Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Buys 42,781 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 42,781 shares of Prairie Operating stock in a transaction on Wednesday, December 10th. The shares were acquired at an average cost of $1.71 per share, for a total transaction of $73,155.51. Following the completion of the acquisition, the insider directly owned 13,872,848 shares in the company, valued at approximately $23,722,570.08. The trade was a 0.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 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 acquired 270,431 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.71 per share, for a total transaction of $462,437.01.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal bought 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 bought 50,000 shares of Prairie Operating stock. The shares were 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 stock was bought 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 bought 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 bought 800,000 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.71 per share, with a total value of $1,368,000.00.
• On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal purchased 199,271 shares of Prairie Operating stock. The shares were purchased at an average price of $1.72 per share, with a total value of $342,746.12.
• On Tuesday, November 18th, Nominees Pty Ltd Atf Narrogal purchased 131,814 shares of Prairie Operating stock. The stock was purchased 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 acquired 168,897 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.75 per share, for a total transaction of $295,569.75.

Prairie Operating Price Performance

Shares of NASDAQ PROP opened at $1.67 on Tuesday. The company has a market capitalization of $99.62 million, a PE ratio of -0.52 and a beta of 2.16. 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 firm has a fifty day simple moving average of $1.83 and a 200 day simple moving average of $2.61.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PROP shares. Piper Sandler lowered their price objective on Prairie Operating to $2.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Prairie Operating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Prairie Operating presently has a consensus rating of “Hold” and an average price target of $6.75.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Prairie Operating by 0.6% in the third 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 acquired a new position in shares of Prairie Operating during the first quarter worth approximately $3,678,000. Geode Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Hodges Capital Management Inc. acquired a new stake in Prairie Operating in the 1st quarter valued at $2,943,000. Finally, Marshall Wace LLP acquired a new stake in Prairie Operating in the 2nd quarter valued at $860,000. 34.28% of the stock is owned by institutional investors and hedge funds.

About Prairie Operating

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.