PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt Sells 1,000 Shares

PrimeEnergy Resources Co. (NASDAQ:PNRG) Director Clint Hurt sold 1,000 shares of PrimeEnergy Resources stock in a transaction on Thursday, October 7th. The shares were sold at an average price of $60.12, for a total value of $60,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:PNRG opened at $63.94 on Thursday. PrimeEnergy Resources Co. has a 12-month low of $34.33 and a 12-month high of $98.00. The business’s fifty day simple moving average is $55.05 and its 200-day simple moving average is $49.86. The company has a market capitalization of $127.50 million, a PE ratio of -84.13 and a beta of 1.09. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.35.

PrimeEnergy Resources (NASDAQ:PNRG) last announced its quarterly earnings results on Monday, August 23rd. The oil and natural gas company reported ($1.20) earnings per share (EPS) for the quarter. PrimeEnergy Resources had a net margin of 0.49% and a return on equity of 0.27%. The company had revenue of $13.66 million during the quarter.

Several large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new stake in shares of PrimeEnergy Resources in the 1st quarter worth $26,000. Millennium Management LLC purchased a new position in PrimeEnergy Resources in the second quarter valued at $208,000. Wedbush Securities Inc. purchased a new position in PrimeEnergy Resources in the third quarter valued at $279,000. Cannell Capital LLC acquired a new position in PrimeEnergy Resources in the second quarter valued at $291,000. Finally, BlackRock Inc. boosted its stake in PrimeEnergy Resources by 6.7% in the first quarter. BlackRock Inc. now owns 26,528 shares of the oil and natural gas company’s stock valued at $1,389,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors and hedge funds own 3.82% of the company’s stock.

PrimeEnergy Resources Company Profile

PrimeEnergy Resources Corp. engages in the acquisition, developing and producing oil and natural gas. It owns producing and non-producing properties located primarily in Texas, and Oklahoma. The company was founded in March 1973 and is headquartered in Houston, TX.

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