Why These Energy Stocks are Losing This Week

3. PrimeEnergy Resources Corporation (NASDAQ:PNRG)

Share Price Decline Between Feb. 11 and Feb. 18: 11.92% 

PrimeEnergy Resources Corporation (NASDAQ:PNRG) engages in the acquisition, development, and production of oil and natural gas properties in the United States.

PrimeEnergy Resources Corporation (NASDAQ:PNRG) has seen several insider sales since the beginning of February. An SEC report revealed that on February 9, the company’s director, Clint Hurt, offloaded 1,976 shares of PNRG for a total transaction value of $396,634. This comes after Mr. Hurt had already sold 10,000 shares of the company in three separate transactions in the first week of this month. The total value of those transactions stood at just over $1.91 million.

Similarly, Robert de Rothschild, who owns a notable stake in PrimeEnergy Resources Corporation (NASDAQ:PNRG), also divested 1,149 shares of the company on February 5, valuing the transaction at  $214,575.