Prairie Operating (NASDAQ:PROP) Major Shareholder Nominees Pty Ltd Atf Narrogal Acquires 236,977 Shares

Prairie Operating Co. (NASDAQ:PROP) major shareholder Nominees Pty Ltd Atf Narrogal acquired 236,977 shares of Prairie Operating stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $1.69 per share, with a total value of $400,491.13. Following the purchase, the insider owned 13,776,036 shares of the company’s stock, valued at $23,281,500.84. The trade was a 1.75% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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, 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, for a total transaction of $1,368,000.00.
• On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal bought 199,271 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.72 per share, for a total transaction of $342,746.12.
• On Tuesday, November 18th, Nominees Pty Ltd Atf Narrogal purchased 131,814 shares of Prairie Operating stock. The shares were acquired at an average price of $1.75 per share, with a total value 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, for a total transaction of $295,569.75.
• On Friday, November 14th, Nominees Pty Ltd Atf Narrogal bought 199,463 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.73 per share, with a total value of $345,070.99.

Prairie Operating Stock Performance

NASDAQ PROP opened at $1.77 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 4.11. Prairie Operating Co. has a 52-week low of $1.64 and a 52-week high of $10.58. The business’s 50-day moving average price is $1.89 and its 200 day moving average price is $2.84. The firm has a market cap of $105.58 million, a P/E ratio of -0.55 and a beta of 2.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PROP. Millennium Management LLC purchased a new position in Prairie Operating in the third quarter worth $82,000. Centiva Capital LP acquired a new position in shares of Prairie Operating during the 3rd quarter worth $60,000. Alliancebernstein L.P. increased its holdings in shares of Prairie Operating by 52.1% in the 3rd quarter. Alliancebernstein L.P. now owns 39,100 shares of the company’s stock valued at $78,000 after purchasing an additional 13,400 shares in the last quarter. Warther Private Wealth LLC acquired a new stake in shares of Prairie Operating in the third quarter valued at about $31,000. Finally, Raymond James Financial Inc. boosted its holdings in Prairie Operating by 14.3% during the third quarter. Raymond James Financial Inc. now owns 119,346 shares of the company’s stock worth $237,000 after buying an additional 14,932 shares in the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PROP shares. Wall Street Zen upgraded Prairie Operating from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Prairie Operating in a research report on Tuesday, October 14th. Finally, Piper Sandler cut their price objective on shares of Prairie Operating to $2.00 and set a “neutral” rating for the company 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.75.

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.