PrimeEnergy Resources Co. (NASDAQ:PNRG) Short Interest Update

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 23,500 shares, a growth of 24.3% from the March 15th total of 18,900 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 17,900 shares, the short-interest ratio is currently 1.3 days.

Insider Buying and Selling

In other news, major shareholder Rothschild Robert De bought 1,017 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $195.29 per share, with a total value of $198,609.93. Following the transaction, the insider now directly owns 236,913 shares in the company, valued at approximately $46,266,739.77. The trade was a 0.43 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 13,097 shares of company stock worth $2,706,115 in the last three months. Corporate insiders own 61.07% of the company's stock.

Institutional Investors Weigh In On PrimeEnergy Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNRG. Wells Fargo & Company MN lifted its holdings in shares of PrimeEnergy Resources by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 425 shares of the oil and natural gas company's stock valued at $93,000 after buying an additional 81 shares during the period. State Street Corp lifted its holdings in PrimeEnergy Resources by 1.4% in the third quarter. State Street Corp now owns 7,447 shares of the oil and natural gas company's stock valued at $1,026,000 after acquiring an additional 100 shares during the period. Cannell Capital LLC boosted its position in PrimeEnergy Resources by 3.2% in the 4th quarter. Cannell Capital LLC now owns 6,053 shares of the oil and natural gas company's stock worth $1,329,000 after purchasing an additional 187 shares in the last quarter. Northern Trust Corp grew its stake in shares of PrimeEnergy Resources by 4.7% during the 4th quarter. Northern Trust Corp now owns 10,425 shares of the oil and natural gas company's stock worth $2,289,000 after purchasing an additional 464 shares during the period. Finally, Barclays PLC boosted its holdings in PrimeEnergy Resources by 31.9% during the third quarter. Barclays PLC now owns 2,629 shares of the oil and natural gas company's stock worth $362,000 after buying an additional 636 shares in the last quarter.

PrimeEnergy Resources Stock Performance

Shares of PNRG stock traded down $1.31 during mid-day trading on Friday, reaching $178.10. The stock had a trading volume of 14,891 shares, compared to its average volume of 9,349. PrimeEnergy Resources has a 1-year low of $99.07 and a 1-year high of $243.49. The firm has a market cap of $297.96 million, a price-to-earnings ratio of 7.66 and a beta of 0.04. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. The business's fifty day moving average is $197.31 and its 200-day moving average is $194.76.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The oil and natural gas company reported $1.02 earnings per share for the quarter. The company had revenue of $60.53 million for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%.

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.