PrimeEnergy (NASDAQ:PNRG) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• PrimeEnergy has received a "hold (C+)" rating from Weiss Ratings, maintaining the consensus rating for the stock.
• Following a downgrade, PrimeEnergy's stock is now rated "sell" by Wall Street Zen, which could indicate a bearish outlook among analysts.
• The company's recent quarterly earnings report reflected $1.33 earnings per share with a net margin of 16.54% on revenue of $41.98 million.

PrimeEnergy (NASDAQ:PNRG - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded PrimeEnergy from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, PrimeEnergy presently has a consensus rating of "Hold".

PrimeEnergy Trading Down 3.1%

Shares of PNRG stock opened at $164.47 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.60 and a current ratio of 0.60. PrimeEnergy has a fifty-two week low of $138.18 and a fifty-two week high of $243.49. The company has a market cap of $271.38 million, a PE ratio of 11.06 and a beta of 0.20. The stock's fifty day moving average price is $162.24 and its two-hundred day moving average price is $170.31.

PrimeEnergy (NASDAQ:PNRG - Get Free Report) last released its quarterly earnings data on Tuesday, August 19th. The oil and natural gas company reported $1.33 earnings per share for the quarter. PrimeEnergy had a return on equity of 17.98% and a net margin of 16.54%.The company had revenue of $41.98 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its holdings in PrimeEnergy by 18.4% during the 1st quarter. Invesco Ltd. now owns 34,084 shares of the oil and natural gas company's stock worth $7,767,000 after buying an additional 5,294 shares during the period. American Century Companies Inc. lifted its holdings in PrimeEnergy by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 16,778 shares of the oil and natural gas company's stock worth $2,456,000 after buying an additional 901 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in PrimeEnergy by 16.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 16,719 shares of the oil and natural gas company's stock worth $2,447,000 after buying an additional 2,374 shares during the period. Bridgeway Capital Management LLC lifted its holdings in PrimeEnergy by 5.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 13,750 shares of the oil and natural gas company's stock worth $2,013,000 after buying an additional 760 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in PrimeEnergy during the 2nd quarter worth about $1,894,000.

PrimeEnergy 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.

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