(NASDAQ:PNRG) shares saw light trading volume with 25 shares changing hands by the end of trading on Tuesday. Trading volume was down 97.19% under the stocks average daily volume.
Short traders are more bullish on shares of PrimeEnergy Corporation as implied by the decrease in short interest. The company realized a fall in short interest from September 29, 2017 to October 13, 2017 of -11.32%. Short interest decreased 437 over that period. The days to cover decreased to 11.0 and the percentage of shorted shares is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (PNRG). Bank Of America Corp /de/ trimmed its ownership by selling 1,516 shares a decrease of 82.9% from 03/31/2017 to 06/30/2017. Bank Of America Corp /de/ owns 313 shares worth $15,000. The total value of its holdings decreased 83.5%. As of the end of the quarter Blackrock Inc. had sold a total of 73 shares trimming its stake by 42.0%. The value of the company’s investment in PrimeEnergy Corporation went from $9,000 to $5,000 decreasing 44.4% for the reporting period.
As of quarter end Tower Research Capital LLC (trc) had acquired 32 shares growing its position 188.2%. The value in dollars increased from $1,000 to $2,000 a change of $1,000 quarter over quarter. As of the end of the quarter Ubs Group Ag had bought 112 shares growing its holdings by 700.0%. The value of the investment in (PNRG) went from $1,000 to $6,000 a change of 500.0% quarter to quarter.
The company is unchanged since yesterday’s close of $50.00. It is currently trading at $50.00 barely above $47.98, the 50 day moving average and a bit higher than the 200 day moving average of $46.05. The 50 day moving average was up $2.02 or +4.20% and the 200 day average moved up $3.95.
The P/E ratio is 5.94 and market capitalization is 109.45M.
PrimeEnergy Corporation, launched on March 22, 1973, is an independent oil and natural gas company. The Company is involved in acquiring, developing and producing oil and natural gas. It owns producing and non-producing properties located in Texas, Oklahoma, West Virginia, New Mexico, Colorado and Louisiana. All of the Business’s oil and gas properties and interests are located in the United States. Through its subsidiaries, Prime Operating Company, Southwest Oilfield Construction Company, Eastern Oil Well Service Company and EOWS Midland Company, the Company acts as an operator and provides well servicing support operations for the onshore oil and gas wells in which the Company has an interest, as well as for third parties. The Company owns and operates properties in the Gulf of Mexico through its subsidiary, Prime Offshore L.L.C. The Company is also engaged in the acquisition of producing oil and gas properties through joint ventures with industry partners. Its subsidiary, PrimeEnergy Management Corporation (PEMC), acts as the managing general partner of approximately 20 oil and gas limited partnerships (the Partnerships), and acts as the managing trustee of over two asset and income business trusts (the Trusts)..