Web.com Group, Inc. (WEB) Reaches $18.15 After 8.00% Up Move; Primeenergy (PNRG) Shorts Up By 4.55%

February 23, 2018 - By Ruchi Gupta

The stock of Web.com Group, Inc. (NASDAQ:WEB) is a huge mover today! The stock increased 4.01% or $0.7 during the last trading session, reaching $18.15. About 288,750 shares traded. Web.com Group, Inc. (NASDAQ:WEB) has risen 26.30% since February 23, 2017 and is uptrending. It has outperformed by 9.60% the S&P500.The move comes after 7 months positive chart setup for the $886.63 million company. It was reported on Feb, 23 by Barchart.com. We have $19.60 PT which if reached, will make NASDAQ:WEB worth $70.93M more.

Primeenergy Corporation (NASDAQ:PNRG) had an increase of 4.55% in short interest. PNRG’s SI was 2,300 shares in February as released by FINRA. Its up 4.55% from 2,200 shares previously. With 200 avg volume, 12 days are for Primeenergy Corporation (NASDAQ:PNRG)’s short sellers to cover PNRG’s short positions. The SI to Primeenergy Corporation’s float is 0.44%. The stock increased 2.88% or $1.5 during the last trading session, reaching $53.5. About 1 shares traded. PrimeEnergy Corporation (NASDAQ:PNRG) has declined 4.10% since February 23, 2017 and is downtrending. It has underperformed by 20.80% the S&P500.

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. The company has market cap of $116.72 million. It also acquires producing gas and oil 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 gas and oil drilling and reworking operations. It has a 8.65 P/E ratio. The firm operates approximately 1,200 active wells and owns non-operating interests in approximately 400 additional wells located in Colorado, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma, Texas, West Virginia, and Wyoming, as well as the Gulf of Mexico.

Among 4 analysts covering Web.com Group (NASDAQ:WEB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Web.com Group has $24 highest and $20 lowest target. $22.33’s average target is 23.03% above currents $18.15 stock price. Web.com Group had 7 analyst reports since December 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, February 16 report. The company was upgraded on Friday, February 12 by Suntrust Robinson. The rating was maintained by Suntrust Robinson on Wednesday, December 30 with “Neutral”. The company was downgraded on Friday, November 4 by Suntrust Robinson. As per Wednesday, October 19, the company rating was initiated by Cantor Fitzgerald. Craig Hallum upgraded the stock to “Buy” rating in Tuesday, January 19 report. RBC Capital Markets maintained Web.com Group, Inc. (NASDAQ:WEB) on Friday, May 6 with “Sector Perform” rating.

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