Key Points
- Nominees Pty Ltd Atf Narrogal bought 50,000 shares of Prairie Operating (NASDAQ:PROP) on Dec. 24 at $1.68 per share for $84,000, bringing its direct holdings to 15,270,622 shares valued at about $25.65 million (a 0.33% ownership increase).
- The nominee has been actively accumulating shares in November–December with several purchases at roughly $1.68–$1.72, including a notable 850,000‑share buy on Dec. 15 (~$1.44 million), indicating a deliberate stake build-up.
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal bought 33,825 shares of the firm's stock in a transaction on Friday, December 19th. The shares were bought at an average price of $1.68 per share, with a total value of $56,826.00. Following the completion of the purchase, the insider owned 15,220,622 shares in the company, valued at approximately $25,570,644.96. The trade was a 0.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major 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 Wednesday, December 24th, Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock. The stock was purchased at an average price of $1.68 per share, for a total transaction of $84,000.00.
- On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The shares were purchased at an average price of $1.68 per share, with a total value of $61,657.68.
- On Wednesday, December 17th, Nominees Pty Ltd Atf Narrogal bought 70,795 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.68 per share, for a total transaction of $118,935.60.
- On Tuesday, December 16th, Nominees Pty Ltd Atf Narrogal bought 86,022 shares of Prairie Operating stock. The stock was purchased at an average cost 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 acquired 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 acquired 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 bought 42,781 shares of Prairie Operating stock. The shares were acquired at an average price of $1.71 per share, with a total value of $73,155.51.
- On Tuesday, December 9th, Nominees Pty Ltd Atf Narrogal bought 200 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.71 per share, with a total value of $342.00.
- On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal purchased 50,000 shares of Prairie Operating stock. The shares were 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 acquired 3,831 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.70 per share, with a total value of $6,512.70.
Prairie Operating Price Performance
Shares of Prairie Operating stock opened at $1.78 on Tuesday. The stock has a market cap of $106.18 million, a P/E ratio of -0.55 and a beta of 2.16. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.80 and a current ratio of 0.83. The stock's fifty day moving average is $1.80 and its 200 day moving average is $2.45. Prairie Operating Co. has a one year low of $1.57 and a one year high of $10.58.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Prairie Operating in a research note on Monday, December 22nd. Piper Sandler lowered their price target on shares of Prairie Operating to $2.00 and set a "neutral" rating on the stock in a report on Tuesday, October 21st. Three equities 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. According to data from MarketBeat, Prairie Operating presently has an average rating of "Hold" and an average price target of $6.75.
Read Our Latest Report on Prairie Operating
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. ELCO Management Co. LLC bought a new position in Prairie Operating in the 3rd quarter worth approximately $26,000. Bank of America Corp DE lifted its holdings in shares of Prairie Operating by 203.8% in the second quarter. Bank of America Corp DE now owns 9,812 shares of the company's stock worth $29,000 after buying an additional 6,582 shares in the last quarter. Warther Private Wealth LLC bought a new position in shares of Prairie Operating during the third quarter worth $31,000. JPMorgan Chase & Co. grew its stake in 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 in the last quarter. Finally, State of Wyoming purchased a new position in Prairie Operating during the second quarter valued at $32,000. 34.28% of the stock is owned by hedge funds and other institutional investors.
About Prairie Operating
(
Get Free Report)
Prairie Operating (NASDAQ: PROP) is a publicly traded independent exploration and production company focused on the acquisition, development and operation of onshore oil and natural gas properties in the United States. The firm seeks to identify and capitalize on undervalued or overlooked assets, applying a disciplined approach to drilling, completion and production optimization. By concentrating on core resource plays, Prairie Operating aims to deliver steady production growth and free cash flow.
The company's asset base is concentrated in the Permian Basin region of West Texas and southeastern New Mexico, where it holds working interests in both conventional and unconventional reservoirs.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
