Key Points
- EVP Daniel Sweeney bought 15,925 shares of Prairie Operating at $0.89 each, spending $14,173.25 and increasing his stake by 2.89% to 566,534 shares.
- The stock was trading down 4.7% at $0.83, near its 52-week low of $0.77 and well below its 52-week high of $4.33.
- Analyst sentiment is mixed, with a consensus Hold rating and an average price target of $5.38, while institutional ownership stands at 34.28%.
Prairie Operating Co. (NASDAQ:PROP - Get Free Report) EVP Daniel Sweeney acquired 15,925 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost 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 approximately $504,215.26. This trade represents a 2.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Prairie Operating Trading Down 4.7%
Shares of Prairie Operating stock opened at $0.83 on Thursday. Prairie Operating Co. has a 52-week low of $0.77 and a 52-week high of $4.33. The stock's 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.68. The stock has a market capitalization of $63.85 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 quick ratio of 0.23 and a current ratio of 0.24.
Institutional Investors Weigh In On Prairie Operating
Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Planning Group LLC increased its position in shares of Prairie Operating by 772.1% during the first quarter. Retirement Planning Group LLC now owns 147,763 shares of the company's stock valued at $300,000 after buying an additional 130,819 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Prairie Operating during the first quarter valued at about $102,000. Caitong International Asset Management Co. Ltd increased its position in shares of Prairie Operating by 878.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 116,227 shares of the company's stock valued at $196,000 after buying an additional 104,345 shares during the period. Aristides Capital LLC bought a new stake in shares of Prairie Operating during the fourth quarter valued at about $135,000. Finally, ELCO Management Co. LLC increased its position in shares of Prairie Operating by 218.4% during the fourth quarter. ELCO Management Co. LLC now owns 41,570 shares of the company's stock valued at $70,000 after buying an additional 28,515 shares during the period. 34.28% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
PROP has been the topic of a number of research reports. William Blair set a $3.50 price objective on Prairie Operating in a research note on Tuesday, March 3rd. Zacks Research cut Prairie Operating from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Prairie Operating from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.38.
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