PrimeEnergy (NASDAQ:PNRG) Director Clint Hurt Sells 8,936 Shares

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 8,936 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $191.58, for a total transaction of $1,711,958.88. Following the completion of the transaction, the director directly owned 105,763 shares of the company’s stock, valued at $20,262,075.54. This represents a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, February 5th, Clint Hurt sold 1,064 shares of PrimeEnergy stock. The shares were sold at an average price of $190.02, for a total transaction of $202,181.28.
• On Thursday, December 11th, Clint Hurt sold 1,285 shares of PrimeEnergy stock. The shares were sold at an average price of $190.07, for a total value of $244,239.95.
• On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The shares were sold at an average price of $190.12, for a total value 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 Down 0.0%

PrimeEnergy stock opened at $192.97 on Tuesday. The stock has a market cap of $314.54 million, a P/E ratio of 18.47 and a beta of -0.03. PrimeEnergy Corporation has a twelve month low of $126.40 and a twelve month high of $238.20. The company’s 50-day moving average price is $177.72 and its two-hundred day moving average price is $164.91.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of PrimeEnergy from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of PrimeEnergy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Trading of PrimeEnergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aviva PLC bought a new position in shares of PrimeEnergy in the second quarter valued at $281,000. Marex Group plc acquired a new stake in shares of PrimeEnergy in the 2nd quarter worth about $1,317,000. Wittenberg Investment Management Inc. bought a new position in PrimeEnergy in the 2nd quarter valued at about $439,000. Magnetar Financial LLC bought a new position in PrimeEnergy in the 2nd quarter valued at about $298,000. Finally, Quantbot Technologies LP lifted its position in PrimeEnergy by 51,768.8% in the 2nd quarter. Quantbot Technologies LP now owns 8,299 shares of the oil and natural gas company’s stock valued at $1,215,000 after acquiring an additional 8,283 shares in the last quarter.

About PrimeEnergy

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. 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, site-preparation, and construction services for oil and gas drilling and reworking operations.