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

PrimeEnergy Resources Co. (NASDAQ:PNRG - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 30,000 shares, a growth of 35.7% from the April 30th total of 22,100 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is currently 1.6 days. Currently, 5.2% of the company's shares are sold short.

Hedge Funds Weigh In On PrimeEnergy Resources

A number of large investors have recently bought and sold shares of the business. Strs Ohio bought a new position in PrimeEnergy Resources in the first quarter worth approximately $501,000. Empowered Funds LLC raised its stake in PrimeEnergy Resources by 6.7% in the first quarter. Empowered Funds LLC now owns 8,649 shares of the oil and natural gas company's stock worth $1,971,000 after buying an additional 541 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in PrimeEnergy Resources by 4.3% in the first quarter. Bridgeway Capital Management LLC now owns 12,990 shares of the oil and natural gas company's stock worth $2,960,000 after buying an additional 541 shares in the last quarter. AQR Capital Management LLC raised its stake in PrimeEnergy Resources by 286.2% in the first quarter. AQR Capital Management LLC now owns 6,897 shares of the oil and natural gas company's stock worth $1,572,000 after buying an additional 5,111 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in PrimeEnergy Resources in the first quarter worth approximately $93,000.

PrimeEnergy Resources Trading Down 11.9%

Shares of PrimeEnergy Resources stock traded down $20.02 on Thursday, hitting $148.60. 89,761 shares of the company traded hands, compared to its average volume of 15,955. The stock's 50 day moving average price is $184.20 and its 200-day moving average price is $196.91. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.01. PrimeEnergy Resources has a 52 week low of $100.22 and a 52 week high of $243.49. The company has a market cap of $246.82 million, a PE ratio of 6.39 and a beta of 0.25.

PrimeEnergy Resources (NASDAQ:PNRG - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The oil and natural gas company reported $3.72 earnings per share for the quarter. PrimeEnergy Resources had a net margin of 27.73% and a return on equity of 32.76%. The firm had revenue of $50.06 million during the quarter.

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.