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

Prairie Operating Co. (NASDAQ:PROP) has received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.10.

Several analysts have commented on the stock. Zacks Research cut shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. William Blair set a $3.50 price objective on Prairie Operating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Prairie Operating in a research report on Monday, December 29th.

Insider Transactions at Prairie Operating

In related news, major shareholder Nominees Pty Ltd Atf Narrogal purchased 210,981 shares of the business’s stock in a transaction on Monday, December 29th. The shares were bought at an average price of $1.61 per share, with a total value of $339,679.41. Following the completion of the purchase, the insider directly owned 15,481,603 shares in the company, valued at approximately $24,925,380.83. This trade represents a 1.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 15.44% of the company’s stock.

Institutional Trading of Prairie Operating

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Prairie Operating by 203.8% during the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock worth $29,000 after purchasing an additional 6,582 shares during the period. Vanguard Group Inc. increased its holdings in Prairie Operating by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock valued at $2,533,000 after purchasing an additional 7,042 shares in the last quarter. Squarepoint Ops LLC raised its position in Prairie Operating by 9.3% in the third quarter. Squarepoint Ops LLC now owns 100,607 shares of the company’s stock valued at $200,000 after purchasing an additional 8,572 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock worth $32,000 after purchasing an additional 8,640 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Prairie Operating by 363.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,779 shares of the company’s stock worth $35,000 after purchasing an additional 9,240 shares in the last quarter. 34.28% of the stock is currently owned by institutional investors and hedge funds.

Prairie Operating Stock Performance

NASDAQ:PROP opened at $1.43 on Friday. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80. The firm has a market cap of $85.30 million, a PE ratio of -0.44 and a beta of 2.44. The firm has a 50 day simple moving average of $1.80 and a 200-day simple moving average of $1.84. Prairie Operating has a 1-year low of $1.40 and a 1-year high of $6.01.

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.