PrimeEnergy Resources (NASDAQ:PNRG) Announces Quarterly Earnings Results

PrimeEnergy Resources (NASDAQ:PNRG) issued its earnings results on Monday. The oil and natural gas company reported $3.72 EPS for the quarter, Zacks reports. The firm had revenue of $50.06 million during the quarter. PrimeEnergy Resources had a return on equity of 32.76% and a net margin of 27.73%.

PrimeEnergy Resources Stock Up 2.8%

Shares of NASDAQ PNRG opened at $188.01 on Wednesday. The stock has a market cap of $314.54 million, a PE ratio of 8.08 and a beta of 0.25. The business has a fifty day moving average of $190.51 and a two-hundred day moving average of $196.43. PrimeEnergy Resources has a 52-week low of $100.22 and a 52-week high of $243.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54.

Insider Buying and Selling at PrimeEnergy Resources

In related news, major shareholder Rothschild Robert De acquired 1,017 shares of the business’s stock in a transaction on Friday, February 21st. The stock was bought at an average cost of $195.29 per share, with a total value of $198,609.93. Following the completion of the acquisition, the insider now owns 236,913 shares in the company, valued at $46,266,739.77. The trade was a 0.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 61.07% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in PrimeEnergy Resources stock. AQR Capital Management LLC lifted its holdings in PrimeEnergy Resources Co. (NASDAQ:PNRG) by 286.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,897 shares of the oil and natural gas company’s stock after buying an additional 5,111 shares during the quarter. AQR Capital Management LLC owned about 0.41% of PrimeEnergy Resources worth $1,572,000 at the end of the most recent quarter.

About PrimeEnergy Resources

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.