Prairie Operating (NASDAQ:PROP) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Prairie Operating (NASDAQ:PROP) issued its quarterly earnings results on Friday. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21, FiscalAI reports. The firm had revenue of $98.86 million during the quarter. Prairie Operating had a positive return on equity of 89.35% and a negative net margin of 37.79%.

Prairie Operating Stock Performance

Shares of PROP stock opened at $1.00 on Friday. The company has a debt-to-equity ratio of 909.21, a quick ratio of 0.23 and a current ratio of 0.24. Prairie Operating has a one year low of $0.58 and a one year high of $2.83. The company’s 50-day simple moving average is $0.75 and its 200-day simple moving average is $1.24. The stock has a market capitalization of $76.57 million, a price-to-earnings ratio of -0.49 and a beta of 1.25.

Wall Street Analyst Weigh In

PROP has been the topic of several analyst reports. Wall Street Zen downgraded Prairie Operating from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings upgraded Prairie Operating from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Finally, Zacks Research downgraded shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Prairie Operating currently has a consensus rating of “Sell” and a consensus target price of $2.75.

Insider Buying and Selling

In other news, Director Richard N. Frommer acquired 75,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $0.87 per share, with a total value of $65,685.00. Following the completion of the acquisition, the director directly owned 205,372 shares in the company, valued at $178,673.64. This represents a 58.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Ieq Capital LLC acquired a new stake in shares of Prairie Operating during the 2nd quarter valued at approximately $128,000. Fore Capital LLC acquired a new position in Prairie Operating in the second quarter worth $227,000. GSA Capital Partners LLP acquired a new position in Prairie Operating in the second quarter worth $191,000. Wealth Enhancement Advisory Services LLC increased its stake in Prairie Operating by 330.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 53,880 shares of the company’s stock valued at $39,000 after purchasing an additional 41,374 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in Prairie Operating by 89.5% during the second quarter. FNY Investment Advisers LLC now owns 90,000 shares of the company’s stock valued at $64,000 after purchasing an additional 42,500 shares during the last quarter. Institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile