PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 10,000 shares of PrimeEnergy stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $230.92, for a total value of $2,309,200.00. Following the completion of the sale, the director owned 93,737 shares of the company's stock, valued at approximately $21,645,748.04. The trade was a 9.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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 transaction of $1,711,958.88.
- On Thursday, February 5th, Clint Hurt sold 1,064 shares of PrimeEnergy stock. The stock was sold at an average price of $190.02, for a total transaction of $202,181.28.
PrimeEnergy Price Performance
Shares of NASDAQ PNRG opened at $219.21 on Tuesday. PrimeEnergy Corporation has a fifty-two week low of $126.40 and a fifty-two week high of $249.50. The firm has a market capitalization of $355.12 million, a P/E ratio of 20.19 and a beta of -0.18. The company's 50 day simple moving average is $211.43 and its 200 day simple moving average is $182.51.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last issued its earnings results on Thursday, April 16th. The oil and natural gas company reported $1.43 EPS for the quarter. PrimeEnergy had a net margin of 13.92% and a return on equity of 12.53%. The company had revenue of $50.06 million during the quarter.
Institutional Investors Weigh In On PrimeEnergy
Several institutional investors have recently bought and sold shares of PNRG. BNP Paribas Financial Markets boosted its position in PrimeEnergy by 690.7% during the 4th quarter. BNP Paribas Financial Markets now owns 36,546 shares of the oil and natural gas company's stock worth $6,249,000 after acquiring an additional 31,924 shares during the last quarter. Millennium Management LLC grew its stake in shares of PrimeEnergy by 143.1% during the 3rd quarter. Millennium Management LLC now owns 52,180 shares of the oil and natural gas company's stock worth $8,716,000 after acquiring an additional 30,718 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of PrimeEnergy by 6,756.6% in the third quarter. JPMorgan Chase & Co. now owns 17,210 shares of the oil and natural gas company's stock worth $2,875,000 after purchasing an additional 16,959 shares in the last quarter. Invesco Ltd. lifted its position in shares of PrimeEnergy by 537.6% in the fourth quarter. Invesco Ltd. now owns 19,950 shares of the oil and natural gas company's stock worth $3,411,000 after purchasing an additional 16,821 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of PrimeEnergy in the second quarter worth $1,894,000.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PrimeEnergy in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".
View Our Latest Research Report on PrimeEnergy
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.
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