Key Points
- Nominees Pty Ltd Atf Narrogal purchased a total of about 1,736,422 shares of Prairie Operating across six trades from Nov 14–21, spending roughly $2.98 million and raising its direct holding to 12,539,788 shares, a 1.06% ownership increase.
- Prairie Operating (NASDAQ:PROP) shares opened at $1.77 (up ~1.1%), the company has a market cap of about $105.6M and a 12‑month range of $1.64–$10.58, while analysts’ consensus rating is Hold with a $6.75 price target.
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal bought 131,814 shares of the business's stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average cost of $1.75 per share, for a total transaction of $230,674.50. Following the completion of the acquisition, the insider directly owned 12,539,788 shares in the company, valued at approximately $21,944,629. This trade represents a 1.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Friday, November 21st, Nominees Pty Ltd Atf Narrogal purchased 236,977 shares of Prairie Operating stock. The shares were acquired 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 acquired at an average cost of $1.71 per share, for a total transaction of $1,368,000.00.
- On Wednesday, November 19th, Nominees Pty Ltd Atf Narrogal acquired 199,271 shares of Prairie Operating stock. The stock was acquired at an average price of $1.72 per share, for a total transaction of $342,746.12.
- On Monday, November 17th, Nominees Pty Ltd Atf Narrogal purchased 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.
- On Friday, November 14th, Nominees Pty Ltd Atf Narrogal purchased 199,463 shares of Prairie Operating stock. The stock was bought at an average price of $1.73 per share, for a total transaction of $345,070.99.
Prairie Operating Stock Up 1.1%
Prairie Operating stock opened at $1.77 on Tuesday. Prairie Operating Co. has a twelve month low of $1.64 and a twelve month high of $10.58. The stock has a 50 day moving average of $1.89 and a two-hundred day moving average of $2.84. 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 stock has a market capitalization of $105.58 million, a price-to-earnings ratio of -0.55 and a beta of 2.07.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Wall Street Zen raised Prairie Operating from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Piper Sandler reduced 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. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Prairie Operating in a report on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Prairie Operating has an average rating of "Hold" and a consensus price target of $6.75.
Read Our Latest Analysis on Prairie Operating
Institutional Trading of Prairie Operating
Several institutional investors and hedge funds have recently modified their holdings of PROP. Bank of America Corp DE increased its stake 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 worth $29,000 after purchasing an additional 6,582 shares in the last quarter. State of Wyoming acquired a new position in shares of Prairie Operating in the second quarter worth $32,000. XTX Topco Ltd purchased a new stake in shares of Prairie Operating in the second quarter valued at $32,000. JPMorgan Chase & Co. boosted its stake in shares of Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company's stock valued at $32,000 after acquiring an additional 8,640 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in Prairie Operating in the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 34.28% of the company's stock.
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.
Further Reading
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