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

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 70,795 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average price of $1.68 per share, with a total value of $118,935.60. Following the completion of the purchase, the insider directly owned 15,150,096 shares in the company, valued at $25,452,161.28. The trade was a 0.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Thursday, December 18th, Nominees Pty Ltd Atf Narrogal purchased 36,701 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.68 per share, for a total transaction of $61,657.68.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal acquired 86,022 shares of Prairie Operating stock. The stock was 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 acquired 850,000 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.69 per share, with a total value 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 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 purchased 42,781 shares of Prairie Operating stock. The shares were 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 acquired 200 shares of Prairie Operating stock. The shares were bought at an average cost of $1.71 per share, with a total value of $342.00.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 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.
• On Monday, November 24th, Nominees Pty Ltd Atf Narrogal bought 3,831 shares of Prairie Operating stock. The shares were bought at an average price of $1.70 per share, with a total value of $6,512.70.
• On Friday, November 21st, Nominees Pty Ltd Atf Narrogal bought 236,977 shares of Prairie Operating stock. The shares were 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 stock was bought at an average price of $1.71 per share, for a total transaction of $1,368,000.00.

Prairie Operating Price Performance

Prairie Operating stock opened at $1.68 on Friday. The company’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $2.57. 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 stock has a market cap of $100.21 million, a P/E ratio of -0.52 and a beta of 2.16. Prairie Operating Co. has a twelve month low of $1.64 and a twelve month high of $10.58.

Hedge Funds Weigh In On Prairie Operating

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hodges Capital Management Inc. bought a new stake in shares of Prairie Operating during the 1st quarter valued at $2,943,000. Wellington Management Group LLP acquired a new position in Prairie Operating in the first quarter valued at about $97,000. Brave Asset Management Inc. bought a new stake in Prairie Operating during the second quarter worth about $60,000. Rockefeller Capital Management L.P. grew its stake in Prairie Operating by 22.8% during the second quarter. Rockefeller Capital Management L.P. now owns 173,151 shares of the company’s stock worth $519,000 after buying an additional 32,145 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in Prairie Operating during the second quarter worth about $51,000. 34.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on PROP. Piper Sandler decreased their price objective on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Prairie Operating currently has a consensus rating of “Hold” and an average price target 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.