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

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 270,431 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of $1.71 per share, for a total transaction of $462,437.01. Following the completion of the acquisition, the insider owned 14,143,279 shares of the company’s stock, valued at approximately $24,185,007.09. This represents a 1.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 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 bought at an average price of $1.69 per share, with a total value of $1,436,500.00.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal purchased 42,781 shares of Prairie Operating stock. The stock was bought 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 purchased at an average price of $1.71 per share, for a total transaction of $342.00.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 50,000 shares of Prairie Operating stock. The shares were purchased 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 bought 3,831 shares of Prairie Operating stock. The shares were purchased 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 bought 236,977 shares of Prairie Operating stock. The stock was purchased 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 purchased 800,000 shares of Prairie Operating stock. The stock was purchased 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 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 acquired 131,814 shares of Prairie Operating stock. The stock was purchased at an average cost 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 acquired 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 company has a fifty day simple moving average of $1.83 and a 200-day simple moving average of $2.61. The firm has a market capitalization 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. Prairie Operating Co. has a 52-week low of $1.64 and a 52-week high of $10.58.

Analyst Upgrades and Downgrades

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

Institutional Trading of Prairie Operating

Hedge funds have recently made changes to their positions in the company. Woodline Partners LP purchased a new stake in shares of Prairie Operating during the 1st quarter valued at approximately $3,678,000. Hodges Capital Management Inc. acquired a new stake in Prairie Operating during the first quarter worth $2,943,000. Marshall Wace LLP acquired a new stake in Prairie Operating during the second quarter worth $860,000. Geode Capital Management LLC raised its position in Prairie Operating by 76.2% in the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock valued at $1,981,000 after purchasing an additional 285,934 shares during the period. Finally, FOCUS Wealth Advisors LLC acquired a new position in shares of Prairie Operating in the 3rd quarter valued at $278,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

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.