Prairie Operating (NASDAQ:PROP) Stock Rating Lowered by Wall Street Zen

Prairie Operating (NASDAQ:PROP) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also recently weighed in on PROP. Weiss Ratings raised Prairie Operating from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $2.75.

Prairie Operating Price Performance

PROP stock opened at $0.78 on Friday. The stock’s 50 day moving average price is $0.80 and its 200 day moving average price is $1.39. The firm has a market cap of $59.46 million, a P/E ratio of -0.37 and a beta of 1.25. The company has a debt-to-equity ratio of 909.21, a quick ratio of 0.23 and a current ratio of 0.24. Prairie Operating has a 1 year low of $0.58 and a 1 year high of $4.33.

Insider Transactions at Prairie Operating

In other news, Director Richard N. Frommer bought 75,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $0.87 per share, with a total value of $65,685.00. Following the purchase, the director owned 205,372 shares of the company’s stock, valued at approximately $178,673.64. The trade was a 58.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Engineers Gate Manager LP acquired a new stake in shares of Prairie Operating during the fourth quarter worth $25,000. Bank of America Corp DE increased its stake in Prairie Operating by 203.8% in the second quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after purchasing an additional 6,582 shares during the last quarter. Retirement Planning Group LLC acquired a new position in Prairie Operating in the fourth quarter valued at $29,000. Warther Private Wealth LLC purchased a new position in Prairie Operating during the third quarter worth about $31,000. Finally, JPMorgan Chase & Co. lifted its position in Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock worth $32,000 after buying an additional 8,640 shares during the period. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile