PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) issued its quarterly earnings results on Tuesday. The oil and natural gas company reported $1.02 earnings per share for the quarter, Zacks reports. The company had revenue of $60.53 million during the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.
PrimeEnergy Resources Price Performance
NASDAQ:PNRG traded down $6.25 during trading hours on Friday, reaching $166.00. 11,096 shares of the company's stock were exchanged, compared to its average volume of 9,086. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $285.02 million, a P/E ratio of 7.14 and a beta of 0.04. PrimeEnergy Resources has a 12 month low of $98.55 and a 12 month high of $243.49. The business's 50-day simple moving average is $199.08 and its two-hundred day simple moving average is $194.45.
Insider Buying and Selling at PrimeEnergy Resources
In related news, major shareholder Rothschild Robert De bought 1,017 shares of PrimeEnergy Resources stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $195.29 per share, with a total value of $198,609.93. Following the completion of the acquisition, the insider now directly owns 236,913 shares in the company, valued at approximately $46,266,739.77. This trade represents a 0.43 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Clint Hurt sold 4,894 shares of PrimeEnergy Resources stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total value of $1,053,286.68. Following the completion of the transaction, the director now directly owns 126,680 shares in the company, valued at $27,264,069.60. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,991 shares of company stock valued at $3,759,402. Corporate insiders own 61.07% of the company's stock.
About PrimeEnergy Resources
(
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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