PrimeEnergy Resources (NASDAQ:PNRG) Issues Earnings Results

PrimeEnergy Resources (NASDAQ:PNRG) announced its quarterly earnings data on Monday. The oil and natural gas company reported $3.72 EPS for the quarter, Zacks reports. The firm had revenue of $50.06 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

Shares of PNRG stock opened at $188.01 on Wednesday. The stock has a 50-day moving average price of $190.51 and a 200 day moving average price of $196.43. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.01. The firm has a market cap of $314.54 million, a price-to-earnings ratio of 8.08 and a beta of 0.25. PrimeEnergy Resources has a 12 month low of $100.22 and a 12 month high of $243.49.

Insider Buying and Selling

In related news, major shareholder Rothschild Robert De bought 1,017 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of $195.29 per share, for a total transaction of $198,609.93. Following the transaction, the insider now owns 236,913 shares of the company’s stock, valued at $46,266,739.77. This represents a 0.43% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 61.07% of the company’s stock.

Hedge Funds Weigh In On PrimeEnergy Resources

An institutional investor recently raised its position in PrimeEnergy Resources stock. AQR Capital Management LLC raised its stake in shares of PrimeEnergy Resources Co. (NASDAQ:PNRG) by 286.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,897 shares of the oil and natural gas company’s stock after buying an additional 5,111 shares during the quarter. AQR Capital Management LLC owned about 0.41% of PrimeEnergy Resources worth $1,572,000 at the end of the most recent reporting period.

PrimeEnergy Resources 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.