Prairie Operating (NASDAQ:PROP) Director Acquires $65,685.00 in Stock

Posted by James Conley on May 23rd, 2026

Prairie Operating Co. (NASDAQ:PROP – Get Free Report) Director Richard Frommer purchased 75,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was bought at an average cost of $0.87 per share, for a total transaction of $65,685.00. Following the purchase, the director directly owned 205,372 shares in the company, valued at $178,673.64. This represents a 58.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Prairie Operating Trading Up 9.0%

Shares of PROP opened at $0.95 on Friday. The business’s 50-day moving average price is $1.44 and its 200 day moving average price is $1.67. The stock has a market capitalization of $72.89 million, a P/E ratio of -0.45 and a beta of 1.33. Prairie Operating Co. has a 1-year low of $0.77 and a 1-year high of $4.33. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 909.21.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PROP. William Blair set a $3.50 price target on Prairie Operating in a research note on Tuesday, March 3rd. Zacks Research cut Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Prairie Operating from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Prairie Operating currently has a consensus rating of “Hold” and an average price target of $5.38.

Read Our Latest Stock Report on PROP

Institutional Investors Weigh In On Prairie Operating

Large investors have recently made changes to their positions in the company. Retirement Planning Group LLC grew its stake in shares of Prairie Operating by 772.1% in the 1st quarter. Retirement Planning Group LLC now owns 147,763 shares of the company’s stock valued at $300,000 after buying an additional 130,819 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Prairie Operating in the 1st quarter valued at approximately $102,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Prairie Operating by 878.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 116,227 shares of the company’s stock valued at $196,000 after buying an additional 104,345 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of Prairie Operating in the 4th quarter valued at approximately $135,000. Finally, ELCO Management Co. LLC grew its stake in shares of Prairie Operating by 218.4% in the 4th quarter. ELCO Management Co. LLC now owns 41,570 shares of the company’s stock valued at $70,000 after buying an additional 28,515 shares in the last quarter. Institutional investors own 34.28% of the company’s stock.