Key Points
- Director Clint Hurt sold 8,936 shares on Feb. 6 at an average price of $191.58, generating $1,711,958.88 and reducing his direct holding to 105,763 shares (a 7.79% decrease).
- Hurt has been selling repeatedly, disposing of a total of 20,000 shares across Dec. 9–11 and Feb. 5–6 for roughly $3.82 million in combined proceeds, signaling a pattern of insider selling.
- PNRG trades near $192.97 (50‑day MA $177.72, 200‑day MA $164.91) with a market cap of about $314.5M; analysts have a consensus "Hold" rating and the company reported quarterly EPS of $4.38.
PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 1,064 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $190.02, for a total value of $202,181.28. Following the transaction, the director directly owned 114,699 shares in the company, valued at approximately $21,795,103.98. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Clint Hurt also recently made the following trade(s):
- On Friday, February 6th, Clint Hurt sold 8,936 shares of PrimeEnergy stock. The shares were sold at an average price of $191.58, for a total value of $1,711,958.88.
- On Thursday, December 11th, Clint Hurt sold 1,285 shares of PrimeEnergy stock. The stock was sold at an average price of $190.07, for a total value of $244,239.95.
- On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The stock was 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 transaction of $951,000.00.
PrimeEnergy Trading Down 0.0%
PNRG opened at $192.97 on Tuesday. The company's fifty day moving average price is $177.72 and its two-hundred day moving average price is $164.91. PrimeEnergy Corporation has a 1-year low of $126.40 and a 1-year high of $238.20. The company has a market cap of $314.54 million, a price-to-earnings ratio of 18.47 and a beta of -0.03.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share (EPS) for the quarter. PrimeEnergy had a net margin of 12.69% and a return on equity of 12.19%. The firm had revenue of $44.66 million during the quarter.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PNRG. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PrimeEnergy in a research report 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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Get Our Latest Stock Report on PrimeEnergy
Institutional Investors Weigh In On PrimeEnergy
Several large investors have recently made changes to their positions in PNRG. Aviva PLC purchased a new position in shares of PrimeEnergy in the 2nd quarter worth about $281,000. Marex Group plc bought a new position in PrimeEnergy during the second quarter valued at about $1,317,000. Wittenberg Investment Management Inc. purchased a new stake in PrimeEnergy during the second quarter worth about $439,000. Magnetar Financial LLC purchased a new stake in PrimeEnergy during the second quarter worth about $298,000. Finally, Quantbot Technologies LP raised its position in PrimeEnergy by 51,768.8% in the second quarter. Quantbot Technologies LP now owns 8,299 shares of the oil and natural gas company's stock worth $1,215,000 after acquiring an additional 8,283 shares during the period.
About PrimeEnergy
(
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.
Further Reading
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