Prairie Operating (NASDAQ:PROP) Major Shareholder Buys $86,000.00 in Stock

by · The Cerbat Gem

Prairie Operating Co. (NASDAQ:PROP – Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $1.72 per share, for a total transaction of $86,000.00. Following the purchase, the insider directly owned 13,829,867 shares in the company, valued at $23,787,371.24. This trade represents a 0.36% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through 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 Monday, December 15th, Nominees Pty Ltd Atf Narrogal bought 850,000 shares of Prairie Operating stock. The shares were bought 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 purchased 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 acquired 42,781 shares of Prairie Operating stock. The shares were purchased at an average price 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 price of $1.71 per share, with a total value of $342.00.
  • On Monday, November 24th, Nominees Pty Ltd Atf Narrogal purchased 3,831 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.70 per share, for a total transaction of $6,512.70.
  • On Friday, November 21st, Nominees Pty Ltd Atf Narrogal bought 236,977 shares of Prairie Operating stock. The shares were acquired at an average price of $1.69 per share, for a total transaction of $400,491.13.
  • On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 800,000 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.71 per share, with a total value of $1,368,000.00.
  • On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal acquired 199,271 shares of Prairie Operating stock. The shares were 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 acquired 131,814 shares of Prairie Operating stock. The stock was acquired at an average cost of $1.75 per share, with a total value of $230,674.50.
  • On Monday, November 17th, Nominees Pty Ltd Atf Narrogal bought 168,897 shares of Prairie Operating stock. The shares were bought at an average cost of $1.75 per share, for a total transaction of $295,569.75.

Prairie Operating Trading Up 0.6%

PROP opened at $1.69 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 4.11. The firm has a market cap of $100.81 million, a price-to-earnings ratio of -0.52 and a beta of 2.16. Prairie Operating Co. has a 12 month low of $1.64 and a 12 month high of $10.58. The stock has a fifty day moving average price of $1.82 and a 200-day moving average price of $2.59.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PROP. Weiss Ratings reiterated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday. Piper Sandler cut their price target on shares of Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.75.

Read Our Latest Report on Prairie Operating

Institutional Trading of Prairie Operating

Several large investors have recently made changes to their positions in the business. Navigation Wealth Management Inc. lifted 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 valued at $75,000 after acquiring an additional 3,000 shares during the period. Bank of America Corp DE increased its holdings 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 purchasing an additional 6,582 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Prairie Operating by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock valued at $2,533,000 after purchasing an additional 7,042 shares during the period. FNY Investment Advisers LLC boosted its holdings in Prairie Operating by 92.2% during the second quarter. FNY Investment Advisers LLC now owns 15,376 shares of the company’s stock worth $46,000 after buying an additional 7,376 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in Prairie Operating by 9.3% during the third quarter. Squarepoint Ops LLC now owns 100,607 shares of the company’s stock valued at $200,000 after buying an additional 8,572 shares during the period. 34.28% of the stock is owned by hedge funds and other institutional investors.

About Prairie Operating

(Get Free Report)

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.

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