Key Points
- Nominees Pty Ltd Atf Narrogal purchased 270,431 shares of Prairie Operating (NASDAQ:PROP) on Dec. 12 at $1.71 each for $462,437.01, bringing its direct stake to 14,143,279 shares (about $24.19M) — a 1.95% increase — in a transaction disclosed to the SEC.
- The investor has been steadily accumulating shares across November–December with several large buys (notably 850,000 shares on Dec. 15 at $1.69 and 800,000 on Nov. 20 at $1.71), indicating a meaningful increase in insider ownership.
- Prairie Operating trades near its 52‑week low (~$1.67) with a market cap of about $99.6M, a consensus analyst rating of Hold (target $6.75), and mixed fundamentals including a negative P/E and high debt-to-equity.
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal purchased 42,781 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $1.71 per share, with a total value of $73,155.51. Following the purchase, the insider directly owned 13,872,848 shares in the company, valued at approximately $23,722,570.08. The trade was a 0.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares 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 stock was bought at an average cost 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, for a total transaction of $462,437.01.
- On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal purchased 200 shares of Prairie Operating stock. The shares were bought at an average price 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, for a total transaction of $86,000.00.
- On Monday, November 24th, Nominees Pty Ltd Atf Narrogal acquired 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 stock was 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 purchased 800,000 shares of Prairie Operating stock. The shares were purchased 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 acquired 199,271 shares of Prairie Operating stock. The stock was purchased 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 bought 131,814 shares of Prairie Operating stock. The shares were purchased at an average cost of $1.75 per share, for a total transaction of $230,674.50.
- On Monday, November 17th, Nominees Pty Ltd Atf Narrogal bought 168,897 shares of Prairie Operating stock. The stock was acquired at an average price of $1.75 per share, for a total transaction of $295,569.75.
Prairie Operating Stock Performance
Shares of PROP opened at $1.67 on Tuesday. The stock has a 50 day moving average of $1.83 and a 200 day moving average of $2.61. The company has a market capitalization of $99.62 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 company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 4.11.
Institutional Investors Weigh In On Prairie Operating
Several large investors have recently added to or reduced their stakes in the company. Navigation Wealth Management Inc. lifted its holdings in Prairie Operating by 13.6% during the second quarter. Navigation Wealth Management Inc. now owns 25,007 shares of the company's stock valued at $75,000 after purchasing an additional 3,000 shares during the last quarter. Bank of America Corp DE lifted 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 valued at $29,000 after buying an additional 6,582 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Prairie Operating by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company's stock worth $2,533,000 after buying an additional 7,042 shares during the period. FNY Investment Advisers LLC grew its stake in Prairie Operating by 92.2% in the 2nd quarter. FNY Investment Advisers LLC now owns 15,376 shares of the company's stock valued at $46,000 after buying an additional 7,376 shares in the last quarter. Finally, Squarepoint Ops LLC grew its stake in Prairie Operating by 9.3% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 34.28% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently commented on PROP. Weiss Ratings reiterated a "sell (d)" rating on shares of Prairie Operating in a research note on Monday, December 8th. Piper Sandler decreased their price objective on shares of Prairie Operating to $2.00 and set a "neutral" rating for the company in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.75.
View Our Latest Analysis on Prairie Operating
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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