Nominees Pty Ltd Atf Narrogal Purchases 86,022 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 86,022 shares of Prairie Operating stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $1.68 per share, for a total transaction of $144,516.96. Following the completion of the purchase, the insider directly owned 15,079,301 shares of the company’s stock, valued at $25,333,225.68. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Nominees Pty Ltd Atf Narrogal also recently made the following trade(s):

• On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The stock was bought at an average cost of $1.68 per share, with a total value of $61,657.68.
• On Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal bought 70,795 shares of Prairie Operating stock. The stock was bought at an average price of $1.68 per share, with a total value of $118,935.60.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal bought 850,000 shares of Prairie Operating stock. The shares were bought at an average cost of $1.69 per share, for a total transaction of $1,436,500.00.
• On Friday, December 12th, Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of Prairie Operating stock. The shares were bought at an average price of $1.71 per share, for a total transaction of $462,437.01.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal purchased 42,781 shares of Prairie Operating stock. The stock was bought at an average price of $1.71 per share, with a total value of $73,155.51.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal acquired 200 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.71 per share, with a total value of $342.00.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal bought 50,000 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.72 per share, for a total transaction of $86,000.00.
• On Monday, November 24th, Nominees Pty Ltd Atf Narrogal bought 3,831 shares of Prairie Operating stock. The stock was purchased at an average price of $1.70 per share, with a total value of $6,512.70.
• On Friday, November 21st, Nominees Pty Ltd Atf Narrogal purchased 236,977 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.69 per share, with a total value of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 800,000 shares of Prairie Operating stock. The shares were purchased at an average price of $1.71 per share, for a total transaction of $1,368,000.00.

Prairie Operating Stock Performance

Prairie Operating stock opened at $1.68 on Friday. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80. The firm has a market capitalization of $100.21 million, a P/E ratio of -0.52 and a beta of 2.16. Prairie Operating Co. has a 1-year low of $1.64 and a 1-year high of $10.58. The company’s 50-day moving average is $1.81 and its 200 day moving average is $2.57.

Institutional Trading of Prairie Operating

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Prairie Operating by 203.8% in the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock worth $29,000 after acquiring an additional 6,582 shares in the last quarter. State of Wyoming bought a new position in Prairie Operating in the second quarter worth about $32,000. XTX Topco Ltd bought a new position in Prairie Operating in the second quarter worth about $32,000. JPMorgan Chase & Co. lifted its position in shares of Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after buying an additional 8,640 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of Prairie Operating in the 1st quarter valued at about $59,000. Institutional investors own 34.28% of the company’s stock.

Analyst Ratings Changes

PROP has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Prairie Operating in a research report on Monday. Piper Sandler lowered their target price on shares of Prairie Operating to $2.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Prairie Operating has an average rating of “Hold” and an average price target of $6.75.

About Prairie Operating

Prairie Operating (NASDAQ: PROP) is a publicly traded independent exploration and production company focused on the acquisition, development and operation of onshore oil and natural gas properties in the United States. The firm seeks to identify and capitalize on undervalued or overlooked assets, applying a disciplined approach to drilling, completion and production optimization. By concentrating on core resource plays, Prairie Operating aims to deliver steady production growth and free cash flow.

The company’s asset base is concentrated in the Permian Basin region of West Texas and southeastern New Mexico, where it holds working interests in both conventional and unconventional reservoirs.