SL Advisors LLC Acquires 2,412,500 Shares of Prairie Operating Co. $PROP

SL Advisors LLC acquired a new stake in shares of Prairie Operating Co. (NASDAQ:PROP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,412,500 shares of the company’s stock, valued at approximately $993,000. Prairie Operating accounts for about 2.0% of SL Advisors LLC’s investment portfolio, making the stock its 14th largest position. SL Advisors LLC owned 2.14% of Prairie Operating at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Prairie Operating by 330.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 53,880 shares of the company’s stock valued at $39,000 after acquiring an additional 41,374 shares during the period. FNY Investment Advisers LLC lifted its position in shares of Prairie Operating by 89.5% in the second quarter. FNY Investment Advisers LLC now owns 90,000 shares of the company’s stock valued at $64,000 after acquiring an additional 42,500 shares in the last quarter. Two Sigma Securities LLC purchased a new position in shares of Prairie Operating in the second quarter valued at about $77,000. Cibc World Market Inc. bought a new position in shares of Prairie Operating in the second quarter worth about $82,000. Finally, Patriot Financial Group Insurance Agency LLC bought a new position in shares of Prairie Operating in the first quarter worth about $102,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Price Performance

PROP stock traded down $0.02 during mid-day trading on Tuesday, hitting $0.39. The company had a trading volume of 780,081 shares, compared to its average volume of 2,760,025. The company has a 50-day moving average price of $0.53 and a 200 day moving average price of $0.86. Prairie Operating Co. has a 12-month low of $0.37 and a 12-month high of $2.55. The company has a market capitalization of $43.88 million, a price-to-earnings ratio of -0.19 and a beta of 1.23. The company has a quick ratio of 0.23, a current ratio of 0.25 and a debt-to-equity ratio of 1.96.

Prairie Operating (NASDAQ:PROP) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.23 earnings per share 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 firm had revenue of $98.86 million during the quarter. On average, research analysts anticipate that Prairie Operating Co. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on PROP. Roth Capital reissued a “buy” rating and set a $2.00 target price on shares of Prairie Operating in a research note on Monday, August 17th. Zacks Research downgraded Prairie Operating from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Prairie Operating from a “sell (e)” rating to a “sell (e+)” rating in a report on Thursday, September 10th. Finally, Wall Street Zen upgraded shares of Prairie Operating from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $2.50.

About Prairie Operating