Prairie Operating (NASDAQ:PROP) Major Shareholder Buys $1,436,500.00 in Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 850,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of $1.69 per share, with a total value of $1,436,500.00. Following the completion of the transaction, the insider owned 14,993,279 shares in the company, valued at approximately $25,338,641.51. This trade represents a 6.01% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 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 Friday, December 12th, Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of Prairie Operating stock. The stock was bought at an average cost of $1.71 per share, with a total value of $462,437.01.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal acquired 42,781 shares of Prairie Operating stock. The shares were purchased at an average price of $1.71 per share, for a total transaction of $73,155.51.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal bought 200 shares of Prairie Operating stock. The stock was purchased 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 bought 50,000 shares of Prairie Operating stock. The stock was 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 purchased 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 purchased 236,977 shares of Prairie Operating stock. The shares were 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 acquired 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 bought 199,271 shares of Prairie Operating stock. The shares were acquired 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 bought 131,814 shares of Prairie Operating stock. The stock was acquired 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 acquired at an average price of $1.75 per share, for a total transaction of $295,569.75.

Prairie Operating Price Performance

Prairie Operating stock traded down $0.04 during midday trading on Monday, reaching $1.67. The company’s stock had a trading volume of 2,564,672 shares, compared to its average volume of 1,037,429. The stock has a market cap of $99.62 million, a PE ratio of -0.52 and a beta of 2.16. The company has a current ratio of 0.83, a quick ratio of 0.80 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. The business has a 50-day moving average price of $1.83 and a 200-day moving average price of $2.61.

Institutional Trading of Prairie Operating

Several institutional investors have recently modified their holdings of PROP. Wellington Management Group LLP acquired a new stake in Prairie Operating in the first quarter valued at $97,000. Woodline Partners LP acquired a new position in Prairie Operating during the 1st quarter worth about $3,678,000. SageView Advisory Group LLC bought a new stake in shares of Prairie Operating in the 1st quarter valued at about $59,000. Hodges Capital Management Inc. acquired a new stake in shares of Prairie Operating in the first quarter valued at about $2,943,000. Finally, Navigation Wealth Management Inc. increased its stake in shares of Prairie Operating by 13.6% in the second quarter. Navigation Wealth Management Inc. now owns 25,007 shares of the company’s stock valued at $75,000 after buying an additional 3,000 shares during the period. Institutional investors own 34.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on PROP shares. Piper Sandler dropped their price objective on shares of 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 report on Monday, December 8th. Three equities 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 MarketBeat.com, Prairie Operating presently has a consensus 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.