PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $107.57 and traded as high as $134.44. PrimeEnergy Resources shares last traded at $133.02, with a volume of 2,634 shares.
PrimeEnergy Resources Trading Down 0.4 %
The company has a debt-to-equity ratio of 0.02, a current ratio of 0.36 and a quick ratio of 0.36. The business’s 50 day simple moving average is $116.81 and its 200 day simple moving average is $107.57. The stock has a market cap of $237.44 million, a P/E ratio of 9.09 and a beta of 0.55.
Insider Transactions at PrimeEnergy Resources
In related news, Director Clint Hurt sold 2,217 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $120.57, for a total value of $267,303.69. Following the sale, the director now owns 143,546 shares of the company’s stock, valued at approximately $17,307,341.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Rothschild Robert De sold 1,708 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $130.27, for a total transaction of $222,501.16. Following the transaction, the insider now directly owns 275,060 shares in the company, valued at $35,832,066.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clint Hurt sold 2,217 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $120.57, for a total value of $267,303.69. Following the completion of the transaction, the director now owns 143,546 shares in the company, valued at $17,307,341.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,465 shares of company stock valued at $817,656. Corporate insiders own 61.07% of the company’s stock.
Institutional Trading of PrimeEnergy Resources
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.
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