Prairie Operating (NASDAQ:PROP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Prairie Operating (NASDAQ:PROP) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other analysts also recently weighed in on the company. Zacks Research downgraded Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Roth Capital reiterated a “buy” rating and issued a $2.00 price target on shares of Prairie Operating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded Prairie Operating from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.50.

Prairie Operating Price Performance

Shares of PROP stock opened at $0.51 on Friday. The firm has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $1.19. The company has a market capitalization of $57.65 million, a PE ratio of -0.25 and a beta of 1.25. Prairie Operating has a twelve month low of $0.51 and a twelve month high of $2.72. The company has a current ratio of 0.25, a quick ratio of 0.23 and a debt-to-equity ratio of 1.96.

Prairie Operating (NASDAQ:PROP) last released its quarterly earnings results on Friday, August 14th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.21. Prairie Operating had a negative net margin of 13.02% and a positive return on equity of 46.53%. The firm had revenue of $98.86 million for the quarter. Equities research analysts anticipate that Prairie Operating will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new position in Prairie Operating during the 4th quarter worth $25,000. Retirement Planning Group LLC acquired a new stake in shares of Prairie Operating in the 4th quarter valued at about $29,000. Bank of America Corp DE raised its stake in shares of Prairie Operating by 203.8% in the 2nd 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 in the last quarter. Warther Private Wealth LLC bought a new position in shares of Prairie Operating during the third quarter worth about $31,000. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 8,640 shares during the last quarter. 34.28% of the stock is currently owned by institutional investors.

About Prairie Operating