PrimeEnergy Resources (NASDAQ:PNRG) Issues Quarterly Earnings Results

PrimeEnergy Resources (NASDAQ:PNRG) issued its earnings results on Tuesday. The oil and natural gas company reported $1.02 EPS for the quarter, Zacks reports. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%.

PrimeEnergy Resources Stock Performance

NASDAQ:PNRG traded up $4.01 during mid-day trading on Tuesday, reaching $187.80. The company’s stock had a trading volume of 45,124 shares, compared to its average volume of 8,934. The firm’s fifty day moving average price is $201.34 and its two-hundred day moving average price is $193.97. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock has a market cap of $322.45 million, a P/E ratio of 8.07 and a beta of 0.04. PrimeEnergy Resources has a 12-month low of $98.55 and a 12-month high of $243.49.

Insider Transactions at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De bought 1,017 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were bought at an average price of $195.29 per share, for a total transaction of $198,609.93. Following the purchase, the insider now owns 236,913 shares in the company, valued at approximately $46,266,739.77. The trade was a 0.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Clint Hurt sold 3,095 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $214.65, for a total transaction of $664,341.75. Following the completion of the transaction, the director now owns 132,681 shares of the company’s stock, valued at approximately $28,479,976.65. The trade was a 2.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,335 shares of company stock worth $5,548,942 over the last three months. 61.07% of the stock is currently owned by company insiders.

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.