Prairie Operating Co. (NASDAQ:PROP) Receives $6.75 Consensus Target Price from Analysts

Prairie Operating Co. (NASDAQ:PROP) has been given an average rating of “Hold” by the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.75.

Several analysts have weighed in on PROP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Prairie Operating in a research note on Monday, December 1st. Piper Sandler dropped their target price on Prairie Operating to $2.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Finally, Wall Street Zen upgraded shares of Prairie Operating from a “sell” rating to a “hold” rating in a report on Saturday, August 16th.

Prairie Operating Price Performance

Shares of PROP opened at $1.73 on Thursday. The company has a debt-to-equity ratio of 4.11, a current ratio of 0.83 and a quick ratio of 0.80. The company’s fifty day moving average price is $1.86 and its 200-day moving average price is $2.68. Prairie Operating has a 1-year low of $1.64 and a 1-year high of $10.58. The firm has a market capitalization of $103.19 million, a PE ratio of -0.53 and a beta of 2.16.

Insider Buying and Selling at Prairie Operating

In other Prairie Operating news, major shareholder Nominees Pty Ltd Atf Narrogal bought 236,977 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was bought at an average cost of $1.69 per share, for a total transaction of $400,491.13. Following the completion of the transaction, the insider directly owned 13,776,036 shares of the company’s stock, valued at approximately $23,281,500.84. This trade represents a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 1,740,253 shares of company stock valued at $2,989,065 in the last quarter. 15.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Prairie Operating

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of Prairie Operating in the third quarter worth about $82,000. Centiva Capital LP acquired a new position in Prairie Operating in the third quarter valued at approximately $60,000. Alliancebernstein L.P. boosted its position in Prairie Operating by 52.1% in the 3rd quarter. Alliancebernstein L.P. now owns 39,100 shares of the company’s stock worth $78,000 after purchasing an additional 13,400 shares in the last quarter. Warther Private Wealth LLC purchased a new stake in Prairie Operating in the 3rd quarter worth approximately $31,000. Finally, Raymond James Financial Inc. grew its stake in shares of Prairie Operating by 14.3% during the 3rd quarter. Raymond James Financial Inc. now owns 119,346 shares of the company’s stock worth $237,000 after purchasing an additional 14,932 shares during the period. Hedge funds and other 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.