Prairie Operating Co. (NASDAQ:PROP) President Buys $95,750.00 in Stock

Prairie Operating Co. (NASDAQ:PROP - Get Free Report) President Gary C. Hanna bought 25,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $3.83 per share, with a total value of $95,750.00. Following the purchase, the president now directly owns 1,350,226 shares of the company's stock, valued at $5,171,365.58. The trade was a 1.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Prairie Operating Stock Up 5.3%

PROP traded up $0.20 during trading on Tuesday, hitting $3.98. The company had a trading volume of 683,922 shares, compared to its average volume of 281,620. The company has a market capitalization of $174.44 million, a PE ratio of -1.33 and a beta of 3.13. Prairie Operating Co. has a one year low of $3.35 and a one year high of $13.59. The firm's 50-day moving average price is $4.20 and its 200 day moving average price is $6.38.

Institutional Investors Weigh In On Prairie Operating

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new position in shares of Prairie Operating during the 1st quarter worth about $3,678,000. Hodges Capital Management Inc. acquired a new position in Prairie Operating in the 1st quarter valued at about $2,943,000. Geode Capital Management LLC grew its stake in Prairie Operating by 105.5% in the 4th quarter. Geode Capital Management LLC now owns 250,614 shares of the company's stock valued at $1,734,000 after buying an additional 128,648 shares during the last quarter. Rhumbline Advisers grew its stake in 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 last quarter. Finally, Northern Trust Corp grew its stake in Prairie Operating by 92.6% in the 4th quarter. Northern Trust Corp now owns 62,884 shares of the company's stock valued at $435,000 after buying an additional 30,242 shares during the last quarter. 34.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PROP has been the subject of a number of research reports. Wall Street Zen lowered shares of Prairie Operating from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Citigroup initiated coverage on shares of Prairie Operating in a report on Monday. They issued a "buy" rating and a $8.00 price target for the company. Johnson Rice initiated coverage on shares of Prairie Operating in a report on Monday, May 12th. They issued an "accumulate" rating and a $9.00 price target for the company. Finally, Piper Sandler lowered their price target on shares of Prairie Operating from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.00.

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.