On December 31, 2024, Clint Hurt, a Director at PrimeEnergy Management Corporation, a subsidiary of PrimeEnergy Resources Corp (PNRG, Financial), sold 2,869 shares of the company. Following this transaction, the insider now owns 137,894 shares of the company. The details of this transaction can be found in the SEC Filing.
PrimeEnergy Resources Corp (PNRG) is engaged in the acquisition, development, and production of oil and natural gas properties. The company operates primarily in the United States, focusing on the Texas and Oklahoma regions.
Over the past year, Clint Hurt has sold a total of 20,380 shares and has not purchased any shares. The insider transaction history for PrimeEnergy Resources Corp indicates that there have been 0 insider buys and 15 insider sells over the same period.
As of the date of the recent sale, shares of PrimeEnergy Resources Corp were trading at $226.85, giving the stock a market cap of $363.249 million. The company's price-earnings ratio stands at 9.09, which is lower than the industry median of 11.565 but higher than the company’s historical median price-earnings ratio.
With a trading price of $226.85 and a GF Value of $174.25, PrimeEnergy Resources Corp has a price-to-GF-Value ratio of 1.3, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
