Shares of PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $145.89 and traded as high as $201.20. PrimeEnergy Resources shares last traded at $201.20, with a volume of 18,679 shares changing hands.
PrimeEnergy Resources Stock Performance
The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The stock's 50 day moving average price is $185.67 and its two-hundred day moving average price is $146.45. The firm has a market capitalization of $390.44 million, a PE ratio of 9.76 and a beta of 0.56.
Institutional Trading of PrimeEnergy Resources
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFG Advisory LLC acquired a new stake in shares of PrimeEnergy Resources during the 2nd quarter worth about $532,000. Victory Capital Management Inc. acquired a new stake in PrimeEnergy Resources during the second quarter worth approximately $222,000. Farther Finance Advisors LLC acquired a new stake in PrimeEnergy Resources during the third quarter worth approximately $276,000. Dimensional Fund Advisors LP grew its stake in PrimeEnergy Resources by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,571 shares of the oil and natural gas company's stock worth $3,146,000 after acquiring an additional 1,045 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in PrimeEnergy Resources by 489.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,238 shares of the oil and natural gas company's stock valued at $171,000 after acquiring an additional 1,028 shares during the last quarter.
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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