Prairie Operating (NASDAQ:PROP) EVP Daniel Sweeney Purchases 15,925 Shares

Prairie Operating Co. (NASDAQ:PROP) EVP Daniel Sweeney acquired 15,925 shares of the stock in a transaction on Tuesday, May 19th. The shares were acquired at an average price of $0.89 per share, for a total transaction of $14,173.25. Following the acquisition, the executive vice president owned 566,534 shares of the company’s stock, valued at approximately $504,215.26. The trade was a 2.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Prairie Operating Stock Performance

PROP opened at $0.83 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 909.21. The company’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.68. Prairie Operating Co. has a 1-year low of $0.77 and a 1-year high of $4.33. The company has a market cap of $63.85 million, a price-to-earnings ratio of -0.40 and a beta of 1.33.

Wall Street Analyst Weigh In

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

Institutional Trading of Prairie Operating

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Prairie Operating by 0.6% in the third quarter. Vanguard Group Inc. now owns 1,276,221 shares of the company’s stock worth $2,533,000 after acquiring an additional 7,042 shares during the period. Lazard Asset Management LLC bought a new stake in Prairie Operating in the fourth quarter worth about $1,628,000. Geode Capital Management LLC raised its position in Prairie Operating by 17.1% in the fourth quarter. Geode Capital Management LLC now owns 778,434 shares of the company’s stock worth $1,316,000 after acquiring an additional 113,720 shares during the period. Woodline Partners LP bought a new stake in Prairie Operating in the first quarter worth about $3,678,000. Finally, Marshall Wace LLP bought a new stake in Prairie Operating in the second quarter worth about $860,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Company Profile