Short Interest in PrimeEnergy Resources Co. (NASDAQ:PNRG) Rises By 28.6%

PrimeEnergy Resources Co. (NASDAQ:PNRG) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 16,200 shares, a growth of 28.6% from the January 31st total of 12,600 shares. Based on an average daily volume of 14,200 shares, the short-interest ratio is presently 1.1 days. Approximately 2.7% of the shares of the stock are sold short.

PrimeEnergy Resources Trading Down 0.6 %

Shares of NASDAQ:PNRG traded down $1.06 during trading on Tuesday, reaching $188.62. The stock had a trading volume of 14,438 shares, compared to its average volume of 6,834. The business has a fifty day moving average price of $207.49 and a 200-day moving average price of $179.20. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $323.86 million, a P/E ratio of 8.11 and a beta of 0.54. PrimeEnergy Resources has a fifty-two week low of $96.02 and a fifty-two week high of $243.49.

Insider Activity at PrimeEnergy Resources

In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 471 shares of PrimeEnergy Resources stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $212.00, for a total transaction of $99,852.00. Following the completion of the transaction, the insider now owns 253,000 shares in the company, valued at approximately $53,636,000. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Hurt sold 997 shares of PrimeEnergy Resources stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $234.09, for a total transaction of $233,387.73. Following the transaction, the director now owns 139,766 shares of the company’s stock, valued at approximately $32,717,822.94. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,896 shares of company stock worth $6,957,496 over the last 90 days. Company insiders own 61.07% of the company’s stock.

Institutional Investors Weigh In On PrimeEnergy Resources

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in PrimeEnergy Resources by 8.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 35,812 shares of the oil and natural gas company’s stock valued at $7,865,000 after purchasing an additional 2,753 shares during the period. Invesco Ltd. purchased a new stake in PrimeEnergy Resources during the fourth quarter worth approximately $6,322,000. Geode Capital Management LLC grew its stake in PrimeEnergy Resources by 6.4% during the third quarter. Geode Capital Management LLC now owns 15,639 shares of the oil and natural gas company’s stock worth $2,155,000 after buying an additional 935 shares during the period. Bridgeway Capital Management LLC grew its stake in PrimeEnergy Resources by 73.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 12,449 shares of the oil and natural gas company’s stock worth $2,734,000 after buying an additional 5,270 shares during the period. Finally, Northern Trust Corp grew its stake in PrimeEnergy Resources by 4.7% during the fourth quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company’s stock worth $2,289,000 after buying an additional 464 shares during the period.

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.