Prairie Operating (NASDAQ:PROP) Stock Rating Upgraded by Wall Street Zen

Prairie Operating (NASDAQ:PROP – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Roth Capital reiterated a “buy” rating and issued a $2.00 target price on shares of Prairie Operating in a report on Monday, August 17th. 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2.50.

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Prairie Operating Price Performance

NASDAQ:PROP opened at $0.53 on Friday. Prairie Operating has a 12-month low of $0.53 and a 12-month high of $2.72. The company has a quick ratio of 0.23, a current ratio of 0.25 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $59.65 million, a P/E ratio of -0.26 and a beta of 1.25. The stock’s fifty day simple moving average is $0.73 and its 200-day simple moving average is $1.20.

Prairie Operating (NASDAQ:PROP – Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.21. Prairie Operating had a positive return on equity of 46.53% and a negative net margin of 13.02%.The business had revenue of $98.86 million during the quarter. Equities research analysts expect that Prairie Operating will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Prairie Operating

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new position in Prairie Operating during the 4th quarter worth about $25,000. Retirement Planning Group LLC acquired a new stake in shares of Prairie Operating in the 4th quarter valued at about $29,000. Bank of America Corp DE raised its stake in shares of Prairie Operating by 203.8% in the 2nd quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after purchasing an additional 6,582 shares during the period. Warther Private Wealth LLC bought a new stake in shares of Prairie Operating in the third quarter valued at about $31,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Prairie Operating by 411.4% in the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock valued at $32,000 after purchasing an additional 8,640 shares in the last quarter. 34.28% of the stock is owned by institutional investors and hedge funds.

About Prairie Operating

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