Prairie Operating Co. (NASDAQ:PROP – Get Free Report) EVP Daniel Sweeney bought 15,925 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $0.89 per share, with a total value of $14,173.25. Following the transaction, the executive vice president directly owned 566,534 shares of the company’s stock, valued at $504,215.26. The trade was a 2.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Prairie Operating Stock Down 4.7%
NASDAQ:PROP traded down $0.04 during midday trading on Wednesday, reaching $0.83. 2,771,357 shares of the stock traded hands, compared to its average volume of 3,646,471. Prairie Operating Co. has a 12-month low of $0.77 and a 12-month high of $4.33. The business has a 50-day moving average of $1.51 and a two-hundred day moving average of $1.69. The company has a debt-to-equity ratio of 909.21, a quick ratio of 0.23 and a current ratio of 0.24. The stock has a market capitalization of $63.84 million, a PE ratio of -0.40 and a beta of 1.33.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Prairie Operating from a “hold” rating to a “sell” rating in a report on Saturday. William Blair set a $3.50 price target on shares of Prairie Operating in a report on Tuesday, March 3rd. Finally, Zacks Research cut shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.38.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Warther Private Wealth LLC acquired a new stake in Prairie Operating during the third quarter valued at $31,000. Engineers Gate Manager LP acquired a new stake in Prairie Operating during the fourth quarter valued at $25,000. Bank of America Corp DE grew its position in Prairie Operating by 526.3% during the first quarter. Bank of America Corp DE now owns 135,897 shares of the company’s stock valued at $276,000 after buying an additional 114,199 shares during the period. Cetera Investment Advisers grew its position in Prairie Operating by 300.2% during the first quarter. Cetera Investment Advisers now owns 81,031 shares of the company’s stock valued at $164,000 after buying an additional 60,785 shares during the period. Finally, Retirement Planning Group LLC grew its position in Prairie Operating by 772.1% during the first 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 during the period. Hedge funds and other institutional investors own 34.28% of the company’s stock.
About Prairie Operating
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