PrimeEnergy (NASDAQ:PNRG) Director Sells $202,181.28 in Stock

PrimeEnergy Corporation (NASDAQ:PNRG) Director Clint Hurt sold 1,064 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $190.02, for a total value of $202,181.28. Following the completion of the sale, the director directly owned 114,699 shares of the company’s stock, valued at approximately $21,795,103.98. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Clint Hurt also recently made the following trade(s):

• On Friday, February 6th, Clint Hurt sold 8,936 shares of PrimeEnergy stock. The stock was sold at an average price of $191.58, for a total value of $1,711,958.88.
• On Thursday, December 11th, Clint Hurt sold 1,285 shares of PrimeEnergy stock. The stock was sold at an average price of $190.07, for a total value of $244,239.95.
• On Wednesday, December 10th, Clint Hurt sold 3,715 shares of PrimeEnergy stock. The stock was sold at an average price of $190.12, for a total value of $706,295.80.
• On Tuesday, December 9th, Clint Hurt sold 5,000 shares of PrimeEnergy stock. The shares were sold at an average price of $190.20, for a total transaction of $951,000.00.

PrimeEnergy Trading Up 4.0%

PrimeEnergy stock opened at $197.20 on Thursday. The company has a 50-day moving average price of $178.09 and a 200 day moving average price of $165.22. PrimeEnergy Corporation has a 12-month low of $126.40 and a 12-month high of $238.20. The stock has a market cap of $321.44 million, a P/E ratio of 18.87 and a beta of -0.03.

PrimeEnergy (NASDAQ:PNRG) last posted its earnings results on Wednesday, November 19th. The oil and natural gas company reported $4.38 earnings per share for the quarter. The company had revenue of $44.66 million for the quarter. PrimeEnergy had a net margin of 12.69% and a return on equity of 12.19%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen upgraded PrimeEnergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of PrimeEnergy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position 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 worth $1,572,000 after buying an additional 5,111 shares during the period. Empowered Funds LLC raised its holdings in shares of PrimeEnergy by 6.7% in the 1st quarter. Empowered Funds LLC now owns 8,649 shares of the oil and natural gas company’s stock valued at $1,971,000 after buying an additional 541 shares during the period. Aviva PLC acquired a new position in PrimeEnergy during the 2nd quarter worth about $281,000. Wittenberg Investment Management Inc. purchased a new position in PrimeEnergy during the 2nd quarter valued at about $439,000. Finally, Magnetar Financial LLC purchased a new position in PrimeEnergy during the 2nd quarter valued at about $298,000.

About PrimeEnergy

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.