Insider Buying: Prairie Operating (NASDAQ:PROP) Director Buys $12,600.00 in Stock

Prairie Operating Co. (NASDAQ:PROP) Director Richard Frommer bought 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average cost of $0.45 per share, for a total transaction of $12,600.00. Following the completion of the acquisition, the director owned 333,372 shares in the company, valued at $150,017.40. This trade represents a 9.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Prairie Operating Price Performance

NASDAQ PROP opened at $0.38 on Monday. The business’s fifty day moving average is $0.56 and its 200 day moving average is $0.91. Prairie Operating Co. has a fifty-two week low of $0.37 and a fifty-two week high of $2.55. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.23 and a current ratio of 0.25. The company has a market capitalization of $42.40 million, a PE ratio of -0.18 and a beta of 1.23.

Prairie Operating (NASDAQ:PROP) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.21. Prairie Operating had a positive return on equity of 46.53% and a negative net margin of 13.02%.The business had revenue of $98.86 million during the quarter. Sell-side analysts predict that Prairie Operating Co. will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in Prairie Operating by 315.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 49,376 shares of the company’s stock worth $83,000 after purchasing an additional 37,494 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Prairie Operating during the first quarter valued at approximately $102,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Prairie Operating by 330.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 53,880 shares of the company’s stock valued at $39,000 after buying an additional 41,374 shares during the last quarter. Aristides Capital LLC purchased a new position in shares of Prairie Operating in the fourth quarter worth $135,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Prairie Operating by 300.2% in the first quarter. Cetera Investment Advisers now owns 81,031 shares of the company’s stock worth $164,000 after buying an additional 60,785 shares in the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PROP has been the topic of several analyst reports. Zacks Research downgraded shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Roth Capital reissued a “buy” rating and issued a $2.00 price objective on shares of Prairie Operating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of Prairie Operating from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings upgraded shares of Prairie Operating from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Prairie Operating has a consensus rating of “Reduce” and a consensus price target of $2.50.

Prairie Operating Company Profile