Insider Buying: Prairie Operating (NASDAQ:PROP) EVP Acquires 15,925 Shares of Stock

Prairie Operating Co. (NASDAQ:PROP) EVP Daniel Sweeney purchased 15,925 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $0.89 per share, for a total transaction of $14,173.25. Following the transaction, the executive vice president owned 566,534 shares of the company’s stock, valued at $504,215.26. This trade represents a 2.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Prairie Operating Stock Performance

PROP stock traded down $0.04 during midday trading on Wednesday, hitting $0.83. 2,771,357 shares of the stock traded hands, compared to its average volume of 3,646,471. The firm has a market cap of $63.84 million, a P/E ratio of -0.40 and a beta of 1.33. The company has a debt-to-equity ratio of 909.21, a current ratio of 0.24 and a quick ratio of 0.23. The stock’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.69. Prairie Operating Co. has a 1-year low of $0.77 and a 1-year high of $4.33.

Institutional Trading of Prairie Operating

Several institutional investors have recently modified their holdings of the stock. 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 worth $29,000 after acquiring an additional 6,582 shares during the last quarter. State of Wyoming acquired a new position in Prairie Operating during the second quarter worth about $32,000. XTX Topco Ltd acquired a new position in Prairie Operating during the second quarter worth about $32,000. JPMorgan Chase & Co. raised its stake in Prairie Operating by 411.4% during the second quarter. JPMorgan Chase & Co. now owns 10,740 shares of the company’s stock worth $32,000 after purchasing an additional 8,640 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Prairie Operating by 363.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,779 shares of the company’s stock worth $35,000 after purchasing an additional 9,240 shares during the period. Institutional investors and hedge funds own 34.28% of the company’s stock.

Analyst Ratings Changes

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

Prairie Operating Company Profile