PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Sells $336,833.68 in Stock

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 3,368 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $100.01, for a total value of $336,833.68. Following the sale, the director now owns 147,827 shares in the company, valued at $14,784,178.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, April 24th, Clint Hurt sold 874 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.00, for a total value of $87,400.00.
• On Thursday, April 18th, Clint Hurt sold 1,568 shares of PrimeEnergy Resources stock. The shares were sold at an average price of $100.15, for a total value of $157,035.20.

PrimeEnergy Resources Trading Down 0.5 %

PNRG opened at $101.97 on Friday. The stock has a market cap of $182.53 million, a PE ratio of 9.48 and a beta of 0.51. PrimeEnergy Resources Co. has a 1 year low of $80.63 and a 1 year high of $120.00. The stock’s 50 day simple moving average is $99.80 and its 200-day simple moving average is $102.35.

PrimeEnergy Resources (NASDAQ:PNRG) last released its quarterly earnings data on Monday, April 15th. The oil and natural gas company reported $2.28 earnings per share (EPS) for the quarter. The business had revenue of $35.51 million for the quarter. PrimeEnergy Resources had a return on equity of 18.66% and a net margin of 22.83%.

Institutional Trading of PrimeEnergy Resources

A number of large investors have recently bought and sold shares of PNRG. Barclays PLC grew its position in PrimeEnergy Resources by 258.4% in the third quarter. Barclays PLC now owns 534 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 385 shares during the period. Raymond James & Associates bought a new stake in PrimeEnergy Resources in the third quarter valued at $232,000. Bank of New York Mellon Corp bought a new stake in PrimeEnergy Resources in the third quarter valued at $241,000. Lauer Wealth LLC acquired a new position in PrimeEnergy Resources in the fourth quarter worth $300,000. Finally, Strs Ohio boosted its stake in PrimeEnergy Resources by 5.9% in the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock worth $382,000 after purchasing an additional 200 shares in the last quarter.

PrimeEnergy Resources Company Profile

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