PrimeEnergy Resources (NASDAQ:PNRG) Share Price Crosses Above 200 Day Moving Average of $107.57

Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $107.57 and traded as high as $134.44. PrimeEnergy Resources shares last traded at $133.02, with a volume of 2,634 shares trading hands.

PrimeEnergy Resources Stock Performance

The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $116.81 and a 200 day simple moving average of $107.57. The company has a market capitalization of $237.44 million, a price-to-earnings ratio of 9.09 and a beta of 0.55.

Insider Transactions at PrimeEnergy Resources

In other news, Director Clint Hurt sold 2,511 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $129.18, for a total transaction of $324,370.98. Following the completion of the transaction, the director now directly owns 140,763 shares in the company, valued at $18,183,764.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Rothschild Robert De sold 1,708 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $130.27, for a total transaction of $222,501.16. Following the completion of the transaction, the insider now directly owns 275,060 shares in the company, valued at $35,832,066.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Hurt sold 2,511 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $129.18, for a total value of $324,370.98. Following the transaction, the director now owns 140,763 shares of the company's stock, valued at $18,183,764.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,465 shares of company stock worth $817,656. Company insiders own 61.07% of the company's stock.

Institutional Investors Weigh In On PrimeEnergy Resources

Institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in PrimeEnergy Resources in the second quarter worth approximately $222,000. New York State Common Retirement Fund lifted its position in PrimeEnergy Resources by 10.5% in the fourth quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company's stock worth $447,000 after purchasing an additional 400 shares during the period. IFG Advisory LLC acquired a new stake in PrimeEnergy Resources in the second quarter worth approximately $532,000. Janney Montgomery Scott LLC lifted its position in PrimeEnergy Resources by 17.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,093 shares of the oil and natural gas company's stock worth $754,000 after purchasing an additional 1,033 shares during the period. Finally, Vanguard Group Inc. lifted its position in PrimeEnergy Resources by 1.2% in the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company's stock worth $3,102,000 after purchasing an additional 366 shares during the period.

PrimeEnergy Resources 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.