Singular Research Has Negative View of PROP FY2024 Earnings

Prairie Operating Co. (NASDAQ:PROP) – Investment analysts at Singular Research lowered their FY2024 earnings per share estimates for shares of Prairie Operating in a note issued to investors on Monday, February 10th. Singular Research analyst G. Sriharan now forecasts that the company will earn ($2.13) per share for the year, down from their previous forecast of ($1.75). The consensus estimate for Prairie Operating’s current full-year earnings is ($1.75) per share. Singular Research also issued estimates for Prairie Operating’s Q4 2024 earnings at ($0.12) EPS, Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.19 EPS and FY2025 earnings at $4.78 EPS.

Prairie Operating Stock Up 17.6 %

Shares of NASDAQ PROP opened at $8.81 on Wednesday. Prairie Operating has a twelve month low of $4.91 and a twelve month high of $16.08. The business has a fifty day simple moving average of $7.64 and a two-hundred day simple moving average of $8.42.

Institutional Trading of Prairie Operating

Several hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in Prairie Operating by 321.7% during the 3rd quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $52,000 after purchasing an additional 4,574 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Prairie Operating by 163.4% during the third quarter. JPMorgan Chase & Co. now owns 6,966 shares of the company’s stock valued at $61,000 after buying an additional 4,321 shares during the last quarter. Navigation Wealth Management Inc. acquired a new position in shares of Prairie Operating in the 4th quarter valued at $83,000. Traynor Capital Management Inc. acquired a new position in shares of Prairie Operating in the 4th quarter valued at $146,000. Finally, Rhumbline Advisers raised its stake in Prairie Operating by 1,053.9% in the 4th quarter. Rhumbline Advisers now owns 40,224 shares of the company’s stock worth $278,000 after acquiring an additional 36,738 shares during the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

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.