Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Acquires 236,977 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal purchased 236,977 shares of the stock in a transaction on Friday, November 21st. The stock was acquired at an average price of $1.69 per share, for a total transaction of $400,491.13. Following the completion of the purchase, the insider directly owned 13,776,036 shares in the company, valued at approximately $23,281,500.84. The trade was a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Nominees Pty Ltd Atf Narrogal also recently made the following trade(s):

• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 800,000 shares of Prairie Operating stock. The shares were acquired at an average price 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 stock was 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 bought 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 shares were bought at an average price of $1.75 per share, for a total transaction of $295,569.75.
• On Friday, November 14th, Nominees Pty Ltd Atf Narrogal purchased 199,463 shares of Prairie Operating stock. The shares were bought at an average cost of $1.73 per share, with a total value of $345,070.99.

Prairie Operating Stock Down 2.0%

PROP stock traded down $0.04 during mid-day trading on Monday, reaching $1.72. The company had a trading volume of 368,596 shares, compared to its average volume of 1,186,159. The company has a market capitalization of $102.30 million, a price-to-earnings ratio of -0.53 and a beta of 2.07. Prairie Operating Co. has a 52 week low of $1.64 and a 52 week high of $10.58. The stock has a 50 day simple moving average of $1.90 and a two-hundred day simple moving average of $2.86. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of Prairie Operating to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. Wall Street Zen raised shares of Prairie Operating from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Prairie Operating in a report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.75.

Hedge Funds Weigh In On Prairie Operating

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ELCO Management Co. LLC acquired a new position in shares of Prairie Operating in the third quarter valued at $26,000. Bank of America Corp DE boosted its holdings 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 worth $29,000 after buying an additional 6,582 shares during the period. Warther Private Wealth LLC bought a new stake in shares of Prairie Operating during the 3rd quarter worth about $31,000. JPMorgan Chase & Co. grew its stake in Prairie Operating by 411.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after buying an additional 8,640 shares during the last quarter. Finally, State of Wyoming bought a new position in Prairie Operating in the 2nd quarter valued at about $32,000. 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.