Prairie Operating Co. (NASDAQ:PROP) Given Average Rating of “Hold” by Analysts

Shares of Prairie Operating Co. (NASDAQ:PROP) have received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.10.

Several equities research analysts have recently commented on PROP shares. William Blair set a $3.50 price objective on Prairie Operating in a report on Tuesday, March 3rd. Zacks Research downgraded Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th.

Prairie Operating Trading Down 2.7%

NASDAQ PROP opened at $0.93 on Friday. The company has a market cap of $71.22 million, a price-to-earnings ratio of -0.27 and a beta of 1.33. Prairie Operating has a 52 week low of $0.93 and a 52 week high of $4.80. The business has a 50 day moving average price of $1.63 and a 200-day moving average price of $1.74. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 2.83.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PROP. Engineers Gate Manager LP purchased a new position in shares of Prairie Operating during the fourth quarter valued at approximately $25,000. ELCO Management Co. LLC purchased a new position in shares of Prairie Operating during the third quarter valued at approximately $26,000. Retirement Planning Group LLC purchased a new position in shares of Prairie Operating during the fourth quarter valued at approximately $29,000. Bank of America Corp DE boosted its position in shares of Prairie Operating by 203.8% during the second quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after buying an additional 6,582 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new position in shares of Prairie Operating during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile