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

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 13,829,867 shares in the company, valued at approximately $23,787,371.24. The trade was a 0.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of Prairie Operating stock. The shares were 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 acquired at an average price of $1.71 per share, with a total value of $462,437.01.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal purchased 42,781 shares of Prairie Operating stock. The stock was acquired 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 acquired 200 shares of Prairie Operating stock. The stock was acquired at an average price of $1.71 per share, with a total value of $342.00.
• 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, 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 price of $1.69 per share, with a total value of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal bought 800,000 shares of Prairie Operating stock. The shares were bought 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 stock was purchased 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 purchased at an average price of $1.75 per share, with a total value of $230,674.50.
• On Monday, November 17th, Nominees Pty Ltd Atf Narrogal bought 168,897 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.75 per share, for a total transaction of $295,569.75.

Prairie Operating Price Performance

Prairie Operating stock opened at $1.67 on Tuesday. The business has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $2.61. Prairie Operating Co. has a 52 week low of $1.64 and a 52 week high of $10.58. The stock has a market cap of $99.62 million, a price-to-earnings 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.

Institutional Investors Weigh In On Prairie Operating

Several large investors have recently bought and sold shares of the business. ELCO Management Co. LLC bought a new position in Prairie Operating during the 3rd quarter valued at about $26,000. Bank of America Corp DE grew its position in Prairie Operating by 203.8% in the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock worth $29,000 after purchasing an additional 6,582 shares during the period. Warther Private Wealth LLC purchased a new position in shares of Prairie Operating in the third quarter worth approximately $31,000. JPMorgan Chase & Co. raised its holdings in Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after acquiring an additional 8,640 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Prairie Operating in the second quarter worth about $32,000. 34.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a report on Monday, December 8th. Piper Sandler decreased their price objective on shares of Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Three 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 stock. According to data from MarketBeat, Prairie Operating has a consensus rating of “Hold” and a consensus target price of $6.75.

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.