Key Points
- Nominees Pty Ltd Atf Narrogal has been actively accumulating Prairie Operating, buying 70,795 shares on Dec. 17 at $1.68 and several other blocks (including 850,000 on Dec. 15 and 800,000 on Nov. 20), bringing its holdings to 15,150,096 shares valued at about $25.45 million (a reported 0.47% increase in the position).
- Prairie Operating (NASDAQ:PROP) trades around $1.68 with a market cap of ~$100.21 million, a 1‑year range of $1.64–$10.58, and an average analyst target of $6.75 amid mixed ratings (3 Buy, 2 Hold, 1 Sell; consensus: Hold).
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of $1.68 per share, with a total value of $61,657.68. Following the acquisition, the insider directly owned 15,186,797 shares of the company's stock, valued at approximately $25,513,818.96. This trade represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Nominees Pty Ltd Atf Narrogal also recently made the following trade(s):
- On Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal purchased 70,795 shares of Prairie Operating stock. The shares were bought at an average price of $1.68 per share, for a total transaction of $118,935.60.
- On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal acquired 86,022 shares of Prairie Operating stock. The shares were bought at an average price of $1.68 per share, for a total transaction of $144,516.96.
- On Monday, December 15th, Nominees Pty Ltd Atf Narrogal purchased 850,000 shares of Prairie Operating stock. The shares were purchased 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 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 purchased 42,781 shares of Prairie Operating stock. The stock was acquired 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 acquired 200 shares of Prairie Operating stock. The shares were acquired 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 bought 50,000 shares of Prairie Operating stock. The stock was acquired 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 bought 3,831 shares of Prairie Operating stock. The shares were acquired at an average price 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 shares were bought 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 bought 800,000 shares of Prairie Operating stock. The stock was bought at an average price of $1.71 per share, for a total transaction of $1,368,000.00.
Prairie Operating Trading Down 0.6%
Shares of NASDAQ PROP opened at $1.68 on Friday. 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 12 month low of $1.64 and a 12 month high of $10.58. The company has a market cap of $100.21 million, a price-to-earnings ratio of -0.52 and a beta of 2.16. The business has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $2.58.
Institutional Investors Weigh In On Prairie Operating
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Prairie Operating by 203.8% in 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. State of Wyoming acquired a new position in shares of Prairie Operating during the 2nd quarter worth $32,000. XTX Topco Ltd bought a new stake in Prairie Operating in the second quarter worth $32,000. JPMorgan Chase & Co. lifted its position in shares of Prairie Operating by 411.4% in the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company's stock worth $32,000 after buying an additional 8,640 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of Prairie Operating during the 1st quarter valued at about $59,000. 34.28% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on PROP shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Prairie Operating in a research report on Monday. Piper Sandler lowered their price target on Prairie Operating to $2.00 and set a "neutral" rating on the stock 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, Prairie Operating currently has an average rating of "Hold" and an average price target of $6.75.
Get Our Latest Stock 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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