Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Acquires 33,825 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 33,825 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were purchased at an average price of $1.68 per share, with a total value of $56,826.00. Following the transaction, the insider directly owned 15,220,622 shares in the company, valued at $25,570,644.96. This represents a 0.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 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 Wednesday, December 24th, Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock. The stock was purchased at an average price of $1.68 per share, for a total transaction of $84,000.00.
• On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.68 per share, with a total value of $61,657.68.
• On Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal bought 70,795 shares of Prairie Operating stock. The stock was purchased at an average price of $1.68 per share, with a total value of $118,935.60.
• On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal bought 86,022 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.68 per share, for a total transaction of $144,516.96.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal purchased 850,000 shares of Prairie Operating stock. The shares were acquired at an average price 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 price 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 stock was acquired at an average cost 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 shares were acquired at an average price 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 acquired 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 stock was acquired at an average cost of $1.70 per share, with a total value of $6,512.70.

Prairie Operating Stock Down 6.5%

Shares of NASDAQ PROP opened at $1.57 on Monday. Prairie Operating Co. has a 12-month low of $1.57 and a 12-month high of $10.58. The firm’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $2.47. 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 company has a market cap of $93.65 million, a price-to-earnings ratio of -0.48 and a beta of 2.16.

Institutional Investors Weigh In On Prairie Operating

Institutional investors and hedge funds have recently modified their holdings of the business. ELCO Management Co. LLC acquired a new position in Prairie Operating in the third quarter valued at approximately $26,000. Bank of America Corp DE raised its position 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 valued at $29,000 after acquiring an additional 6,582 shares during the last quarter. Warther Private Wealth LLC bought a new stake in shares of Prairie Operating during the 3rd quarter valued at $31,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 8,640 shares during the period. Finally, State of Wyoming bought a new position in shares of Prairie Operating in the 2nd quarter worth $32,000. 34.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PROP has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 22nd. Piper Sandler decreased their price objective on 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.75.

Prairie Operating Company Profile

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.