Freedom Capital Downgrades PrimeEnergy (NASDAQ:PNRG) to Strong Sell

Posted by Brenda Bartman on May 30th, 2026

PrimeEnergy (NASDAQ:PNRG – Get Free Report) was downgraded by stock analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the company. Wall Street Zen raised PrimeEnergy from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of PrimeEnergy in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Read Our Latest Stock Report on PNRG

PrimeEnergy Price Performance

Shares of PNRG opened at $164.62 on Thursday. The firm has a market cap of $266.36 million, a P/E ratio of 18.37 and a beta of -0.15. The stock has a 50 day simple moving average of $228.85 and a two-hundred day simple moving average of $196.17. PrimeEnergy has a 1 year low of $126.40 and a 1 year high of $278.90.

PrimeEnergy (NASDAQ:PNRG – Get Free Report) last issued its earnings results on Thursday, April 16th. The oil and natural gas company reported $1.43 earnings per share (EPS) for the quarter. The business had revenue of $50.06 million during the quarter. PrimeEnergy had a return on equity of 10.10% and a net margin of 12.06%.

Insider Buying and Selling

In related news, Director Clint Hurt sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $230.92, for a total transaction of $2,309,200.00. Following the completion of the transaction, the director owned 93,737 shares in the company, valued at $21,645,748.04. This represents a 9.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Rothschild Robert De sold 13,274 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $231.60, for a total value of $3,074,258.40. Following the transaction, the insider owned 187,483 shares of the company’s stock, valued at approximately $43,421,062.80. This represents a 6.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 25,274 shares of company stock valued at $5,824,338. 65.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PrimeEnergy

A number of hedge funds and other institutional investors have recently made changes to their positions in PNRG. AQR Capital Management LLC raised its holdings in shares of PrimeEnergy by 286.2% during the first quarter. AQR Capital Management LLC now owns 6,897 shares of the oil and natural gas company’s stock valued at $1,572,000 after acquiring an additional 5,111 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of PrimeEnergy by 6.7% during the first quarter. Empowered Funds LLC now owns 8,649 shares of the oil and natural gas company’s stock valued at $1,971,000 after acquiring an additional 541 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of PrimeEnergy by 99.3% during the second quarter. Rhumbline Advisers now owns 1,373 shares of the oil and natural gas company’s stock valued at $201,000 after acquiring an additional 684 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of PrimeEnergy by 16.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 16,719 shares of the oil and natural gas company’s stock valued at $2,447,000 after acquiring an additional 2,374 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of PrimeEnergy during the second quarter valued at approximately $1,894,000.

About PrimeEnergy

(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. 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.