gas company’s stock valued at $441,000 after buying an additional 406 shares during the last quarter.

PrimeEnergy Resources Company Profile

(Get Free Report)

PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquisition, development, and production of oil and natural gas properties in the United States. The company owns leasehold, mineral, and royalty interests in producing and non-producing oil and gas properties; and operates approximately 534 active wells and owns non-operating interests and royalties in 952 additional wells.

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