Prairie Operating (NASDAQ:PROP) Now Covered by Johnson Rice

Johnson Rice started coverage on shares of Prairie Operating (NASDAQ:PROP) in a research note released on Monday, MarketBeat reports. The firm issued an accumulate rating and a $9.00 price target on the stock.

Separately, Piper Sandler assumed coverage on shares of Prairie Operating in a research report on Wednesday, April 30th. They issued an “overweight” rating and a $11.00 price target on the stock.

Prairie Operating Stock Performance

Shares of PROP opened at $4.22 on Monday. The company’s fifty day moving average is $4.74 and its 200 day moving average is $6.84. Prairie Operating has a fifty-two week low of $3.35 and a fifty-two week high of $13.59. The stock has a market capitalization of $113.34 million, a PE ratio of -1.41 and a beta of 3.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Prairie Operating by 105.5% during the fourth quarter. Geode Capital Management LLC now owns 250,614 shares of the company’s stock worth $1,734,000 after buying an additional 128,648 shares during the period. Northern Trust Corp boosted its stake in Prairie Operating by 92.6% during the fourth quarter. Northern Trust Corp now owns 62,884 shares of the company’s stock worth $435,000 after buying an additional 30,242 shares during the period. Rhumbline Advisers boosted its stake in Prairie Operating by 1,053.9% during the fourth quarter. Rhumbline Advisers now owns 40,224 shares of the company’s stock worth $278,000 after buying an additional 36,738 shares during the period. Marshall Wace LLP purchased a new position in Prairie Operating during the fourth quarter worth $201,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Prairie Operating by 1,043.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,265 shares of the company’s stock worth $189,000 after buying an additional 24,880 shares during the period. 34.28% of the stock is owned by hedge funds and other institutional investors.

Prairie Operating Company Profile

Prairie Operating Co, an independent energy company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company holds assets in the Denver-Julesburg Basin in Colorado; and the Niobrara and Codell formations. Prairie Operating Co is based in Houston Texas.