Prairie Operating (NASDAQ:PROP) Major Shareholder Purchases $462,437.01 in Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of the stock in a transaction dated Friday, December 12th. The shares were purchased at an average cost of $1.71 per share, for a total transaction of $462,437.01. Following the completion of the acquisition, the insider directly owned 14,143,279 shares in the company, valued at approximately $24,185,007.09. This trade represents a 1.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 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 Monday, December 15th, Nominees Pty Ltd Atf Narrogal acquired 850,000 shares of Prairie Operating stock. The shares were purchased at an average price of $1.69 per share, with a total value of $1,436,500.00.
• On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal bought 42,781 shares of Prairie Operating stock. The stock was purchased 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 stock was purchased 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 purchased 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 shares were acquired at an average cost 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 acquired at an average cost 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 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 bought 199,271 shares of Prairie Operating stock. The shares were acquired at an average cost 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 acquired at an average price 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 acquired at an average cost of $1.75 per share, with a total value of $295,569.75.

Prairie Operating Stock Performance

Shares of NASDAQ:PROP traded down $0.04 during midday trading on Monday, hitting $1.67. The company had a trading volume of 2,564,672 shares, compared to its average volume of 1,037,429. Prairie Operating Co. has a 12-month low of $1.64 and a 12-month high of $10.58. The company has a fifty day moving average of $1.83 and a two-hundred day moving average of $2.61. The company has a market cap of $99.62 million, a price-to-earnings ratio of -0.52 and a beta of 2.16. 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 Ratings Changes

Several research firms have recently commented on PROP. Piper Sandler decreased their price objective on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 8th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.75.

Hedge Funds Weigh In On Prairie Operating

Hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP bought a new stake in Prairie Operating during the 1st quarter valued at approximately $97,000. Woodline Partners LP bought a new stake in shares of Prairie Operating during the first quarter valued at approximately $3,678,000. SageView Advisory Group LLC purchased a new position in shares of Prairie Operating in the first quarter worth $59,000. Hodges Capital Management Inc. purchased a new position in shares of Prairie Operating in the first quarter worth $2,943,000. Finally, Navigation Wealth Management Inc. boosted its position in shares of Prairie Operating by 13.6% during 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 during the last quarter. Institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile

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.