PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $123.42 and traded as high as $164.05. PrimeEnergy Resources shares last traded at $163.00, with a volume of 2,910 shares.
PrimeEnergy Resources Price Performance
The stock's 50 day simple moving average is $148.09 and its two-hundred day simple moving average is $123.87. The firm has a market cap of $299.35 million, a P/E ratio of 8.92 and a beta of 0.50.
PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The oil and natural gas company reported $7.77 earnings per share (EPS) for the quarter. The company had revenue of $64.83 million for the quarter. PrimeEnergy Resources had a net margin of 26.67% and a return on equity of 28.34%.
Insider Transactions at PrimeEnergy Resources
In related news, major shareholder Rothschild Robert De sold 2,716 shares of PrimeEnergy Resources stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $132.93, for a total value of $361,037.88. Following the completion of the sale, the insider now directly owns 266,768 shares in the company, valued at approximately $35,461,470.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,674 shares of company stock worth $1,275,641 over the last quarter. 61.07% of the stock is currently owned by insiders.
Institutional Investors Weigh In On PrimeEnergy Resources
Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of PrimeEnergy Resources in the 3rd quarter worth $47,000. Farther Finance Advisors LLC bought a new stake in shares of PrimeEnergy Resources during the 3rd quarter valued at about $276,000. Victory Capital Management Inc. purchased a new stake in shares of PrimeEnergy Resources during the 2nd quarter valued at about $222,000. IFG Advisory LLC bought a new position in shares of PrimeEnergy Resources in the 2nd quarter worth approximately $532,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of PrimeEnergy Resources by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company's stock worth $772,000 after purchasing an additional 608 shares during the period.
PrimeEnergy Resources 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.
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