Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Purchases 50,000 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 50,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $1.72 per share, for a total transaction of $86,000.00. Following the completion of the purchase, the insider owned 13,829,867 shares in the company, valued at approximately $23,787,371.24. This trade represents a 0.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal purchased 850,000 shares of Prairie Operating stock. The shares were acquired 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 shares were acquired 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 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 Monday, November 24th, Nominees Pty Ltd Atf Narrogal bought 3,831 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.70 per share, for a total transaction of $6,512.70.
• On Friday, November 21st, Nominees Pty Ltd Atf Narrogal purchased 236,977 shares of Prairie Operating stock. The stock was bought 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 bought at an average price of $1.71 per share, with a total value of $1,368,000.00.
• On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal acquired 199,271 shares of Prairie Operating stock. The shares were bought at an average cost of $1.72 per share, for a total transaction of $342,746.12.
• On Tuesday, November 18th, Nominees Pty Ltd Atf Narrogal acquired 131,814 shares of Prairie Operating stock. The stock was bought at an average price of $1.75 per share, for a total transaction of $230,674.50.
• On Monday, November 17th, Nominees Pty Ltd Atf Narrogal bought 168,897 shares of Prairie Operating stock. The stock was bought at an average price of $1.75 per share, with a total value of $295,569.75.

Prairie Operating Stock Down 2.3%

Shares of NASDAQ:PROP traded down $0.04 during trading on Monday, reaching $1.67. 2,564,672 shares of the company traded hands, compared to its average volume of 1,037,429. Prairie Operating Co. has a 1-year low of $1.64 and a 1-year high of $10.58. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 4.11. The firm has a market cap of $99.62 million, a P/E ratio of -0.52 and a beta of 2.16. The firm has a fifty day simple moving average of $1.83 and a 200 day simple moving average of $2.61.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 8th. Piper Sandler reduced their price target on Prairie Operating to $2.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Prairie Operating presently has an average rating of “Hold” and a consensus price target of $6.75.

Hedge Funds Weigh In On Prairie Operating

Several institutional investors have recently bought and sold shares of PROP. Woodline Partners LP acquired a new stake in shares of Prairie Operating in the first quarter worth about $3,678,000. Hodges Capital Management Inc. bought a new position in shares of Prairie Operating in the 1st quarter valued at approximately $2,943,000. Marshall Wace LLP bought a new position in shares of Prairie Operating in the 2nd quarter valued at approximately $860,000. Geode Capital Management LLC lifted its holdings in Prairie Operating by 76.2% in the 2nd 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 during the last quarter. Finally, FOCUS Wealth Advisors LLC bought a new stake in Prairie Operating during the third quarter worth approximately $278,000. 34.28% of the stock is currently owned by institutional investors.

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.