PrimeEnergy (NASDAQ:PNRG) Director Clint Hurt Sells 1,064 Shares

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 1,064 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $190.02, for a total value of $202,181.28. Following the completion of the transaction, the director directly owned 114,699 shares of the company’s stock, valued at approximately $21,795,103.98. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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 transaction of $706,295.80.
• On Tuesday, December 9th, Clint Hurt sold 5,000 shares of PrimeEnergy stock. The stock was sold at an average price of $190.20, for a total transaction of $951,000.00.

PrimeEnergy Price Performance

PNRG opened at $192.97 on Tuesday. PrimeEnergy Corporation has a fifty-two week low of $126.40 and a fifty-two week high of $238.20. The company’s 50 day moving average price is $177.72 and its two-hundred day moving average price is $164.91. The firm has a market capitalization of $314.54 million, a price-to-earnings ratio of 18.47 and a beta of -0.03.

PrimeEnergy (NASDAQ:PNRG) last issued its quarterly earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 EPS for the quarter. PrimeEnergy had a net margin of 12.69% and a return on equity of 12.19%. The company had revenue of $44.66 million for the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PNRG shares. Wall Street Zen upgraded PrimeEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “hold (c)” rating on shares of PrimeEnergy in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On PrimeEnergy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of PrimeEnergy during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd acquired a new stake in PrimeEnergy in the third quarter worth $44,000. Flagship Harbor Advisors LLC acquired a new stake in PrimeEnergy in the fourth quarter worth $52,000. State of Wyoming increased its stake in PrimeEnergy by 62.7% in the second quarter. State of Wyoming now owns 423 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 163 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of 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 purchasing an additional 357 shares during the period.

About PrimeEnergy

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.