On August 16, 2024, Clint Hurt, Director at PrimeEnergy Resources Corp (PNRG, Financial), executed a sale of 2,511 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 140,763 shares of PrimeEnergy Resources Corp.
PrimeEnergy Resources Corp is an independent oil and natural gas company engaged in acquiring, developing, and producing oil and natural gas. The company primarily operates in the United States.
Over the past year, Clint Hurt has sold a total of 20,890 shares and has not purchased any shares. This recent sale is part of a broader trend observed at PrimeEnergy Resources Corp, where there have been 18 insider sells and no insider buys over the past year.
Shares of PrimeEnergy Resources Corp were trading at $129.18 on the day of the sale. The company has a market cap of $233.196 million. The price-earnings ratio of the stock is 7.16, which is lower than both the industry median of 11.07 and the company’s historical median.
The stock’s GF Value is estimated at $145.39, indicating a price-to-GF-Value ratio of 0.89. This suggests that PrimeEnergy Resources Corp is Fairly Valued based on its GF Value.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates 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.
