PrimeEnergy Resources (NASDAQ:PNRG) Stock Passes Above 200-Day Moving Average of $102.58

PrimeEnergy Resources Co. (NASDAQ:PNRG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $102.58 and traded as high as $111.62. PrimeEnergy Resources shares last traded at $111.62, with a volume of 434 shares changing hands.

PrimeEnergy Resources Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $198.68 million, a P/E ratio of 7.62 and a beta of 0.55. The business has a 50 day simple moving average of $106.41 and a 200-day simple moving average of $102.58.

PrimeEnergy Resources (NASDAQ:PNRG) last posted its quarterly earnings results on Friday, May 17th. The oil and natural gas company reported $4.41 EPS for the quarter. The firm had revenue of $42.99 million during the quarter. PrimeEnergy Resources had a return on equity of 24.03% and a net margin of 26.50%.

Insider Buying and Selling at PrimeEnergy Resources

In other PrimeEnergy Resources news, major shareholder Rothschild Robert De sold 17,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $97.50, for a total value of $1,735,500.00. Following the completion of the transaction, the insider now owns 277,968 shares of the company’s stock, valued at approximately $27,101,880. The transaction was disclosed in a filing with the SEC, which is available through this link. In other PrimeEnergy Resources news, Director Clint Hurt sold 874 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $100.00, for a total transaction of $87,400.00. Following the completion of the sale, the director now directly owns 145,763 shares in the company, valued at $14,576,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Rothschild Robert De sold 17,800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $97.50, for a total value of $1,735,500.00. Following the transaction, the insider now owns 277,968 shares in the company, valued at $27,101,880. The disclosure for this sale can be found here. Insiders have sold a total of 23,610 shares of company stock valued at $2,316,769 in the last 90 days. Corporate insiders own 61.07% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in PrimeEnergy Resources by 1.2% during the first quarter. Vanguard Group Inc. now owns 30,941 shares of the oil and natural gas company’s stock worth $3,102,000 after acquiring an additional 366 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of PrimeEnergy Resources by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,701 shares of the oil and natural gas company’s stock worth $772,000 after buying an additional 608 shares during the last quarter. New York State Common Retirement Fund increased its position in PrimeEnergy Resources by 10.5% during the 4th quarter. New York State Common Retirement Fund now owns 4,206 shares of the oil and natural gas company’s stock valued at $447,000 after buying an additional 400 shares in the last quarter. Strs Ohio raised its stake in PrimeEnergy Resources by 5.9% during the fourth quarter. Strs Ohio now owns 3,600 shares of the oil and natural gas company’s stock valued at $382,000 after buying an additional 200 shares during the last quarter. Finally, Lauer Wealth LLC bought a new stake in PrimeEnergy Resources in the fourth quarter worth $300,000.

About PrimeEnergy Resources

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.