Lazard Asset Management LLC Trims Stock Holdings in Prairie Operating Co. $PROP

Posted by Geri Gentry on Aug 8th, 2026

Lazard Asset Management LLC decreased its holdings in shares of Prairie Operating Co. (NASDAQ:PROP – Free Report) by 83.5% during the first quarter, HoldingsChannel reports. The fund owned 158,707 shares of the company’s stock after selling 804,684 shares during the quarter. Lazard Asset Management LLC’s holdings in Prairie Operating were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in Prairie Operating during the fourth quarter valued at $25,000. Retirement Planning Group LLC purchased a new position in shares of Prairie Operating during the fourth quarter worth approximately $29,000. Bank of America Corp DE boosted its position in Prairie Operating by 203.8% during the second quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after buying an additional 6,582 shares during the period. Warther Private Wealth LLC bought a new position in Prairie Operating during the 3rd quarter worth approximately $31,000. Finally, State of Wyoming purchased a new position in shares of Prairie Operating in the second quarter worth $32,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Trading Up 6.6%

NASDAQ:PROP opened at $0.80 on Friday. 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 Co. has a one year low of $0.58 and a one year high of $3.75. The firm has a market capitalization of $61.20 million, a price-to-earnings ratio of -0.38 and a beta of 1.25. The business has a fifty day moving average price of $0.75 and a 200-day moving average price of $1.28.

Insider Transactions at Prairie Operating

In other Prairie Operating news, Director Richard N. Frommer acquired 75,500 shares of the stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $0.87 per share, for a total transaction of $65,685.00. Following the completion of the transaction, the director directly owned 205,372 shares of the company’s stock, valued at approximately $178,673.64. The trade was a 58.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.09% of the company’s stock.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on PROP