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

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $1.69 per share, for a total transaction of $1,436,500.00. Following the transaction, the insider owned 14,993,279 shares of the company’s stock, valued at approximately $25,338,641.51. The trade was a 6.01% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, December 12th, Nominees Pty Ltd Atf Narrogal bought 270,431 shares of Prairie Operating stock. The shares were acquired 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 bought 42,781 shares of Prairie Operating stock. The shares were acquired 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 purchased 200 shares of Prairie Operating stock. The stock was bought 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 purchased 50,000 shares of Prairie Operating stock. The shares were 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 acquired 3,831 shares of Prairie Operating stock. The shares were bought at an average price 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 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 bought 800,000 shares of Prairie Operating stock. The shares were 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 purchased 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 purchased 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 acquired 168,897 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.75 per share, with a total value of $295,569.75.

Prairie Operating Stock Performance

NASDAQ:PROP opened at $1.69 on Thursday. The company has a market capitalization of $100.81 million, a P/E ratio of -0.52 and a beta of 2.16. The business has a fifty day simple moving average of $1.82 and a two-hundred day simple moving average of $2.59. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80. Prairie Operating Co. has a 1 year low of $1.64 and a 1 year high of $10.58.

Institutional Investors Weigh In On Prairie Operating

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ELCO Management Co. LLC bought a new position in shares of Prairie Operating in the third quarter valued at approximately $26,000. Bank of America Corp DE lifted its stake in Prairie Operating by 203.8% in the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock worth $29,000 after purchasing an additional 6,582 shares in the last quarter. Warther Private Wealth LLC bought a new position in Prairie Operating in the 3rd quarter valued at $31,000. JPMorgan Chase & Co. grew its position in shares of Prairie Operating by 411.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after purchasing an additional 8,640 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Prairie Operating in the second quarter worth $32,000. 34.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Piper Sandler lowered their price target on shares of Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Three 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.