Prairie Operating (NASDAQ:PROP) Director Richard Frommer Buys 75,500 Shares

Prairie Operating Co. (NASDAQ:PROP) Director Richard Frommer acquired 75,500 shares of Prairie Operating stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $0.87 per share, with a total value of $65,685.00. Following the purchase, the director owned 205,372 shares in the company, valued at $178,673.64. This represents a 58.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Prairie Operating Trading Down 4.7%

NASDAQ PROP opened at $0.83 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 909.21. The firm has a market cap of $63.85 million, a PE ratio of -0.40 and a beta of 1.33. The company has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.68. Prairie Operating Co. has a 52 week low of $0.77 and a 52 week high of $4.33.

Institutional Trading of Prairie Operating

Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC purchased a new stake in Prairie Operating during the fourth quarter worth $1,628,000. Woodline Partners LP purchased a new stake in Prairie Operating during the first quarter worth $3,678,000. Marshall Wace LLP purchased a new stake in Prairie Operating during the second quarter worth $860,000. Geode Capital Management LLC boosted its holdings in Prairie Operating by 76.2% during the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock worth $1,981,000 after buying an additional 285,934 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in Prairie Operating by 772.1% during the first quarter. Retirement Planning Group LLC now owns 147,763 shares of the company’s stock worth $300,000 after buying an additional 130,819 shares in the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PROP. Wall Street Zen lowered shares of Prairie Operating from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. William Blair set a $3.50 price objective on shares of Prairie Operating in a research note on Tuesday, March 3rd. Finally, Zacks Research lowered shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Prairie Operating has an average rating of “Hold” and an average target price of $5.38.

Prairie Operating Company Profile