Equities researchers at Johnson Rice began coverage on shares of Prairie Operating (NASDAQ:PROP - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat reports. The firm set an "accumulate" rating and a $9.00 price target on the stock. Johnson Rice's price objective points to a potential upside of 121.13% from the company's current price.
Separately, Piper Sandler assumed coverage on Prairie Operating in a research report on Wednesday, April 30th. They set an "overweight" rating and a $11.00 target price on the stock.
Check Out Our Latest Stock Report on Prairie Operating
Prairie Operating Stock Performance
NASDAQ PROP traded down $0.09 during trading on Monday, reaching $4.07. 813,804 shares of the company's stock were exchanged, compared to its average volume of 243,470. The stock has a market cap of $174.77 million, a P/E ratio of -1.36 and a beta of 3.13. The company has a 50 day moving average price of $4.64 and a two-hundred day moving average price of $6.78. Prairie Operating has a 1 year low of $3.35 and a 1 year high of $13.59.
Hedge Funds Weigh In On Prairie Operating
Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in 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 during the period. Barclays PLC lifted its stake in Prairie Operating by 321.7% in the 3rd quarter. Barclays PLC now owns 5,996 shares of the company's stock valued at $52,000 after buying an additional 4,574 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Prairie Operating by 163.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company's stock valued at $61,000 after buying an additional 4,321 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Prairie Operating in the 1st quarter valued at approximately $42,000. Finally, Navigation Wealth Management Inc. acquired a new position in Prairie Operating in the 4th quarter valued at $83,000. Institutional investors and hedge funds own 34.28% of the company's stock.
About Prairie Operating
(
Get Free Report)
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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