Key Points
- Major shareholder Rothschild Robert De sold 8,700 PrimeEnergy (PNRG) shares on Jan. 13 at an average of $182.85 for a total of $1,590,795, reducing his stake by 3.77% to 222,057 shares (SEC Form 4 filed).
- PNRG stock traded down about 3.8% (opened $171.30) and has a market cap of $279.2M, a P/E of 16.39, a one‑year range of $126.40–$239.87, and reported last quarter EPS of $4.38 on $44.66M revenue.
- Analyst coverage shows a consensus Hold rating after Weiss reissued a hold and Wall Street Zen upgraded the stock from sell to hold.
PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 8,700 shares of the company's stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $182.85, for a total value of $1,590,795.00. Following the completion of the sale, the insider owned 222,057 shares of the company's stock, valued at $40,603,122.45. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
PrimeEnergy Trading Down 3.8%
Shares of PNRG opened at $171.30 on Friday. The stock has a market cap of $279.22 million, a P/E ratio of 16.39 and a beta of 0.01. PrimeEnergy Corporation has a 1 year low of $126.40 and a 1 year high of $239.87. The stock's 50-day moving average price is $168.97 and its two-hundred day moving average price is $162.45.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 EPS for the quarter. PrimeEnergy had a return on equity of 12.19% and a net margin of 12.69%.The company had revenue of $44.66 million during the quarter.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of PrimeEnergy in a report on Monday, December 29th. Wall Street Zen raised PrimeEnergy from a "sell" rating to a "hold" rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".
View Our Latest Research Report on PNRG
Institutional Investors Weigh In On PrimeEnergy
Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in PrimeEnergy in the 3rd quarter worth $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of PrimeEnergy in the third quarter valued at about $44,000. State of Wyoming lifted its holdings in shares of 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 purchasing an additional 163 shares in the last quarter. CWM LLC boosted its position in shares of PrimeEnergy by 673.6% during the third quarter. CWM LLC now owns 410 shares of the oil and natural gas company's stock worth $68,000 after buying an additional 357 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of PrimeEnergy by 571.8% during the second quarter. Tower Research Capital LLC TRC now owns 477 shares of the oil and natural gas company's stock worth $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. 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.
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