Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Buys 210,981 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 210,981 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $1.61 per share, with a total value of $339,679.41. Following the completion of the acquisition, the insider owned 15,481,603 shares of the company’s stock, valued at $24,925,380.83. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 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 purchased 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 Friday, December 19th, Nominees Pty Ltd Atf Narrogal bought 33,825 shares of Prairie Operating stock. The shares were bought 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 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 shares were acquired at an average price of $1.68 per share, for a total transaction of $118,935.60.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal purchased 86,022 shares of Prairie Operating stock. The shares were bought 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 acquired 850,000 shares of Prairie Operating stock. The stock was 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 bought 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 bought at an average price of $1.71 per share, for a total transaction 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 price of $1.72 per share, for a total transaction of $86,000.00.

Prairie Operating Trading Down 1.7%

NASDAQ:PROP opened at $1.69 on Friday. The company has a market cap of $100.81 million, a PE ratio of -0.52 and a beta of 2.27. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 4.11. The company has a 50 day simple moving average of $1.79 and a two-hundred day simple moving average of $2.43. Prairie Operating Co. has a 12 month low of $1.57 and a 12 month high of $10.58.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PROP. Vanguard Group Inc. increased its holdings in Prairie Operating by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock worth $2,533,000 after acquiring an additional 7,042 shares in the last quarter. Woodline Partners LP bought a new position in shares of Prairie Operating in the first quarter worth approximately $3,678,000. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 285,934 shares in the last quarter. Hodges Capital Management Inc. purchased a new stake in shares of Prairie Operating in the first quarter worth $2,943,000. Finally, Marshall Wace LLP bought a new stake in shares of Prairie Operating during the 2nd quarter valued at $860,000. 34.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler lowered their target price on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.75.

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.