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

Shares of Prairie Operating Co. (NASDAQ:PROP) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.3750.

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

Prairie Operating Stock Performance

NASDAQ PROP opened at $0.95 on Thursday. The company has a debt-to-equity ratio of 909.21, a current ratio of 0.24 and a quick ratio of 0.23. Prairie Operating has a 1 year low of $0.77 and a 1 year high of $4.33. The company has a market capitalization of $72.40 million, a PE ratio of -0.45 and a beta of 1.33. The company has a fifty day moving average of $1.38 and a two-hundred day moving average of $1.64.

Insider Transactions at Prairie Operating

In related news, Director Richard N. Frommer acquired 75,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought 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 directly owned 205,372 shares of the company’s stock, valued at approximately $178,673.64. The trade was a 58.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 15.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Prairie Operating

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Prairie Operating by 203.8% during the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after acquiring an additional 6,582 shares during the last quarter. Vanguard Group Inc. raised its stake in Prairie Operating by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock valued at $2,533,000 after acquiring an additional 7,042 shares during the last quarter. Squarepoint Ops LLC raised its stake in Prairie Operating by 9.3% during the 3rd quarter. Squarepoint Ops LLC now owns 100,607 shares of the company’s stock valued at $200,000 after acquiring an additional 8,572 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Prairie Operating by 411.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after acquiring an additional 8,640 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Prairie Operating by 363.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,779 shares of the company’s stock valued at $35,000 after acquiring an additional 9,240 shares during the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

About Prairie Operating