PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 6,700 shares, a decline of 24.7% from the November 30th total of 8,900 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 1.0 days.
PrimeEnergy Resources Price Performance
Shares of PrimeEnergy Resources stock traded down $10.58 during trading on Friday, reaching $216.42. 15,043 shares of the company's stock were exchanged, compared to its average volume of 4,081. The firm's 50-day moving average price is $186.72 and its 200 day moving average price is $147.47. The company has a market cap of $371.59 million, a P/E ratio of 9.30 and a beta of 0.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.54 and a current ratio of 0.54. PrimeEnergy Resources has a 1-year low of $92.40 and a 1-year high of $232.30.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. IFG Advisory LLC bought a new position in shares of PrimeEnergy Resources in the 2nd quarter valued at $532,000. Victory Capital Management Inc. acquired a new position in PrimeEnergy Resources in the 2nd quarter worth about $222,000. Dimensional Fund Advisors LP raised its position in PrimeEnergy Resources by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company's stock valued at $3,146,000 after purchasing an additional 1,045 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of PrimeEnergy Resources during the third quarter valued at about $47,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of PrimeEnergy Resources during the third quarter worth about $276,000.
About PrimeEnergy Resources
(
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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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