Gary C. Hanna Acquires 25,000 Shares of Prairie Operating Co. (NASDAQ:PROP) Stock

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

Prairie Operating Trading Up 6.8%

Shares of Prairie Operating stock traded up $0.25 during trading on Friday, reaching $3.90. The stock had a trading volume of 1,049,883 shares, compared to its average volume of 277,168. The company has a market capitalization of $170.94 million, a price-to-earnings ratio of -1.30 and a beta of 3.13. Prairie Operating Co. has a 52 week low of $3.35 and a 52 week high of $13.59. The stock has a fifty day moving average price of $4.24 and a two-hundred day moving average price of $6.42.

Wall Street Analysts Forecast Growth

PROP has been the subject of several recent analyst reports. Piper Sandler lowered their price target on Prairie Operating from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Wall Street Zen lowered Prairie Operating from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Finally, Johnson Rice initiated coverage on shares of Prairie Operating in a report on Monday, May 12th. They set an "accumulate" rating and a $9.00 target price on the stock.

Institutional Investors Weigh In On Prairie Operating

Several institutional investors have recently bought and sold shares of PROP. JPMorgan Chase & Co. lifted its position in shares of Prairie Operating by 163.4% in the third quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company's stock worth $61,000 after purchasing an additional 4,321 shares in the last quarter. Rhumbline Advisers lifted its position in Prairie Operating by 1,053.9% during the 4th quarter. Rhumbline Advisers now owns 40,224 shares of the company's stock worth $278,000 after buying an additional 36,738 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Prairie Operating by 105.5% during the 4th quarter. Geode Capital Management LLC now owns 250,614 shares of the company's stock worth $1,734,000 after buying an additional 128,648 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Prairie Operating by 128.0% in the 4th quarter. Wells Fargo & Company MN now owns 4,376 shares of the company's stock valued at $30,000 after acquiring an additional 2,457 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Prairie Operating in the fourth quarter valued at about $201,000. Institutional investors own 34.28% of the company's stock.

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.