Primeenergy Resources (NASDAQ:PNRG) Stock Price Crosses Above 200-Day Moving Average of $136.38

Share on StockTwits

Primeenergy Resources Corp (NASDAQ:PNRG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $136.38 and traded as high as $141.50. Primeenergy Resources shares last traded at $138.25, with a volume of 617 shares traded.

The stock has a 50-day moving average price of $145.40 and a two-hundred day moving average price of $136.46. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.58. The stock has a market cap of $280.75 million, a price-to-earnings ratio of 28.27 and a beta of 0.40.

In related news, Director Clint Hurt sold 348 shares of Primeenergy Resources stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $150.26, for a total value of $52,290.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Rothschild Robert De sold 2,822 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $144.44, for a total transaction of $407,609.68. Following the sale, the insider now directly owns 200 shares in the company, valued at approximately $28,888. The disclosure for this sale can be found here. Insiders have sold a total of 9,561 shares of company stock worth $1,428,524 over the last ninety days. 71.15% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PNRG. BlackRock Inc. raised its holdings in shares of Primeenergy Resources by 9,085.5% in the second quarter. BlackRock Inc. now owns 24,066 shares of the oil and natural gas company’s stock worth $3,204,000 after buying an additional 23,804 shares during the last quarter. Vanguard Group Inc. raised its stake in Primeenergy Resources by 204.2% in the 2nd quarter. Vanguard Group Inc. now owns 14,663 shares of the oil and natural gas company’s stock worth $1,952,000 after acquiring an additional 9,843 shares during the last quarter. Jane Street Group LLC purchased a new position in Primeenergy Resources in the 4th quarter worth $1,441,000. State Street Corp lifted its position in Primeenergy Resources by 5.6% during the 4th quarter. State Street Corp now owns 7,889 shares of the oil and natural gas company’s stock worth $1,193,000 after acquiring an additional 416 shares during the period. Finally, California Public Employees Retirement System lifted its position in Primeenergy Resources by 8.5% during the 3rd quarter. California Public Employees Retirement System now owns 4,971 shares of the oil and natural gas company’s stock worth $572,000 after acquiring an additional 391 shares during the period. Institutional investors and hedge funds own 5.22% of the company’s stock.

About Primeenergy Resources (NASDAQ:PNRG)

PrimeEnergy Resources Corporation, an independent oil and natural gas company, 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 operations, site-preparation, and construction services for oil and gas drilling and reworking operations.

Recommended Story: Stock Symbol

Receive News & Ratings for Primeenergy Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Primeenergy Resources and related companies with MarketBeat.com's FREE daily email newsletter.