Key Points
- Director Clint Hurt sold shares: Hurt sold 1,285 shares on Dec. 11 at an average price of $190.07 for $244,239.95 and also sold 3,715 shares on Dec. 10 and 5,000 shares on Dec. 9, totaling roughly $1.90 million in insider sales over three days.
- He still retains a large stake: After the Dec. 11 sale Hurt owned 115,763 shares valued at about $22.0 million, with the single Dec. 11 trade reducing his ownership by 1.10%.
- Company and analyst snapshot: PrimeEnergy (NASDAQ:PNRG) has a market cap of about $282.5 million, a P/E of 16.59, a 12‑month range of $126.40–$243.49, and a consensus analyst rating of Hold.
PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 1,285 shares of the company's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $190.07, for a total value of $244,239.95. Following the transaction, the director owned 115,763 shares in the company, valued at $22,003,073.41. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Clint Hurt also recently made the following trade(s):
- On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The shares were sold at an average price of $190.12, for a total value of $706,295.80.
- On Tuesday, December 9th, Clint Hurt sold 5,000 shares of PrimeEnergy stock. The shares were sold at an average price of $190.20, for a total value of $951,000.00.
PrimeEnergy Price Performance
Shares of PrimeEnergy stock opened at $173.34 on Friday. The stock has a market capitalization of $282.54 million, a price-to-earnings ratio of 16.59 and a beta of -0.08. The business has a 50-day moving average of $157.83 and a 200 day moving average of $160.15. PrimeEnergy Corporation has a 12 month low of $126.40 and a 12 month high of $243.49.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share (EPS) for the quarter. The company had revenue of $44.66 million for the quarter. PrimeEnergy had a net margin of 12.69% and a return on equity of 12.19%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Wall Street Zen raised shares of PrimeEnergy from a "sell" rating to a "hold" rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of PrimeEnergy in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Report on PrimeEnergy
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of PrimeEnergy in the 3rd quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of PrimeEnergy during the third quarter worth $44,000. State of Wyoming increased its holdings in PrimeEnergy by 62.7% in the second quarter. State of Wyoming now owns 423 shares of the oil and natural gas company's stock valued at $62,000 after buying an additional 163 shares during the last quarter. CWM LLC increased its holdings in PrimeEnergy by 673.6% in the third quarter. CWM LLC now owns 410 shares of the oil and natural gas company's stock valued at $68,000 after buying an additional 357 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in PrimeEnergy by 571.8% in the second quarter. Tower Research Capital LLC TRC now owns 477 shares of the oil and natural gas company's stock valued at $70,000 after buying an additional 406 shares in the last quarter.
PrimeEnergy Company Profile
(
Get Free Report)
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.
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