James W. Wallis Buys 204,422 Shares of Prairie Operating Co. (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) major shareholder James W. Wallis acquired 204,422 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $3.05 per share, for a total transaction of $623,487.10. Following the completion of the transaction, the insider now owns 774,345 shares of the company’s stock, valued at $2,361,752.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Prairie Operating Stock Performance

Shares of PROP stock opened at $9.89 on Friday. Prairie Operating Co. has a 1 year low of $0.32 and a 1 year high of $18.50. The stock’s 50 day simple moving average is $9.26 and its two-hundred day simple moving average is $10.94.

Prairie Operating (NASDAQ:PROP) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.38). As a group, sell-side analysts forecast that Prairie Operating Co. will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Prairie Operating

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers purchased a new stake in Prairie Operating during the second quarter valued at approximately $45,000. Warberg Asset Management LLC bought a new stake in shares of Prairie Operating during the 2nd quarter worth approximately $127,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Prairie Operating during the 2nd quarter worth approximately $208,000. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

About Prairie Operating

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.