PrimeEnergy Resources (NASDAQ:PNRG) Share Price Passes Above 200-Day Moving Average – Time to Sell?

PrimeEnergy Resources Co. (NASDAQ:PNRG)’s share price crossed 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.

PrimeEnergy Resources Price Performance

The stock’s 50-day moving average price is $184.45 and its 200 day moving average price is $145.89. 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 firm has a market capitalization of $345.46 million, a price-to-earnings ratio of 8.65 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNRG. Allspring Global Investments Holdings LLC purchased a new stake in shares of PrimeEnergy Resources in the third quarter valued at approximately $47,000. BNP Paribas Financial Markets grew 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 buying an additional 1,028 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of PrimeEnergy Resources in the 2nd quarter worth $222,000. Farther Finance Advisors LLC acquired a new stake in shares of PrimeEnergy Resources in the 3rd quarter worth $276,000. Finally, Barclays PLC raised its holdings in shares of PrimeEnergy Resources by 31.9% during the 3rd quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company’s stock worth $362,000 after acquiring an additional 636 shares during the period.

PrimeEnergy Resources 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.