Prairie Operating Co. (NASDAQ:PROP) EVP Purchases $19,950.00 in Stock

Prairie Operating Co. (NASDAQ:PROP - Get Free Report) EVP Bryan Freeman acquired 5,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of $3.99 per share, with a total value of $19,950.00. Following the completion of the purchase, the executive vice president now owns 127,861 shares in the company, valued at $510,165.39. The trade was a 4.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Prairie Operating Price Performance

Shares of Prairie Operating stock traded down $0.13 during midday trading on Friday, hitting $3.85. 746,005 shares of the company were exchanged, compared to its average volume of 307,541. The firm has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $6.12. Prairie Operating Co. has a 52 week low of $3.35 and a 52 week high of $12.30. The firm has a market cap of $168.75 million, a P/E ratio of -1.28 and a beta of 2.03.

Analysts Set New Price Targets

Several research firms have recently issued reports on PROP. Wall Street Zen raised Prairie Operating from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Roth Capital initiated coverage on Prairie Operating in a research note on Thursday. They issued a "buy" rating and a $8.00 price objective for the company. Citigroup initiated coverage on Prairie Operating in a research note on Monday, June 2nd. They set a "buy" rating and a $8.00 price target for the company. Piper Sandler cut their price target on Prairie Operating from $11.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Finally, Johnson Rice began coverage on Prairie Operating in a report on Monday, May 12th. They set an "accumulate" rating and a $9.00 price objective on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $8.75.

Hedge Funds Weigh In On Prairie Operating

Several institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of Prairie Operating by 1,053.9% in the 4th quarter. Rhumbline Advisers now owns 40,224 shares of the company's stock valued at $278,000 after buying an additional 36,738 shares during the period. JPMorgan Chase & Co. raised its holdings in Prairie Operating by 121.8% during the fourth quarter. JPMorgan Chase & Co. now owns 15,451 shares of the company's stock worth $107,000 after acquiring an additional 8,485 shares in the last quarter. Geode Capital Management LLC raised its holdings in Prairie Operating by 105.5% during the fourth quarter. Geode Capital Management LLC now owns 250,614 shares of the company's stock worth $1,734,000 after acquiring an additional 128,648 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Prairie Operating by 128.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,376 shares of the company's stock worth $30,000 after acquiring an additional 2,457 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Prairie Operating during the fourth quarter worth about $201,000. Institutional investors own 34.28% of the company's stock.

Prairie Operating Company Profile

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.