Prairie Operating Co. (NASDAQ:PROP) Receives Consensus Recommendation of “Hold” from Analysts

Prairie Operating Co. (NASDAQ:PROP) has been assigned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.3750.

A number of equities analysts recently commented on PROP shares. Wall Street Zen upgraded shares of Prairie Operating from a “sell” rating to a “hold” rating in a research note on Sunday. Zacks Research downgraded shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, William Blair set a $3.50 target price on shares of Prairie Operating in a research note on Tuesday, March 3rd.

Insider Activity at Prairie Operating

In other news, Director Richard N. Frommer bought 75,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $0.87 per share, for a total transaction of $65,685.00. Following the completion of the purchase, the director owned 205,372 shares in the company, valued at approximately $178,673.64. This trade represents a 58.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.44% of the company’s stock.

Hedge Funds Weigh In On Prairie Operating

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Prairie Operating by 526.3% during the first quarter. Bank of America Corp DE now owns 135,897 shares of the company’s stock worth $276,000 after purchasing an additional 114,199 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Prairie Operating by 300.2% during the first quarter. Cetera Investment Advisers now owns 81,031 shares of the company’s stock worth $164,000 after purchasing an additional 60,785 shares in the last quarter. Retirement Planning Group LLC grew its stake in shares of 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 purchasing an additional 130,819 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Prairie Operating during the first quarter worth $102,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Prairie Operating by 878.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 116,227 shares of the company’s stock valued at $196,000 after acquiring an additional 104,345 shares in the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

Prairie Operating Stock Performance

NASDAQ:PROP opened at $0.95 on Thursday. The company has a fifty day simple moving average of $1.38 and a two-hundred day simple moving average of $1.64. The company has a market cap of $72.40 million, a price-to-earnings ratio of -0.45 and a beta of 1.33. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 909.21. Prairie Operating has a 52 week low of $0.77 and a 52 week high of $4.33.

About Prairie Operating