Nominees Pty Ltd Atf Narrogal Acquires 36,701 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 36,701 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of $1.68 per share, with a total value of $61,657.68. Following the transaction, the insider directly owned 15,186,797 shares of the company’s stock, valued at approximately $25,513,818.96. This trade represents a 0.24% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal purchased 70,795 shares of Prairie Operating stock. The stock was acquired at an average price of $1.68 per share, for a total transaction of $118,935.60.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal acquired 86,022 shares of Prairie Operating stock. The shares were acquired at an average price of $1.68 per share, with a total value of $144,516.96.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.69 per share, for a total transaction 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 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, with a total value of $73,155.51.
• On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal bought 200 shares of Prairie Operating stock. The shares were bought 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 purchased 50,000 shares of Prairie Operating stock. The stock was bought 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 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 acquired 236,977 shares of Prairie Operating stock. The stock was 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 bought 800,000 shares of Prairie Operating stock. The shares were bought at an average cost of $1.71 per share, for a total transaction of $1,368,000.00.

Prairie Operating Stock Performance

Prairie Operating stock opened at $1.68 on Friday. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.80 and a current ratio of 0.83. The company has a market capitalization of $100.21 million, a PE ratio of -0.52 and a beta of 2.16. The company has a 50 day moving average price of $1.81 and a 200-day moving average price of $2.57. Prairie Operating Co. has a fifty-two week low of $1.64 and a fifty-two week high of $10.58.

Hedge Funds Weigh In On Prairie Operating

A number of large investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new stake in shares of Prairie Operating during the 1st quarter valued at $97,000. Woodline Partners LP acquired a new position in Prairie Operating during the 1st quarter valued at about $3,678,000. SageView Advisory Group LLC purchased a new stake in Prairie Operating in the first quarter valued at about $59,000. Hodges Capital Management Inc. acquired a new stake in Prairie Operating in the first quarter worth about $2,943,000. Finally, Navigation Wealth Management Inc. boosted its holdings in Prairie Operating by 13.6% in the second quarter. Navigation Wealth Management Inc. now owns 25,007 shares of the company’s stock worth $75,000 after acquiring an additional 3,000 shares in the last quarter. 34.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PROP has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Piper Sandler dropped 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. 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 presently has a consensus rating of “Hold” and an average price target of $6.75.

About Prairie Operating

Prairie Operating (NASDAQ: PROP) is a publicly traded independent exploration and production company focused on the acquisition, development and operation of onshore oil and natural gas properties in the United States. The firm seeks to identify and capitalize on undervalued or overlooked assets, applying a disciplined approach to drilling, completion and production optimization. By concentrating on core resource plays, Prairie Operating aims to deliver steady production growth and free cash flow.

The company’s asset base is concentrated in the Permian Basin region of West Texas and southeastern New Mexico, where it holds working interests in both conventional and unconventional reservoirs.