Nominees Pty Ltd Atf Narrogal Buys 270,431 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of the business’s stock in a transaction on Friday, December 12th. The stock was acquired at an average price of $1.71 per share, with a total value of $462,437.01. Following the purchase, the insider directly owned 14,143,279 shares in the company, valued at $24,185,007.09. This represents a 1.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major 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 Monday, December 15th, Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of Prairie Operating stock. The stock was acquired at an average price of $1.69 per share, for a total transaction of $1,436,500.00.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal bought 42,781 shares of Prairie Operating stock. The shares were acquired at an average price 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 Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock. The stock was acquired 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 acquired 3,831 shares of Prairie Operating stock. The shares were 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 shares were bought at an average price 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 stock was bought at an average cost of $1.71 per share, for a total transaction of $1,368,000.00.
• On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal bought 199,271 shares of Prairie Operating stock. The shares were bought 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 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 purchased 168,897 shares of Prairie Operating stock. The stock was bought at an average price of $1.75 per share, for a total transaction of $295,569.75.

Prairie Operating Stock Up 0.6%

PROP opened at $1.68 on Wednesday. The company has a market capitalization of $100.21 million, a PE ratio of -0.52 and a beta of 2.16. The firm has a 50-day simple moving average of $1.83 and a two-hundred day simple moving average of $2.59. 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 52 week low of $1.64 and a 52 week high of $10.58.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PROP. Piper Sandler dropped their price target on Prairie Operating to $2.00 and set a “neutral” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Prairie Operating in a research report on Monday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Prairie Operating currently has a consensus rating of “Hold” and an average price target of $6.75.

Institutional Investors Weigh In On Prairie Operating

Several large investors have recently added to or reduced their stakes in PROP. Vanguard Group Inc. lifted its stake in shares of Prairie Operating by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock valued at $2,533,000 after purchasing an additional 7,042 shares during the last quarter. Woodline Partners LP bought a new stake in Prairie Operating in the first quarter worth $3,678,000. Geode Capital Management LLC increased its position in Prairie Operating by 76.2% during the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock valued at $1,981,000 after acquiring an additional 285,934 shares during the last quarter. Hodges Capital Management Inc. bought a new position in Prairie Operating during the first quarter valued at $2,943,000. Finally, Marshall Wace LLP purchased a new stake in shares of Prairie Operating in the second quarter valued at $860,000. 34.28% of the stock is owned by institutional investors.

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.