Nominees Pty Ltd Atf Narrogal Buys 33,825 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal purchased 33,825 shares of the business’s stock in a transaction on Friday, December 19th. The stock was acquired at an average price of $1.68 per share, for a total transaction of $56,826.00. Following the completion of the purchase, the insider owned 15,220,622 shares of the company’s stock, valued at $25,570,644.96. This represents a 0.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, 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 Wednesday, December 24th, Nominees Pty Ltd Atf Narrogal acquired 50,000 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.68 per share, with a total value of $84,000.00.
• On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The stock was acquired at an average price of $1.68 per share, for a total transaction of $61,657.68.
• On Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal bought 70,795 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.68 per share, for a total transaction of $118,935.60.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal bought 86,022 shares of Prairie Operating stock. The shares were acquired at an average price of $1.68 per share, with a total value of $144,516.96.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal purchased 850,000 shares of Prairie Operating stock. The stock was bought at an average price 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 shares were bought at an average cost of $1.71 per share, for a total transaction of $462,437.01.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal acquired 42,781 shares of Prairie Operating stock. The shares were 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 bought 200 shares of Prairie Operating stock. The stock was bought at an average price 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 bought 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 purchased 3,831 shares of Prairie Operating stock. The shares were bought at an average price of $1.70 per share, for a total transaction of $6,512.70.

Prairie Operating Price Performance

Shares of PROP opened at $1.72 on Wednesday. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80. Prairie Operating Co. has a 1-year low of $1.57 and a 1-year high of $10.58. The stock has a market cap of $102.60 million, a PE ratio of -0.53 and a beta of 2.16. The firm has a fifty day moving average price of $1.80 and a 200 day moving average price of $2.44.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Prairie Operating

Institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in Prairie Operating during the 3rd quarter worth approximately $82,000. Centiva Capital LP purchased a new stake in shares of Prairie Operating during the third quarter worth approximately $60,000. Alliancebernstein L.P. lifted its holdings in shares of Prairie Operating by 52.1% during the third quarter. Alliancebernstein L.P. now owns 39,100 shares of the company’s stock worth $78,000 after purchasing an additional 13,400 shares during the period. Warther Private Wealth LLC acquired a new stake in shares of Prairie Operating during the third quarter worth $31,000. Finally, Raymond James Financial Inc. grew its position in Prairie Operating by 14.3% in the 3rd quarter. Raymond James Financial Inc. now owns 119,346 shares of the company’s stock valued at $237,000 after buying an additional 14,932 shares during the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

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.