PrimeEnergy Corporation (NASDAQ:PNRG – Get Free Report) Director Clint Hurt sold 1,993 shares of PrimeEnergy stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $208.09, for a total value of $414,723.37. Following the completion of the transaction, the director owned 89,744 shares of the company’s stock, valued at approximately $18,674,828.96. The trade was a 2.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Clint Hurt also recently made the following trade(s):
- On Tuesday, August 25th, Clint Hurt sold 8,007 shares of PrimeEnergy stock. The shares were sold at an average price of $201.29, for a total value of $1,611,729.03.
PrimeEnergy Price Performance
Shares of PNRG stock traded up $1.68 on Wednesday, hitting $208.79. 122,236 shares of the stock traded hands, compared to its average volume of 65,309. The company’s fifty day moving average is $186.60 and its 200 day moving average is $202.92. PrimeEnergy Corporation has a 1-year low of $126.40 and a 1-year high of $278.90. The company has a market capitalization of $330.51 million, a PE ratio of 20.11 and a beta of -0.27.
Wall Street Analyst Weigh In
PNRG has been the topic of several research reports. Wall Street Zen lowered shares of PrimeEnergy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. Freedom Capital upgraded PrimeEnergy from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PrimeEnergy in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on PNRG
Hedge Funds Weigh In On PrimeEnergy
Institutional investors have recently modified their holdings of the company. State of Wyoming increased its holdings in shares of PrimeEnergy by 78.7% in the 4th quarter. State of Wyoming now owns 168 shares of the oil and natural gas company’s stock worth $29,000 after acquiring an additional 74 shares during the period. Quarry LP acquired a new position in PrimeEnergy during the 3rd quarter valued at about $38,000. Caitong International Asset Management Co. Ltd bought a new position in PrimeEnergy in the 3rd quarter worth about $44,000. Tower Research Capital LLC TRC increased its stake in shares of PrimeEnergy by 571.8% in the second quarter. Tower Research Capital LLC TRC now owns 477 shares of the oil and natural gas company’s stock valued at $70,000 after purchasing an additional 406 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of PrimeEnergy by 74.8% in the fourth quarter. Wells Fargo & Company MN now owns 479 shares of the oil and natural gas company’s stock valued at $82,000 after purchasing an additional 205 shares during the period.
PrimeEnergy 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. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support, site-preparation, and construction services for oil and gas drilling and reworking operations.
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