Key Points
- Rothschild Robert De, a major shareholder, sold 10,000 PrimeEnergy (PNRG) shares on Jan. 30 at an average price of $181.81 for $1,818,100 — part of recent sales (also 10,151 on Jan. 29 and 8,700 on Jan. 13) that cut his stake by 4.72% to 201,906 shares; the transactions were disclosed in an SEC Form 4.
- PrimeEnergy stock dropped about 4.3% (opened at $175.20), the company has a market cap of ~$285.6M and a P/E of 16.77, and analysts’ consensus rating is currently a Hold.
PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 10,000 shares of the company's stock in a transaction on Friday, January 30th. The stock was sold at an average price of $181.81, for a total transaction of $1,818,100.00. Following the completion of the transaction, the insider directly owned 201,906 shares of the company's stock, valued at $36,708,529.86. This represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Rothschild Robert De also recently made the following trade(s):
- On Thursday, January 29th, Rothschild Robert De sold 10,151 shares of PrimeEnergy stock. The shares were sold at an average price of $186.19, for a total value of $1,890,014.69.
- On Tuesday, January 13th, Rothschild Robert De sold 8,700 shares of PrimeEnergy stock. The shares were sold at an average price of $182.85, for a total value of $1,590,795.00.
PrimeEnergy Stock Down 4.3%
NASDAQ PNRG opened at $175.20 on Tuesday. The business has a 50-day moving average price of $176.31 and a 200-day moving average price of $164.11. The firm has a market cap of $285.58 million, a price-to-earnings ratio of 16.77 and a beta of -0.03. PrimeEnergy Corporation has a twelve month low of $126.40 and a twelve month high of $238.20.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last posted its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share for the quarter. PrimeEnergy had a return on equity of 12.19% and a net margin of 12.69%.The business had revenue of $44.66 million during the quarter.
Institutional Investors Weigh In On PrimeEnergy
Large investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in PrimeEnergy during the third quarter valued at $38,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of PrimeEnergy in the 3rd quarter worth about $44,000. Flagship Harbor Advisors LLC bought a new stake in shares of PrimeEnergy in the 4th quarter worth about $52,000. State of Wyoming raised its position in shares of PrimeEnergy by 62.7% during the 2nd 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 in the last quarter. Finally, CWM LLC lifted its holdings in shares of PrimeEnergy by 673.6% in the 3rd quarter. CWM LLC now owns 410 shares of the oil and natural gas company's stock valued at $68,000 after acquiring an additional 357 shares during the last quarter.
Analyst Ratings Changes
Several equities analysts recently weighed in on PNRG shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PrimeEnergy in a research note on Monday, December 29th. Wall Street Zen raised shares of PrimeEnergy from a "sell" rating to a "hold" rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, PrimeEnergy has an average rating of "Hold".
Get Our Latest Report on PNRG
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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