Nominees Pty Ltd Atf Narrogal Buys 50,000 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average price of $1.68 per share, with a total value of $84,000.00. Following the completion of the acquisition, the insider directly owned 15,270,622 shares in the company, valued at approximately $25,654,644.96. This represents a 0.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 19th, Nominees Pty Ltd Atf Narrogal acquired 33,825 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.68 per share, for a total transaction of $56,826.00.
• On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal bought 36,701 shares of Prairie Operating stock. The stock was purchased at an average price 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 purchased at an average cost of $1.68 per share, with a total value of $118,935.60.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal purchased 86,022 shares of Prairie Operating stock. The shares were acquired at an average price of $1.68 per share, for a total transaction of $144,516.96.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal purchased 850,000 shares of Prairie Operating stock. The shares were acquired 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 acquired 270,431 shares of Prairie Operating stock. The stock was acquired at an average price of $1.71 per share, with a total value of $462,437.01.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal acquired 42,781 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.71 per share, with a total value of $73,155.51.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal bought 200 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.71 per share, for a total transaction of $342.00.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.72 per share, with a total value of $86,000.00.
• On Monday, November 24th, Nominees Pty Ltd Atf Narrogal purchased 3,831 shares of Prairie Operating stock. The shares were acquired at an average price of $1.70 per share, with a total value of $6,512.70.

Prairie Operating Stock Down 3.4%

Shares of NASDAQ:PROP opened at $1.72 on Wednesday. The stock has a market capitalization of $102.60 million, a P/E ratio of -0.53 and a beta of 2.16. The stock’s 50-day moving average price is $1.80 and its 200-day moving average price is $2.44. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 4.11. Prairie Operating Co. has a 12-month low of $1.57 and a 12-month high of $10.58.

Wall Street Analysts Forecast Growth

PROP has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Piper Sandler cut their price target on shares of Prairie Operating to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Prairie Operating currently has an average rating of “Hold” and a consensus price target of $6.75.

Institutional Trading of Prairie Operating

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP purchased a new position in Prairie Operating during the 1st quarter valued at $3,678,000. Hodges Capital Management Inc. bought a new stake in shares of Prairie Operating during the 1st quarter valued at about $2,943,000. Marshall Wace LLP purchased a new position in shares of Prairie Operating during the second quarter valued at about $860,000. Geode Capital Management LLC raised its stake in Prairie Operating by 76.2% in the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock worth $1,981,000 after buying an additional 285,934 shares in the last quarter. Finally, FOCUS Wealth Advisors LLC purchased a new stake in Prairie Operating in the third quarter worth about $278,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile

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.