PrimeEnergy Resources Stock (NASDAQ: PNRG)

PrimeEnergy Resources (NASDAQ:PNRG) Stock, Quote.Headers.trade-ideas

PrimeEnergy Resources

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

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Contrary to 2021, when equity markets were in a bull run, 2022 has served as a not-so-gentle reminder that the stock market does not give free gifts. The macro attitude that is pushing the markets lower has been influenced by worries about a recession, geopolitical tensions, the energy crisis, and record inflation.

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PrimeEnergy Resources Corporation - Common Stock

PrimeEnergy Resources Corp

Disclosed on January 23, Clint Hurt, Board Member at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774925001700//Archives/edgar/data/56868/000143774925001700/0001437749-25-001700-index.htm">U.S. Securities and Exchange Commission</a> on Thursday showed that Hurt sold 6,001 shares of PrimeEnergy Resources. The total transaction amounted to $1,290,284. 
The latest update on Friday morning shows PrimeEnergy Resources shares down by 3.13%, trading at $213.12.
<h3>Get to Know PrimeEnergy Resources Better</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>PrimeEnergy Resources: Financial Performance Dissected</h3>
Positive Revenue Trend: Examining PrimeEnergy Resources's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 88.53% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 44.71%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 12.63.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.04, PrimeEnergy Resources adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 9.48 is lower than the industry average, implying a discounted valuation for PrimeEnergy Resources's stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.68 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 2.99, PrimeEnergy Resources could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>A Deep Dive into Insider Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Transaction: Clint Hurt Sells $1.29M Worth Of PrimeEnergy Resources Shares

Disclosed on January 23, Clint Hurt, Director at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Hurt's decision to sell 6,001 shares of PrimeEnergy Resources was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774925001609//Archives/edgar/data/56868/000143774925001609/0001437749-25-001609-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The total value of the sale is $1,290,284.
During Thursday's morning session, PrimeEnergy Resources shares down by 2.68%, currently priced at $213.12.
<h3>Get to Know PrimeEnergy Resources Better</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>PrimeEnergy Resources: Delving into Financials</h3>
Revenue Growth: PrimeEnergy Resources's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 88.53%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: The company sets a benchmark with a high gross margin of 44.71%, reflecting superior cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 12.63.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.04.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: PrimeEnergy Resources's P/E ratio of 9.44 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.66 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 2.98, PrimeEnergy Resources could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Cracking Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Director Of PrimeEnergy Resources Makes $1.29M Sale

Disclosed on January 3, Clint Hurt, Board Member at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: Hurt's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774925000101//Archives/edgar/data/56868/000143774925000101/0001437749-25-000101-index.htm">U.S. Securities and Exchange Commission</a> on Friday unveiled the sale of 2,869 shares of PrimeEnergy Resources. The total transaction value is $650,843.
During Friday's morning session, PrimeEnergy Resources shares up by 6.27%, currently priced at $218.8.
<h3>Unveiling the Story Behind PrimeEnergy Resources</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>PrimeEnergy Resources: Delving into Financials</h3>
Revenue Growth: PrimeEnergy Resources's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 88.53%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 44.71%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 12.63.
</li>
</ul>
Debt Management: PrimeEnergy Resources's debt-to-equity ratio is below the industry average at 0.04, reflecting a lower dependency on debt financing and a more conservative financial approach.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 8.87, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 2.5 is above industry norms, reflecting an elevated valuation for PrimeEnergy Resources's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 2.8 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Board Member Of PrimeEnergy Resources Sold $650K In Stock

PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) reported quarterly earnings of $8.80 per share. This is a 113.08 percent increase over earnings of $4.13 per share from the same period last year. The company reported $69.45 million in sales this quarter. This is a 84.84 percent increase over sales of $37.58 million the same period last year.

PrimeEnergy Resources Q3 EPS $8.80 Up From $4.13 YoY, Sales $69.45M Up From $37.58M YoY

Clint Hurt, Director at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), executed a substantial insider sell on August 19, according to an SEC filing.
What Happened: Hurt's decision to sell 2,511 shares of PrimeEnergy Resources was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774924027255//Archives/edgar/data/56868/000143774924027255/0001437749-24-027255-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $324,370.
During Tuesday's morning session, PrimeEnergy Resources shares up by 0.29%, currently priced at $133.5.
<h3>All You Need to Know About PrimeEnergy Resources</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>Financial Milestones: PrimeEnergy Resources's Journey</h3>
Revenue Growth: Over the 3 months period, PrimeEnergy Resources showcased positive performance, achieving a revenue growth rate of 118.2% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Exploring Profitability:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 44.46%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 11.08.
</li>
</ul>
Debt Management: PrimeEnergy Resources's debt-to-equity ratio is below the industry average at 0.02, reflecting a lower dependency on debt financing and a more conservative financial approach.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 7.17 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 1.92 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 2.27 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PrimeEnergy Resources Director Trades $324K In Company Stock

A substantial insider sell was reported on August 19, by Clint Hurt, Board Member at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), based on the recent SEC filing.
What Happened: Hurt's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774924027264//Archives/edgar/data/56868/000143774924027264/0001437749-24-027264-index.htm">U.S. Securities and Exchange Commission</a> on Monday unveiled the sale of 2,511 shares of PrimeEnergy Resources. The total transaction value is $324,370.
PrimeEnergy Resources's shares are actively trading at $133.12, experiencing a down of 0.0% during Tuesday's morning session.
<h3>Delving into PrimeEnergy Resources's Background</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>PrimeEnergy Resources's Economic Impact: An Analysis</h3>
Revenue Growth: PrimeEnergy Resources's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 118.2%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics: Unlocking Value
<ul>
<li>
Gross Margin: With a high gross margin of 44.46%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 11.08.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 7.17 is lower than the industry average, implying a discounted valuation for PrimeEnergy Resources's stock.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 1.92 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): PrimeEnergy Resources's EV/EBITDA ratio, lower than industry averages at 2.27, indicates attractively priced shares.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Massive Insider Trade At PrimeEnergy Resources

PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) reported quarterly earnings of $7.77 per share. This is a 103.4 percent increase over earnings of $3.82 per share from the same period last year. The company reported $64.83 million in sales this quarter. This is a 81.49 percent increase over sales of $35.72 million the same period last year.

PrimeEnergy Resources Q2 EPS $7.77 Up From $3.82 YoY, Sales $64.83M Up From $35.72M YoY

Clint Hurt, Director at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), reported an insider sell on July 22, according to a new SEC filing. 
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000143774924023167//Archives/edgar/data/56868/000143774924023167/0001437749-24-023167-index.htm">U.S. Securities and Exchange Commission</a> on Monday, Hurt sold 2,476 shares of PrimeEnergy Resources. The total transaction value is $298,395.
The latest update on Tuesday morning shows PrimeEnergy Resources shares up by 1.34%, trading at $118.3.
<h3>Delving into PrimeEnergy Resources's Background</h3>
PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.
<h3>Understanding the Numbers: PrimeEnergy Resources's Finances</h3>
Revenue Growth: PrimeEnergy Resources displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 91.1%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 40.59%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): PrimeEnergy Resources's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 6.27.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 7.97 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.11, PrimeEnergy Resources's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 2.61, PrimeEnergy Resources could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Uncovering the Importance of Insider Activity</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Transaction: Clint Hurt Sells $298K Worth Of PrimeEnergy Resources Shares

WIIM

AESI

CIVI

CLNE

FANG

LBRT

MTDR

PTEN

TALO

WFRD

Shares of several oil & gas companies are trading lower following an OPEC+ meeting in which members said they would start phasing out voluntary production cuts in October.

AROC

EURN

TRGP

VIST

Shares of oil and gas stocks are trading lower amid a drop in the price in crude.

<h3>Understanding Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:</h2>
<ol>
<li>PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) - P/E: 7.79</li>
<li>RPC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RES#NYSE">RES</a>) - P/E: 6.72</li>
<li>ProPetro Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>) - P/E: 8.29</li>
<li>San Juan Basin Royalty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJT#NYSE">SJT</a>) - P/E: 3.06</li>
<li>SilverBow Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBOW#NYSE">SBOW</a>) - P/E: 2.19</li>
</ol>
This quarter, PrimeEnergy Resources experienced an increase in earnings per share, which was $3.82 in Q2 and is now $4.13. RPC has reported Q3 earnings per share at $0.08, which has decreased by 73.33% compared to Q2, which was 0.3. Its most recent dividend yield is at 1.84%, which has increased by 0.05% from 1.79% in the previous quarter.
Most recently, ProPetro Holding reported earnings per share at $0.31, whereas in Q2 earnings per share sat at $0.34. San Juan Basin Royalty's earnings per share for Q3 sits at $0.08, whereas in Q2, they were at 0.17. The company's most recent dividend yield sits at 2.61%, which has decreased by 0.18% from 2.79% last quarter. 
SilverBow Resources saw an increase in earnings per share from 1.1 in Q2 to $2.94 now. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

PUMP

SBOW

A Look Into Energy Sector Value Stocks

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Agilent Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/a#NYSE">A</a>) to report quarterly earnings at $1.35 per share on revenue of $1.67 billion after the closing bell. Agilent shares fell 0.01% to $113.14 in after-hours trading.</li>
<li>Masimo Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/masi#NASDAQ">MASI</a>)&nbsp;disclosed that the Masimo W1 medical watch has received FDA 510(k) clearance for over-the-counter and prescription use. Masimo shares gained 0.2% to $94.00 in the after-hours trading session.</li>
<li>Analysts expect Zoom Video Communications, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zm#NASDAQ">ZM</a>) to earn $1.08 per share on revenue of $1.12 billion for the latest quarter. The company will release earnings after the markets close. Zoom Video shares gained 0.5% to $64.44 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<ul>
<li>PrimeEnergy Resources Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnrg#NASDAQ">PNRG</a>) reported earnings of $4.13 per share for the third quarter, down from $4.88 per share in the year-ago period. Its revenue fell to $35.360 million from $39.651 million in the year-earlier period. PrimeEnergy Resources shares gained 0.4% to close at $107.78 on Friday.</li>
<li>Analysts expect Keysight Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/keys#NYSE">KEYS</a>) to report quarterly earnings at $1.87 per share on revenue of $1.30 billion after the closing bell. Keysight shares gained 0.2% to $133.50 in after-hours trading.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/23/11/35847528/top-5-health-care-stocks-that-may-collapse-in-november"> Top 5 Health Care Stocks That May Collapse In November </a>

PrimeEnergy Q3 2023 EPS $4.13 Down From $4.88 Yoy, Revenue $35.360M Down From $39.651M YoY

PrimeEnergy Resources Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) (&quot;PrimeEnergy&quot; or &quot;Company&quot;) announced today that the Company was added to the broad-market Russell 2000 Index at the conclusion of the 2023 Russell Indexes annual reconstitution, effective at the US market opening on June 26, 2023.
&quot;We are pleased to have earned our inclusion in the Russell 2000&reg; Index, one of the most widely cited performance benchmarks for U.S. small-cap companies,&quot; said Beverly Cummings, Vice President and CFO of PrimeEnergy. &quot;This is an important event for PrimeEnergy as we continue to execute the development of our acreage position in the Permian Basin and Oklahoma.&quot; During the&nbsp;second quarter&nbsp;of 2023, the Company added the first production from 18 wells completed in 2023 and currently has 7 additional wells in various stages of completion activities with ConocoPhillips Corporation and Apache Corporation. The development plan includes the drilling of additional wells during the second half of 2023. The Company has a revolving line of credit of&nbsp;$60 million&nbsp;in place which is totally undrawn as of June 30, 2023.
PrimEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company&#39;s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

PrimeEnergy Resources Corporation Joins The Russell 2000 Index

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the energy sector:</h2>
<ol>
<li>PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) - P/E: 6.39</li>
<li>SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) - P/E: 3.02</li>
<li>Kosmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) - P/E: 8.47</li>
<li>Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) - P/E: 4.31</li>
<li>GasLog Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOP#NYSE">GLOP</a>) - P/E: 4.95</li>
</ol>
PrimeEnergy Resources saw a decrease in earnings per share from 4.99 in Q4 to $0.53 now. SM Energy's earnings per share for Q1 sits at $1.33, whereas in Q4, they were at 1.29. Most recently, the company reported a dividend yield of 1.97%, which has decreased by 0.19% from last quarter's yield of 2.16%.
Kosmos Energy saw a decrease in earnings per share from 0.23 in Q4 to $0.16 now. Its most recent dividend yield is at 3.64%, which has increased by 0.77% from 2.87% in the previous quarter.
Liberty Energy saw an increase in earnings per share from 0.82 in Q4 to $0.9 now. Most recently, the company reported a dividend yield of 1.51%, which has increased by 0.16% from last quarter's yield of 1.35%.
GasLog Partners saw a decrease in earnings per share from 0.74 in Q4 to $0.62 now. Most recently, the company reported a dividend yield of 0.47%, which has decreased by 0.1% from last quarter's yield of 0.57%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

GLOP

PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>) reported quarterly earnings of $0.53 per share. This is a 86.98 percent decrease over earnings of $4.07 per share from the same period last year. The company reported $22.65 million in sales this quarter. This is a 13.59 percent decrease over sales of $26.21 million the same period last year.

PrimeEnergy Resources Q1 EPS $0.53 Down From $4.07 YoY, Sales $22.65M Down From $26.21M YoY

PrimeEnergy Resources Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>):
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="8" rowspan="1">
Year Ended December 31,
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="2" rowspan="1">
2022
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
2021
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
Increase / (Decrease)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Revenues (In 000&#39;s)
</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
125,087
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
72,458
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
52,629
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Income (In 000&#39;s)
</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
48,664
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2,098
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
46,566
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Earnings per Common Share:
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Basic
</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
24.91
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
1.05
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
23.86
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted
</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
17.95
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
0.76
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
17.19
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Shares Used in Calculation of:
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Basic EPS
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
1,953,916
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
1,992,077
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted EPS
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2,711,170
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2,744,162
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
</tr>
</tbody>
</table>
Oil and gas production and the average prices received (excluding gains and losses from derivatives) for the years ended December 31, 2022 and 2021, were as follows:
<table cellspacing="0">
<tbody>
<tr>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="7" rowspan="1">
Years ended
			December 31,
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="2">
Increase /
			(Decrease)
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="2">
Increase /
			(Decrease)
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">
2022
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="3" rowspan="1">
2021
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Barrels of Oil Produced
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
939,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
738,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
201,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
27.24
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Average Price Received
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
96.70
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
68.39
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
28.31
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
41.40
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Oil Revenue (In 000&#39;s)
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
90,803
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
50,474
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
40,329
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
79.90
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Mcf of Gas Sold
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
3,325,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
3,236,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
89,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
2.75
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Average Price Received
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
5.54
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
3.53
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2.01
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
57.00
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Gas Revenue (In 000&#39;s)
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
18,428
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
11,432
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
6,996
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
1.20
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Barrels of Natural Gas Liquids Sold
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
417,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
416,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
1,000
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
0.24
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Average Price Received
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
35.70
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
26.97
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
8.73
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
32.37
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Natural Gas Liquids Revenue (In 000&#39;s).
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
14,887
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
11,220
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
3,667
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
32.68
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Total Oil &amp; Gas Revenue (In 000&#39;s)
</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
124,118
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
73,126
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
50,992
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
69.73
</td>
<td colspan="1" rowspan="1">
%
</td>
</tr>
</tbody>
</table>
Proved reserves at December 31, 2022, were 7,171,000 barrels of oil, 4,330,000 barrels of natural gas liquids, and 31,307,000 thousand cubic feet of natural gas; or 16,719,000 barrels of oil equivalents.
Our current bank facility provides for a credit line of&nbsp;$60 million. As of April 14, 2023, it was totally unused.

PrimeEnergy Resources Corporation Announces Year End Production And Financial Results; FY22 EPS $17.95 Vs $0.76 YoY; Revenue $125.087M Vs $72.485M YoY

The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Riley Exploration Permian, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/repx#NYSE">REPX</a>)</h3>
<ul>
<li>Riley Exploration Permian reported better-than-expected quarterly sales. &quot;2022 was another record year for Riley Permian, with our out-performance continuing through the fourth quarter,&quot; said Riley Permian Chairman and CEO, Bobby Riley. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/REPX">52-week high of $47.79 </a>.</li>
<li>RSI Value: 75.33</li>
<li>REPX Price Action: Shares of Riley Exploration Permian fell 1.5% to close at $44.91 on Wednesday.</li>
</ul>
<h3>Denbury Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/den#NYSE">DEN</a>)</h3>
<ul>
<li>Denbury posted weaker-than-expected quarterly results. Chris Kendall, Denbury&rsquo;s President and Chief Executive Officer, said, &quot;Our 2023 capital program furthers our strategy to build a world-class CCUS network, unparalleled both in scale and reliability, that delivers transformational growth for our shareholders.&quot; The company&rsquo;s <a href="https://www.benzinga.com/quote/DEN"> stock has a 52-week high </a> of $104.05.</li>
<li>RSI Value: 72.26</li>
<li>DEN Price Action: Shares of Denbury fell 0.1% to close at $94.46 on Wednesday.</li>
</ul>
<h3>PrimeEnergy Resources Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnrg#NASDAQ">PNRG</a>)</h3>
<ul>
<li>PrimeEnergy Resources shares gained around 9% over the past month. The company has a <a href="https://www.benzinga.com/quote/PNRG"> 52-week high </a> of $105.00.</li>
<li>RSI Value: 71.66</li>
<li>PNRG Price Action: Shares of PrimeEnergy Resources rose 0.6% to close at $96.40 on Wednesday.</li>
</ul>
<h3>Geospace Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/geos#NASDAQ">GEOS</a>)</h3>
<ul>
<li>Geospace Technologies posted a narrower Q1 loss. Walter R. (&quot;Rick&quot;) Wheeler, President and CEO of the Company said, &quot;We&rsquo;re pleased to see that revenue for our first quarter of fiscal year 2023 exceeded $31 million. This is an increase of 73% over last year&rsquo;s same period and represents the Company&rsquo;s highest amount of quarterly revenue in the last eight-and-half years, namely since June of 2014.&quot; The company&rsquo;s 52-week high is $8.69.</li>
<li>RSI Value: 71.55</li>
<li>GEOS Price Action: Shares of Geospace Technologies rose 2.5% to close at $8.69 on Wednesday.</li>
</ul>
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/04/31677472/6m-bet-on-this-technology-stock-check-out-these-3-stocks-insiders-are-buying"> $6M Bet On This Technology Stock? Check Out These 3 Stocks Insiders Are Buying</a>

Rothschild Robert de, 10% Owner at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), reported a large insider sell on November 9, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000089924322035447//Archives/edgar/data/56868/000089924322035447/0000899243-22-035447-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that de sold 4,821 shares of PrimeEnergy Resources. The total transaction amounted to $368,131. 
PrimeEnergy Resources shares are trading up 1.32% at $80.4 at the time of this writing on Thursday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PrimeEnergy Resources 10% Owner Sold $368K In Company Stock

Rothschild Robert de, 10% Owner at PrimeEnergy Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNRG#NASDAQ">PNRG</a>), reported a large insider sell on November 9, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000056868/000089924322035447//Archives/edgar/data/56868/000089924322035447/0000899243-22-035447-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that de sold 4,821 shares of PrimeEnergy Resources. The total transaction amounted to $368,131. 
PrimeEnergy Resources shares are trading down 0.0% at $79.35 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056868">Check Out The Full List Of PrimeEnergy Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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