Key Points
- Nominees Pty Ltd Atf Narrogal bought 210,981 shares of Prairie Operating at an average price of $1.61 on Dec. 29, raising its direct stake to 15,481,603 shares (≈$24.9M) — the purchase was disclosed in an SEC filing.
- The Dec. 29 trade is part of a larger December accumulation by the same investor, including an 850,000‑share purchase on Dec. 15, signaling notable insider buying activity.
- Prairie shares opened at $1.83 (up 8.3%), the company has a market cap of about $109M and a one‑year range of $1.57–$10.58; institutional investors own ~34.3% and analysts' consensus is a "Hold" with an average price target of $6.75, indicating mixed sentiment.
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) major shareholder Nominees Pty Ltd Atf Narrogal bought 210,981 shares of the company's stock in a transaction on Monday, December 29th. The shares were acquired at an average price of $1.61 per share, with a total value of $339,679.41. Following the transaction, the insider directly owned 15,481,603 shares in the company, valued at approximately $24,925,380.83. The trade was a 1.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 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 acquired 50,000 shares of Prairie Operating stock. The shares were bought at an average cost of $1.68 per share, with a total value of $84,000.00.
- On Friday, December 19th, Nominees Pty Ltd Atf Narrogal acquired 33,825 shares of Prairie Operating stock. The stock was bought at an average price of $1.68 per share, with a total value of $56,826.00.
- On Thursday, December 18th, Nominees Pty Ltd Atf Narrogal acquired 36,701 shares of Prairie Operating stock. The stock was bought 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 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 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 purchased 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 purchased 270,431 shares of Prairie Operating stock. The stock was purchased at an average cost of $1.71 per share, with a total value of $462,437.01.
- On Wednesday, December 10th, Nominees Pty Ltd Atf Narrogal acquired 42,781 shares of Prairie Operating stock. The stock was purchased 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 acquired 200 shares of Prairie Operating stock. The shares were acquired at an average cost of $1.71 per share, for a total transaction of $342.00.
- On Thursday, November 20th, Nominees Pty Ltd Atf Narrogal bought 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.
Prairie Operating Stock Up 8.3%
Shares of Prairie Operating stock opened at $1.83 on Friday. Prairie Operating Co. has a 1 year low of $1.57 and a 1 year high of $10.58. The business has a 50-day moving average of $1.78 and a two-hundred day moving average of $2.41. The company has a market capitalization of $109.16 million, a P/E ratio of -0.56 and a beta of 2.27. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new stake in Prairie Operating in the 1st quarter valued at $3,678,000. Hodges Capital Management Inc. bought a new position in shares of Prairie Operating in the 1st quarter valued at about $2,943,000. Marshall Wace LLP bought a new position in shares of Prairie Operating in the 2nd quarter valued at about $860,000. Geode Capital Management LLC increased its position in shares of Prairie Operating by 76.2% in the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company's stock valued at $1,981,000 after acquiring an additional 285,934 shares during the last quarter. Finally, FOCUS Wealth Advisors LLC bought a new stake in Prairie Operating during the third quarter worth about $278,000. Institutional investors own 34.28% of the company's stock.
Wall Street Analysts Forecast Growth
PROP has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Prairie Operating to $2.00 and set a "neutral" rating on the stock in a report on Tuesday, October 21st. Weiss Ratings restated a "sell (d)" rating on shares of Prairie Operating in a report on Monday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.75.
Read Our Latest Stock Report on PROP
Prairie Operating Company Profile
(
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.
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