Equities Analysts Issue Forecasts for PROP FY2026 Earnings

Prairie Operating Co. (NASDAQ:PROP - Free Report) - Stock analysts at Roth Capital reduced their FY2026 EPS estimates for Prairie Operating in a research note issued on Tuesday, October 14th. Roth Capital analyst L. Mariani now forecasts that the company will earn $2.87 per share for the year, down from their prior forecast of $3.31. The consensus estimate for Prairie Operating's current full-year earnings is ($2.13) per share.

Other analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Prairie Operating from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Piper Sandler downgraded shares of Prairie Operating from an "overweight" rating to a "neutral" rating in a research note on Monday, August 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Prairie Operating in a report on Tuesday. Finally, KeyCorp started coverage on shares of Prairie Operating in a report on Thursday, July 3rd. They set a "sector weight" rating for the company. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Prairie Operating presently has a consensus rating of "Hold" and a consensus target price of $8.50.

Prairie Operating Stock Down 5.6%

Shares of NASDAQ:PROP opened at $1.67 on Friday. The company has a debt-to-equity ratio of 4.13, a current ratio of 0.60 and a quick ratio of 0.58. The firm has a market capitalization of $83.96 million, a PE ratio of -0.56 and a beta of 2.12. The firm's 50-day moving average is $2.23 and its two-hundred day moving average is $3.31. Prairie Operating has a 1 year low of $1.67 and a 1 year high of $10.58.

Prairie Operating (NASDAQ:PROP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($1.10). The business had revenue of $68.10 million for the quarter, compared to the consensus estimate of $125.50 million.

Insider Buying and Selling

In other news, Director Jonathan H. Gray purchased 218,917 shares of the stock in a transaction on Wednesday, August 20th. The stock was bought at an average price of $2.09 per share, for a total transaction of $457,536.53. Following the acquisition, the director directly owned 466,254 shares of the company's stock, valued at approximately $974,470.86. The trade was a 88.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have purchased 442,480 shares of company stock worth $937,103. Insiders own 15.44% of the company's stock.

Hedge Funds Weigh In On Prairie Operating

Several hedge funds have recently added to or reduced their stakes in PROP. Bank of America Corp DE increased its stake in Prairie Operating by 203.8% in the second quarter. Bank of America Corp DE now owns 9,812 shares of the company's stock valued at $29,000 after purchasing an additional 6,582 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Prairie Operating by 411.4% in the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company's stock valued at $32,000 after purchasing an additional 8,640 shares during the last quarter. State of Wyoming purchased a new position in Prairie Operating in the second quarter valued at approximately $32,000. XTX Topco Ltd purchased a new position in Prairie Operating in the second quarter valued at approximately $32,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Prairie Operating in the second quarter valued at approximately $35,000. 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.

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