Prairie Operating Co. (NASDAQ:PROP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Prairie Operating has a consensus Hold from seven analysts (2 sell, 2 hold, 3 buy) with an average 12‑month target price of $6.10.
• Several institutions recently added or increased stakes (notably Woodline Partners opened a ~$3.68M position), and institutional investors now own 34.28% of the company.
• Shares opened at $2.50 and were trading up ~14.2%; the stock has a 52‑week range of $1.31–$4.80, market cap ~$149.1M, a debt/equity of 4.11 and a negative P/E (-0.73).

Prairie Operating Co. (NASDAQ:PROP - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.10.

PROP has been the subject of a number of recent analyst reports. William Blair set a $3.50 price target on shares of Prairie Operating in a report on Tuesday, March 3rd. Weiss Ratings reiterated a "sell (d)" rating on shares of Prairie Operating in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Prairie Operating from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PROP. Woodline Partners LP bought a new position in Prairie Operating in the 1st quarter worth $3,678,000. Geode Capital Management LLC raised its holdings in Prairie Operating by 76.2% in the 2nd quarter. Geode Capital Management LLC now owns 661,390 shares of the company's stock worth $1,981,000 after purchasing an additional 285,934 shares in the last quarter. Cetera Investment Advisers raised its holdings in Prairie Operating by 90.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,745 shares of the company's stock worth $59,000 after purchasing an additional 9,379 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Prairie Operating by 411.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company's stock worth $32,000 after purchasing an additional 8,640 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Prairie Operating in the 2nd quarter worth $46,000. 34.28% of the stock is currently owned by institutional investors.

Prairie Operating Trading Up 14.2%

NASDAQ:PROP opened at $2.50 on Wednesday. The company has a fifty day moving average of $1.84 and a 200 day moving average of $1.83. Prairie Operating has a 52 week low of $1.31 and a 52 week high of $4.80. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 4.11. The firm has a market capitalization of $149.13 million, a P/E ratio of -0.73 and a beta of 1.65.

About Prairie Operating

Prairie Operating NASDAQ: PROP is a publicly traded independent exploration and production company focused on the acquisition, development and operation of onshore oil and natural gas properties in the United States. The firm seeks to identify and capitalize on undervalued or overlooked assets, applying a disciplined approach to drilling, completion and production optimization. By concentrating on core resource plays, Prairie Operating aims to deliver steady production growth and free cash flow.

The company's asset base is concentrated in the Permian Basin region of West Texas and southeastern New Mexico, where it holds working interests in both conventional and unconventional reservoirs.

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