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 business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $1.71 per share, for a total transaction of $73,155.51. Following the completion of the transaction, the insider owned 13,872,848 shares in the company, valued at $23,722,570.08. This trade represents a 0.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major 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 cost of $1.69 per share, with a total value of $1,436,500.00.
• On Friday, December 12th, Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of Prairie Operating stock. The shares were acquired at an average price of $1.71 per share, for a total transaction of $462,437.01.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal acquired 200 shares of Prairie Operating stock. The stock was 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 acquired 50,000 shares of Prairie Operating stock. The stock was bought 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 bought 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 purchased 236,977 shares of Prairie Operating stock. The stock was 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 purchased 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 acquired 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 acquired 131,814 shares of Prairie Operating stock. The stock was 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 bought 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 Trading Down 2.3%

Prairie Operating stock traded down $0.04 during mid-day trading on Monday, hitting $1.67. 2,564,672 shares of the stock were exchanged, compared to its average volume of 1,037,429. The stock has a market capitalization of $99.62 million, a price-to-earnings ratio of -0.52 and a beta of 2.16. Prairie Operating Co. has a 12 month low of $1.64 and a 12 month 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 firm’s fifty day simple moving average is $1.83 and its two-hundred day simple moving average is $2.61.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PROP. Vanguard Group Inc. increased its stake in Prairie Operating by 0.6% in the third 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 in the last quarter. Woodline Partners LP acquired a new position in shares of Prairie Operating during the first quarter valued at about $3,678,000. Geode Capital Management LLC boosted its position in shares of Prairie Operating by 76.2% during 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 shares of Prairie Operating in the 1st quarter valued at about $2,943,000. Finally, Marshall Wace LLP acquired a new stake in shares of Prairie Operating in the 2nd quarter valued at about $860,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 8th. Piper Sandler decreased their price target on Prairie Operating to $2.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.