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PrimeEnergy: 2Q Earnings Snapshot

PrimeEnergy: 2Q Earnings Snapshot

Associated Press

HOUSTON (AP) _ PrimeEnergy Corp. (PNRG) on Monday reported a second-quarter loss of $560,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Houston-based company said it had a loss of 27 cents.

The investor in the oil and gas industry posted revenue of $22.4 million in the period.

PrimeEnergy shares have risen 48 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $76, an increase of 60 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PNRG at https://www.zacks.com/ap/PNRG