Nominees Pty Ltd Atf Narrogal Purchases 86,022 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal bought 86,022 shares of Prairie Operating stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $1.68 per share, for a total transaction of $144,516.96. Following the completion of the acquisition, the insider directly owned 15,079,301 shares in the company, valued at approximately $25,333,225.68. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% 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 Thursday, December 18th, Nominees Pty Ltd Atf Narrogal purchased 36,701 shares of Prairie Operating stock. The shares were acquired 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 acquired 70,795 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.68 per share, for a total transaction of $118,935.60.
• On Monday, December 15th, Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of Prairie Operating stock. The stock was bought at an average price of $1.69 per share, with a total value of $1,436,500.00.
• On Friday, December 12th, Nominees Pty Ltd Atf Narrogal bought 270,431 shares of Prairie Operating stock. The shares were 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 bought 42,781 shares of Prairie Operating stock. The shares were bought 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 purchased 200 shares of Prairie Operating stock. The stock was 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 acquired 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 bought 3,831 shares of Prairie Operating stock. The stock was bought at an average price of $1.70 per share, for a total transaction 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, with a total value of $400,491.13.
• On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal acquired 800,000 shares of Prairie Operating stock. The shares were purchased at an average price of $1.71 per share, with a total value of $1,368,000.00.

Prairie Operating Stock Performance

PROP traded down $0.01 during trading on Thursday, reaching $1.68. 818,900 shares of the stock traded hands, compared to its average volume of 1,128,639. 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 stock’s 50-day moving average is $1.81 and its 200 day moving average is $2.58. Prairie Operating Co. has a 12 month low of $1.64 and a 12 month high of $10.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PROP shares. Piper Sandler reduced their price target on shares of Prairie Operating to $2.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Three 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.75.

Hedge Funds Weigh In On Prairie Operating

Several large investors have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. purchased a new stake in Prairie Operating in the 1st quarter valued at $2,943,000. Wellington Management Group LLP purchased a new position in Prairie Operating in the first quarter worth $97,000. Brave Asset Management Inc. bought a new position in Prairie Operating in the 2nd quarter valued at $60,000. Rockefeller Capital Management L.P. increased its position in shares of Prairie Operating by 22.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 173,151 shares of the company’s stock valued at $519,000 after purchasing an additional 32,145 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC bought a new stake in shares of Prairie Operating during the 2nd quarter worth $51,000. Institutional investors own 34.28% of the company’s stock.

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.