Nominees Pty Ltd Atf Narrogal Acquires 42,781 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 42,781 shares of the stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $1.71 per share, for a total transaction of $73,155.51. Following the completion of the transaction, the insider directly owned 13,872,848 shares of the company’s stock, valued at $23,722,570.08. This trade represents 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 through the SEC website. Large shareholders that own more than 10% of a company’s shares 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 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 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 acquired 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 stock was acquired 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 purchased 3,831 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.70 per share, for a total transaction 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 cost of $1.69 per share, with a total value of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 800,000 shares of Prairie Operating stock. The stock was 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 bought 199,271 shares of Prairie Operating stock. The stock was bought at an average price of $1.72 per share, for a total transaction of $342,746.12.
• On Tuesday, November 18th, Nominees Pty Ltd Atf Narrogal bought 131,814 shares of Prairie Operating stock. The shares were bought at an average cost 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 cost of $1.75 per share, with a total value of $295,569.75.

Prairie Operating Stock Down 2.3%

NASDAQ:PROP traded down $0.04 during trading hours on Monday, hitting $1.67. 2,564,672 shares of the company traded hands, compared to its average volume of 1,037,429. Prairie Operating Co. has a one year low of $1.64 and a one year high of $10.58. 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 company has a market cap of $99.62 million, a PE ratio of -0.52 and a beta of 2.16. The firm’s 50-day simple moving average is $1.83 and its 200-day simple moving average is $2.61.

Hedge Funds Weigh In On Prairie Operating

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

Analyst Upgrades and Downgrades

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

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.