Insider Selling: PrimeEnergy (NASDAQ:PNRG) Director Sells $244,239.95 in Stock

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 1,285 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $190.07, for a total transaction of $244,239.95. Following the transaction, the director owned 115,763 shares in the company, valued at $22,003,073.41. The trade was a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The stock was sold at an average price of $190.12, for a total transaction of $706,295.80.
• On Tuesday, December 9th, Clint Hurt sold 5,000 shares of PrimeEnergy stock. The shares were sold at an average price of $190.20, for a total transaction of $951,000.00.

PrimeEnergy Stock Performance

PNRG stock opened at $173.34 on Monday. The firm has a market cap of $282.54 million, a P/E ratio of 16.59 and a beta of -0.08. The firm’s fifty day moving average is $157.83 and its 200 day moving average is $159.65. PrimeEnergy Corporation has a 52 week low of $126.40 and a 52 week high of $243.49.

PrimeEnergy (NASDAQ:PNRG) last posted its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share for the quarter. PrimeEnergy had a net margin of 12.69% and a return on equity of 12.19%. The business had revenue of $44.66 million during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PNRG shares. Weiss Ratings restated a “hold (c)” rating on shares of PrimeEnergy in a report on Monday, December 8th. Wall Street Zen upgraded PrimeEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of PrimeEnergy

Large investors have recently modified their holdings of the business. Quarry LP bought a new position in PrimeEnergy during the 3rd quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of PrimeEnergy during the third quarter valued at approximately $44,000. State of Wyoming raised its holdings in shares of PrimeEnergy by 62.7% during the second quarter. State of Wyoming now owns 423 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 163 shares in the last quarter. CWM LLC lifted its stake in PrimeEnergy by 673.6% in the third quarter. CWM LLC now owns 410 shares of the oil and natural gas company’s stock worth $68,000 after acquiring an additional 357 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in PrimeEnergy by 571.8% in the second quarter. Tower Research Capital LLC TRC now owns 477 shares of the oil and natural gas company’s stock valued at $70,000 after acquiring an additional 406 shares in the last quarter.

PrimeEnergy Company Profile

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.