McKinley Carter Wealth Services Inc. acquired a new position in shares of Primeenergy Resources Corp (NASDAQ:PNRG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000 shares of the oil and natural gas company’s stock, valued at approximately $266,000. McKinley Carter Wealth Services Inc. owned about 0.10% of Primeenergy Resources as of its most recent filing with the Securities & Exchange Commission.
Separately, Moors & Cabot Inc. purchased a new position in shares of Primeenergy Resources during the first quarter worth about $314,000. Institutional investors and hedge funds own 3.76% of the company’s stock.
In other news, Director Clint Hurt sold 1,203 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $130.00, for a total transaction of $156,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 67.26% of the stock is currently owned by corporate insiders.
Shares of PNRG remained flat at $$107.00 during mid-day trading on Monday. 78 shares of the stock traded hands, compared to its average volume of 903. Primeenergy Resources Corp has a twelve month low of $67.01 and a twelve month high of $184.20. The stock has a market cap of $217.63 million, a price-to-earnings ratio of 19.38 and a beta of 0.46. The company has a fifty day simple moving average of $122.69 and a 200 day simple moving average of $134.42. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.89 and a quick ratio of 1.02.
Primeenergy Resources (NASDAQ:PNRG) last announced its earnings results on Monday, May 20th. The oil and natural gas company reported ($1.49) earnings per share for the quarter. Primeenergy Resources had a return on equity of 13.92% and a net margin of 11.77%. The business had revenue of $24.42 million for the quarter.
Primeenergy Resources Profile
PrimeEnergy Resources Corporation, an independent oil and natural gas company, through its subsidiaries, engages in acquiring, developing, and producing oil and natural gas properties in the United States. It also acquires producing oil and gas properties through joint ventures with industry partners; and provides contract services to third parties, including well-servicing support operations, site-preparation, and construction services for oil and gas drilling and reworking operations.
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