Key Points
- Director Clint Hurt sold 2,000 shares of PrimeEnergy (PNRG) on May 1 at an average price of $220.44 for $440,880, cutting his position by 2.13% to 91,737 shares (≈$20.22M); he also sold 10,000 shares on April 24 and 8,936 shares on Feb. 6 in recent transactions.
- Stock and analyst context: PNRG opened at $228.64 (trading up ~5.6%), with a 12‑month range of $126.40–$249.50 and a $370.4M market cap; institutional stakes have risen and Wall Street Zen upgraded the stock to a "buy," though the consensus rating remains "Hold."
PrimeEnergy Corporation (NASDAQ:PNRG - Get Free Report) Director Clint Hurt sold 2,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $220.44, for a total value of $440,880.00. Following the sale, the director owned 91,737 shares in the company, valued at approximately $20,222,504.28. The trade was a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Clint Hurt also recently made the following trade(s):
- On Friday, April 24th, Clint Hurt sold 10,000 shares of PrimeEnergy stock. The stock was sold at an average price of $230.92, for a total transaction of $2,309,200.00.
- On Friday, February 6th, Clint Hurt sold 8,936 shares of PrimeEnergy stock. The stock was 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 Trading Up 5.6%
PNRG opened at $228.64 on Tuesday. PrimeEnergy Corporation has a 12-month low of $126.40 and a 12-month high of $249.50. The firm has a market capitalization of $370.40 million, a PE ratio of 21.05 and a beta of -0.15. The firm has a 50 day moving average of $213.90 and a two-hundred day moving average of $183.75.
PrimeEnergy (NASDAQ:PNRG - Get Free Report) last posted its quarterly earnings results on Thursday, April 16th. The oil and natural gas company reported $1.43 earnings per share (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 Trading of PrimeEnergy
A number of hedge funds have recently added to or reduced their stakes in PNRG. BNP Paribas Financial Markets boosted its holdings in PrimeEnergy by 690.7% during the fourth quarter. BNP Paribas Financial Markets now owns 36,546 shares of the oil and natural gas company's stock worth $6,249,000 after buying an additional 31,924 shares in the last quarter. Millennium Management LLC boosted its holdings in PrimeEnergy by 143.1% during the third quarter. Millennium Management LLC now owns 52,180 shares of the oil and natural gas company's stock worth $8,716,000 after buying an additional 30,718 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in PrimeEnergy by 6,756.6% during 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 buying an additional 16,959 shares in the last quarter. Invesco Ltd. boosted its holdings in PrimeEnergy by 537.6% during the fourth quarter. Invesco Ltd. now owns 19,950 shares of the oil and natural gas company's stock worth $3,411,000 after buying an additional 16,821 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in PrimeEnergy during the second quarter worth $1,894,000.
Analysts Set New Price Targets
PNRG has been the subject of several analyst reports. Wall Street Zen raised PrimeEnergy from a "hold" rating to a "buy" rating in a report on Saturday. Weiss Ratings reissued a "hold (c)" rating on shares of PrimeEnergy in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
Read Our Latest Stock Analysis on PrimeEnergy
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.
Further Reading
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