Primeenergy Resources Corp (NASDAQ:PNRG) Director Clint Hurt sold 1,203 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $156,390.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ PNRG opened at $129.95 on Monday. Primeenergy Resources Corp has a fifty-two week low of $67.01 and a fifty-two week high of $184.20. The firm’s 50 day simple moving average is $134.93. The company has a market capitalization of $264.32 million, a P/E ratio of 54.15 and a beta of 0.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72.
Primeenergy Resources (NASDAQ:PNRG) last announced its earnings results on Monday, May 20th. The oil and natural gas company reported ($1.49) earnings per share for the quarter. Primeenergy Resources had a net margin of 7.16% and a return on equity of 7.92%. The business had revenue of $24.42 million for the quarter.
Large investors have recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in shares of Primeenergy Resources during the first quarter valued at approximately $26,000. Moors & Cabot Inc. purchased a new stake in shares of Primeenergy Resources during the first quarter valued at approximately $314,000. Finally, Heritage Investors Management Corp purchased a new stake in shares of Primeenergy Resources during the first quarter valued at approximately $385,000. Hedge funds and other institutional investors own 2.87% of the company’s stock.
Separately, ValuEngine downgraded shares of Primeenergy Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, July 3rd.
About Primeenergy Resources
PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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 operations, site-preparation, and construction services for oil and gas drilling and reworking operations.
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