PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) major shareholder Rothschild Robert De sold 13,274 shares of the business's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $231.60, for a total value of $3,074,258.40. Following the sale, the insider owned 187,483 shares in the company, valued at approximately $43,421,062.80. This trade represents a 6.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Rothschild Robert De also recently made the following trade(s):
- On Thursday, February 5th, Rothschild Robert De sold 1,149 shares of PrimeEnergy stock. The stock was sold at an average price of $186.75, for a total value of $214,575.75.
- On Friday, January 30th, Rothschild Robert De sold 10,000 shares of PrimeEnergy stock. The stock was sold at an average price of $181.81, for a total value of $1,818,100.00.
- On Thursday, January 29th, Rothschild Robert De sold 10,151 shares of PrimeEnergy stock. The stock was sold at an average price of $186.19, for a total value of $1,890,014.69.
PrimeEnergy Trading Up 1.2%
NASDAQ:PNRG opened at $214.04 on Thursday. The stock has a market cap of $346.32 million, a P/E ratio of 19.71 and a beta of -0.18. The stock's 50-day moving average is $213.11 and its 200-day moving average is $183.16. PrimeEnergy Corporation has a 1-year low of $126.40 and a 1-year high of $249.50.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The oil and natural gas company reported $1.43 earnings per share for the quarter. The company had revenue of $50.06 million for the quarter. PrimeEnergy had a return on equity of 12.53% and a net margin of 13.92%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of PrimeEnergy in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, PrimeEnergy currently has a consensus rating of "Hold".
Check Out Our Latest Research Report on PNRG
Hedge Funds Weigh In On PrimeEnergy
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming lifted its stake in shares of PrimeEnergy by 78.7% in the fourth quarter. State of Wyoming now owns 168 shares of the oil and natural gas company's stock worth $29,000 after acquiring an additional 74 shares during the period. Quarry LP acquired a new position in shares of PrimeEnergy in the third quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of PrimeEnergy in the third quarter worth approximately $44,000. Flagship Harbor Advisors LLC acquired a new position in shares of PrimeEnergy in the fourth quarter worth approximately $52,000. Finally, CWM LLC lifted its stake in shares of PrimeEnergy by 673.6% in the third quarter. CWM LLC now owns 410 shares of the oil and natural gas company's stock worth $68,000 after acquiring an additional 357 shares during the period.
PrimeEnergy Company Profile
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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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