Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Buys 70,795 Shares of Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 70,795 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $1.68 per share, for a total transaction of $118,935.60. Following the completion of the purchase, the insider owned 15,150,096 shares of the company’s stock, valued at approximately $25,452,161.28. This represents a 0.47% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large 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 Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.68 per share, with a total value of $61,657.68.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal bought 86,022 shares of Prairie Operating stock. The shares were bought at an average cost 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 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 purchased 270,431 shares of Prairie Operating stock. The stock was bought at an average cost 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 shares were bought at an average cost of $1.71 per share, for a total transaction 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, 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 purchased at an average price 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 purchased at an average cost of $1.70 per share, with a total value of $6,512.70.
• On Friday, November 21st, Nominees Pty Ltd Atf Narrogal acquired 236,977 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.69 per share, for a total transaction of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 800,000 shares of Prairie Operating stock. The shares were purchased at an average price of $1.71 per share, with a total value of $1,368,000.00.

Prairie Operating Price Performance

Shares of PROP opened at $1.68 on Friday. The company has a 50 day moving average of $1.81 and a two-hundred day moving average of $2.58. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 4.11. Prairie Operating Co. has a twelve month low of $1.64 and a twelve month high of $10.58. The company has a market cap of $100.21 million, a price-to-earnings ratio of -0.52 and a beta of 2.16.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler dropped their target price on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings restated 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Prairie Operating currently has an average rating of “Hold” and an average price target of $6.75.

Hedge Funds Weigh In On Prairie Operating

Several hedge funds and other institutional investors have recently bought and sold shares of PROP. ELCO Management Co. LLC purchased a new position in Prairie Operating during the 3rd quarter worth approximately $26,000. Bank of America Corp DE increased its stake in shares of Prairie Operating by 203.8% in the second 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 during the period. Warther Private Wealth LLC acquired a new stake in shares of Prairie Operating in the third quarter worth $31,000. JPMorgan Chase & Co. raised its holdings 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 worth $32,000 after purchasing an additional 8,640 shares during the last quarter. Finally, State of Wyoming acquired a new position in Prairie Operating during the second quarter valued at $32,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.