PrimeEnergy Resources Co. (NASDAQ:PNRG – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $97.73 and traded as high as $108.34. PrimeEnergy Resources shares last traded at $108.34, with a volume of 596 shares changing hands.
PrimeEnergy Resources Stock Up 0.4 %
The firm has a market capitalization of $198.32 million, a price-to-earnings ratio of 7.55 and a beta of 0.73. The business’s fifty day moving average is $108.16 and its 200 day moving average is $97.80.
PrimeEnergy Resources (NASDAQ:PNRG – Get Free Report) last released its quarterly earnings results on Monday, August 14th. The oil and natural gas company reported $3.82 earnings per share (EPS) for the quarter. The firm had revenue of $29.61 million for the quarter. PrimeEnergy Resources had a return on equity of 27.40% and a net margin of 32.95%.
Insider Buying and Selling at PrimeEnergy Resources
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PNRG. Dimensional Fund Advisors LP grew its holdings in PrimeEnergy Resources by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 28,356 shares of the oil and natural gas company’s stock worth $2,610,000 after purchasing an additional 3,943 shares during the period. BlackRock Inc. boosted its stake in shares of PrimeEnergy Resources by 1,114.8% during the 2nd quarter. BlackRock Inc. now owns 24,539 shares of the oil and natural gas company’s stock worth $2,258,000 after acquiring an additional 22,519 shares during the period. Geode Capital Management LLC increased its holdings in shares of PrimeEnergy Resources by 126.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,847 shares of the oil and natural gas company’s stock worth $1,182,000 after acquiring an additional 7,175 shares during the last quarter. Northern Trust Corp raised its stake in PrimeEnergy Resources by 89.5% in the 2nd quarter. Northern Trust Corp now owns 10,136 shares of the oil and natural gas company’s stock valued at $933,000 after acquiring an additional 4,787 shares during the period. Finally, State Street Corp acquired a new stake in PrimeEnergy Resources during the 2nd quarter valued at $626,000. Institutional investors own 9.82% of the company’s stock.
PrimeEnergy Resources Company Profile
PrimeEnergy Resources Corporation, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. 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.
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