PrimeEnergy (PNRG) Rating Increased to B- at TheStreet
Separately, ValuEngine raised PrimeEnergy from a “sell” rating to a “hold” rating in a research note on Wednesday, April 18th.
Shares of PrimeEnergy opened at $66.50 on Wednesday, according to Marketbeat.com. The stock has a market capitalization of $139.50 million, a P/E ratio of 9.97 and a beta of -0.10. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. PrimeEnergy has a 52-week low of $40.00 and a 52-week high of $70.30.
A hedge fund recently bought a new stake in PrimeEnergy stock. Fondren Management LP acquired a new stake in shares of PrimeEnergy Co. (NASDAQ:PNRG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,778 shares of the oil and natural gas company’s stock, valued at approximately $298,000. Fondren Management LP owned about 0.27% of PrimeEnergy as of its most recent SEC filing. 2.43% of the stock is owned by institutional investors and hedge funds.
PrimeEnergy 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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