PrimeEnergy Resources (NASDAQ:PNRG) Posts Earnings Results

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

PrimeEnergy Resources Price Performance

PrimeEnergy Resources stock traded down $6.25 during mid-day trading on Friday, hitting $166.00. The stock had a trading volume of 11,096 shares, compared to its average volume of 9,086. 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 firm's 50 day moving average is $199.08 and its 200 day moving average is $194.45. The firm has a market capitalization of $285.02 million, a P/E ratio of 7.14 and a beta of 0.04. PrimeEnergy Resources has a one year low of $98.55 and a one year high of $243.49.

Insider Buying and Selling at PrimeEnergy Resources

In other news, major shareholder Rothschild Robert De sold 3,297 shares of PrimeEnergy Resources stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $219.72, for a total transaction of $724,416.84. Following the sale, the insider now owns 253,471 shares in the company, valued at $55,692,648.12. This trade represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Clint Hurt sold 4,894 shares of the company's stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $215.22, for a total transaction of $1,053,286.68. Following the transaction, the director now owns 126,680 shares of the company's stock, valued at approximately $27,264,069.60. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,991 shares of company stock valued at $3,759,402 over the last ninety days. 61.07% of the stock is currently owned by company insiders.

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.