Prairie Operating Co. (NASDAQ:PROP) Given Consensus Recommendation of "Moderate Buy" by Analysts

Prairie Operating Co. (NASDAQ:PROP - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.75.

A number of equities research analysts have recently commented on PROP shares. Johnson Rice started coverage on shares of Prairie Operating in a report on Monday, May 12th. They set an "accumulate" rating and a $9.00 price target on the stock. Wall Street Zen upgraded shares of Prairie Operating from a "sell" rating to a "hold" rating in a report on Friday, June 6th. Citigroup started coverage on shares of Prairie Operating in a report on Monday, June 2nd. They set a "buy" rating and a $8.00 price target on the stock. Piper Sandler cut their price target on shares of Prairie Operating from $11.00 to $10.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. Finally, KeyCorp started coverage on shares of Prairie Operating in a report on Thursday. They set a "sector weight" rating on the stock.

Insiders Place Their Bets

In other news, President Gary C. Hanna acquired 25,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $3.83 per share, with a total value of $95,750.00. Following the completion of the acquisition, the president directly owned 1,350,226 shares of the company's stock, valued at approximately $5,171,365.58. The trade was a 1.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Edward Kovalik acquired 6,700 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of $3.74 per share, with a total value of $25,058.00. Following the acquisition, the chief executive officer directly owned 1,339,055 shares of the company's stock, valued at $5,008,065.70. This trade represents a 0.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 57,340 shares of company stock valued at $217,567. Company insiders own 15.44% of the company's stock.

Institutional Trading of Prairie Operating

Several large investors have recently modified their holdings of the company. Hodges Capital Management Inc. bought a new stake in shares of Prairie Operating in the first quarter worth $2,943,000. SageView Advisory Group LLC bought a new stake in shares of Prairie Operating in the first quarter worth $59,000. Woodline Partners LP bought a new stake in shares of Prairie Operating in the first quarter worth $3,678,000. Wellington Management Group LLP bought a new stake in shares of Prairie Operating in the first quarter worth $97,000. Finally, Quotient Wealth Partners LLC bought a new stake in shares of Prairie Operating in the first quarter worth $73,000. Institutional investors own 34.28% of the company's stock.

Prairie Operating Price Performance

Shares of PROP opened at $3.66 on Monday. The stock has a market cap of $160.59 million, a PE ratio of -1.22 and a beta of 1.92. The company has a debt-to-equity ratio of 11.17, a quick ratio of 0.56 and a current ratio of 0.57. Prairie Operating has a fifty-two week low of $2.74 and a fifty-two week high of $12.30. The firm's 50-day simple moving average is $3.90 and its two-hundred day simple moving average is $5.64.

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.

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