Daniel Sweeney Buys 15,925 Shares of Prairie Operating (NASDAQ:PROP) Stock

Prairie Operating Co. (NASDAQ:PROP) EVP Daniel Sweeney acquired 15,925 shares of the business’s stock in a transaction 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 purchase, the executive vice president directly owned 566,534 shares of the company’s stock, valued at $504,215.26. This represents a 2.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Prairie Operating Trading Up 4.7%

Shares of NASDAQ PROP opened at $0.87 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.24 and a debt-to-equity ratio of 909.21. The stock’s 50 day moving average price is $1.46 and its two-hundred day moving average price is $1.67. The stock has a market capitalization of $66.85 million, a P/E ratio of -0.42 and a beta of 1.33. Prairie Operating Co. has a 52-week low of $0.77 and a 52-week high of $4.33.

Hedge Funds Weigh In On Prairie Operating

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Retirement Planning Group LLC grew its holdings in Prairie Operating by 772.1% in the 1st quarter. Retirement Planning Group LLC now owns 147,763 shares of the company’s stock worth $300,000 after buying an additional 130,819 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Prairie Operating in the 1st quarter worth approximately $102,000. Caitong International Asset Management Co. Ltd grew its holdings in Prairie Operating by 878.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 116,227 shares of the company’s stock worth $196,000 after buying an additional 104,345 shares in the last quarter. Aristides Capital LLC bought a new position in Prairie Operating in the 4th quarter worth approximately $135,000. Finally, ELCO Management Co. LLC grew its holdings in Prairie Operating by 218.4% in the 4th quarter. ELCO Management Co. LLC now owns 41,570 shares of the company’s stock worth $70,000 after buying an additional 28,515 shares in the last quarter. 34.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen cut Prairie Operating from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. William Blair set a $3.50 price target on Prairie Operating in a research report on Tuesday, March 3rd. Finally, Zacks Research cut Prairie Operating from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.38.

About Prairie Operating