Prairie Operating Co. (NASDAQ:PROP) Given Average Recommendation of “Hold” by Analysts

Shares of Prairie Operating Co. (NASDAQ:PROP) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $6.75.

Several analysts recently commented on the company. Zacks Research raised Prairie Operating to a “hold” rating in a report on Thursday, January 1st. Piper Sandler dropped their target price on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 29th.

Insider Transactions at Prairie Operating

In other Prairie Operating news, major shareholder Nominees Pty Ltd Atf Narrogal bought 210,981 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was bought at an average cost of $1.61 per share, for a total transaction of $339,679.41. Following the completion of the transaction, the insider owned 15,481,603 shares of the company’s stock, valued at $24,925,380.83. This represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 3,441,989 shares of company stock worth $5,853,115 in the last three months. Insiders own 15.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PROP. Vanguard Group Inc. grew its position in shares of Prairie Operating by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock valued at $2,533,000 after acquiring an additional 7,042 shares during the period. Woodline Partners LP purchased a new position in Prairie Operating during the first quarter valued at $3,678,000. Geode Capital Management LLC lifted its position in Prairie Operating by 76.2% during the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock valued at $1,981,000 after purchasing an additional 285,934 shares in the last quarter. Marshall Wace LLP bought a new stake in Prairie Operating during the second quarter valued at about $860,000. Finally, Rockefeller Capital Management L.P. increased its position in Prairie Operating by 22.8% in the second quarter. Rockefeller Capital Management L.P. now owns 173,151 shares of the company’s stock worth $519,000 after buying an additional 32,145 shares in the last quarter. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Price Performance

Shares of PROP opened at $1.83 on Friday. The firm has a market cap of $109.16 million, a PE ratio of -0.56 and a beta of 2.27. The company has a current ratio of 0.83, a quick ratio of 0.80 and a debt-to-equity ratio of 4.11. The firm has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $2.25. Prairie Operating has a 1-year low of $1.57 and a 1-year high of $10.58.

About Prairie Operating

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.