Prairie Operating (NASDAQ:PROP) Stock Rating Upgraded by Zacks Research

Posted by George Bondi on Jun 17th, 2026

Prairie Operating (NASDAQ:PROP – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently commented on PROP. William Blair set a $3.50 target price on shares of Prairie Operating in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of Prairie Operating from a “sell” rating to a “hold” rating in a report on Sunday, May 24th. Finally, Weiss Ratings upgraded shares of Prairie Operating from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $2.75.

Read Our Latest Stock Analysis on Prairie Operating

Prairie Operating Stock Performance

Shares of NASDAQ:PROP opened at $0.64 on Monday. The company has a market capitalization of $49.00 million, a price-to-earnings ratio of -0.30 and a beta of 1.23. The firm’s 50 day simple moving average is $1.09 and its 200 day simple moving average is $1.55. 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 fifty-two week low of $0.63 and a fifty-two week high of $4.33.

Insider Buying and Selling

In related news, Director Richard N. Frommer bought 75,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $0.87 per share, for a total transaction of $65,685.00. Following the acquisition, the director owned 205,372 shares of the company’s stock, valued at approximately $178,673.64. This represents a 58.13% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.09% of the company’s stock.

Hedge Funds Weigh In On Prairie Operating

Hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new position in shares of Prairie Operating during the 4th quarter worth approximately $25,000. Bank of America Corp DE grew its stake in shares of Prairie Operating by 203.8% during the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock worth $29,000 after acquiring an additional 6,582 shares in the last quarter. Retirement Planning Group LLC bought a new position in shares of Prairie Operating during the 4th quarter worth approximately $29,000. Warther Private Wealth LLC bought a new position in shares of Prairie Operating during the 3rd quarter worth approximately $31,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Prairie Operating by 411.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock worth $32,000 after acquiring an additional 8,640 shares in the last quarter. 34.28% of the stock is owned by institutional investors.