PrimeEnergy Resources (NASDAQ:PNRG) Share Price Passes Above Two Hundred Day Moving Average of $102.09

PrimeEnergy Resources Co. (NASDAQ:PNRG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $102.09 and traded as high as $112.50. PrimeEnergy Resources shares last traded at $105.67, with a volume of 1,049 shares changing hands.

PrimeEnergy Resources Price Performance

The company has a market cap of $197.56 million, a P/E ratio of 7.58 and a beta of 0.53. The company has a fifty day simple moving average of $102.36 and a 200-day simple moving average of $102.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.36 and a quick ratio of 0.49.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its quarterly earnings results on Monday, April 15th. The oil and natural gas company reported $2.28 earnings per share (EPS) for the quarter. The company had revenue of $35.51 million for the quarter. PrimeEnergy Resources had a return on equity of 24.03% and a net margin of 26.50%.

Insider Buying and Selling at PrimeEnergy Resources

In other PrimeEnergy Resources news, Director Clint Hurt sold 874 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $100.00, for a total transaction of $87,400.00. Following the sale, the director now directly owns 145,763 shares of the company’s stock, valued at approximately $14,576,300. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 18,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $92.00, for a total transaction of $1,656,000.00. Following the sale, the insider now directly owns 295,518 shares of the company’s stock, valued at approximately $27,187,656. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Clint Hurt sold 874 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $100.00, for a total transaction of $87,400.00. Following the sale, the director now directly owns 145,763 shares in the company, valued at $14,576,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,810 shares of company stock valued at $2,237,269. Corporate insiders own 61.07% of the company’s stock.

Institutional Trading of PrimeEnergy Resources

Large investors have recently added to or reduced their stakes in the company. Lauer Wealth LLC acquired a new position in shares of PrimeEnergy Resources in the fourth quarter worth $300,000. Bank of New York Mellon Corp acquired a new position in shares of PrimeEnergy Resources in the third quarter worth $241,000. Raymond James & Associates acquired a new position in shares of PrimeEnergy Resources in the third quarter worth $232,000. Janney Montgomery Scott LLC increased its stake in shares of PrimeEnergy Resources by 21.4% in the third quarter. Janney Montgomery Scott LLC now owns 6,060 shares of the oil and natural gas company’s stock worth $703,000 after acquiring an additional 1,067 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of 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 worth $441,000 after acquiring an additional 406 shares during the last quarter.

PrimeEnergy Resources 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.