Prairie Operating (NASDAQ:PROP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Prairie Operating (NASDAQ:PROP) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other analysts also recently issued reports about the company. Roth Capital reaffirmed a “buy” rating and issued a $2.00 target price on shares of Prairie Operating in a research note on Monday, August 17th. Weiss Ratings raised shares of Prairie Operating from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Finally, Zacks Research lowered shares of Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Prairie Operating presently has a consensus rating of “Reduce” and a consensus target price of $2.50.

Prairie Operating Trading Down 9.6%

Shares of Prairie Operating stock opened at $0.53 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.25 and a quick ratio of 0.23. The stock’s 50 day simple moving average is $0.73 and its 200-day simple moving average is $1.20. The stock has a market cap of $59.65 million, a P/E ratio of -0.26 and a beta of 1.25. Prairie Operating has a 1-year low of $0.53 and a 1-year high of $2.72.

Prairie Operating (NASDAQ:PROP) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.23 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $98.86 million during the quarter. Analysts predict that Prairie Operating will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new stake in Prairie Operating in the second quarter valued at $77,000. Hsbc Holdings PLC acquired a new position in shares of Prairie Operating in the 2nd quarter valued at $154,000. Wellington Management Group LLP purchased a new position in shares of Prairie Operating during the 2nd quarter worth $179,000. Corient Private Wealth LP purchased a new position in shares of Prairie Operating during the 2nd quarter worth $313,000. Finally, Bank of America Corp DE acquired a new stake in shares of Prairie Operating during the 2nd quarter worth about $135,000. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

About Prairie Operating