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

Shares of Prairie Operating Co. (NASDAQ:PROPGet Free Report) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $6.10.

Several research firms have weighed in on PROP. Zacks Research cut Prairie Operating from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. William Blair set a $3.50 price target on shares of Prairie Operating in a research note on Tuesday, March 3rd.

Read Our Latest Research Report on Prairie Operating

Prairie Operating Stock Performance

NASDAQ:PROP opened at $1.26 on Friday. The stock has a 50 day simple moving average of $1.67 and a 200 day simple moving average of $1.76. The stock has a market cap of $96.48 million, a P/E ratio of -0.37 and a beta of 1.34. Prairie Operating has a 1-year low of $1.13 and a 1-year high of $4.80. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 2.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PROP. Engineers Gate Manager LP bought a new position in shares of Prairie Operating during the fourth quarter worth approximately $25,000. ELCO Management Co. LLC bought a new stake in shares of Prairie Operating in the third quarter valued at approximately $26,000. Retirement Planning Group LLC acquired a new stake in Prairie Operating during the fourth quarter worth approximately $29,000. Bank of America Corp DE grew its position in Prairie Operating by 203.8% during 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. Finally, Warther Private Wealth LLC bought a new position in Prairie Operating during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Prairie Operating Company Profile

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Analyst Recommendations for Prairie Operating (NASDAQ:PROP)

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