Clint Hurt Sells 5,000 Shares of PrimeEnergy (NASDAQ:PNRG) Stock

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 5,000 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $190.20, for a total value of $951,000.00. Following the transaction, the director directly owned 120,763 shares in the company, valued at $22,969,122.60. The trade was a 3.98% decrease in their ownership of the stock. The transaction 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 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 shares were sold at an average price of $190.12, for a total value of $706,295.80.

PrimeEnergy Stock Performance

PNRG stock opened at $173.34 on Friday. The company has a market cap of $282.54 million, a price-to-earnings ratio of 16.59 and a beta of -0.08. The business’s 50-day moving average is $157.83 and its two-hundred day moving average is $159.90. PrimeEnergy Corporation has a fifty-two week low of $126.40 and a fifty-two week high of $243.49.

PrimeEnergy (NASDAQ:PNRG) last released its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share (EPS) 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.

Hedge Funds Weigh In On PrimeEnergy

Several large investors have recently added to or reduced their stakes in the company. State of Wyoming increased its stake in shares of PrimeEnergy by 62.7% in the second quarter. State of Wyoming now owns 423 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 163 shares in the last quarter. Quarry LP bought a new position in PrimeEnergy in the 3rd quarter worth $38,000. Caitong International Asset Management Co. Ltd purchased a new stake in PrimeEnergy in the 3rd quarter worth $44,000. CWM LLC raised its holdings in PrimeEnergy by 673.6% during the third 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 period. Finally, Tower Research Capital LLC TRC lifted its position in shares of PrimeEnergy by 571.8% in the second quarter. Tower Research Capital LLC TRC now owns 477 shares of the oil and natural gas company’s stock valued at $70,000 after acquiring an additional 406 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PNRG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PrimeEnergy in a report on Monday, December 8th. Wall Street Zen upgraded PrimeEnergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

PrimeEnergy Company Profile

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.