Prairie Operating Co. (NASDAQ:PROP - Get Free Report) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 182,300 shares, a drop of 28.7% from the September 15th total of 255,800 shares. Based on an average daily volume of 64,900 shares, the short-interest ratio is presently 2.8 days. Currently, 4.3% of the company's shares are sold short.
Hedge Funds Weigh In On Prairie Operating
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Warberg Asset Management LLC purchased a new stake in shares of Prairie Operating during the 2nd quarter valued at $127,000. Rhumbline Advisers acquired a new position in Prairie Operating in the second quarter valued at $45,000. Finally, Bank of New York Mellon Corp purchased a new stake in Prairie Operating during the second quarter valued at about $208,000. Institutional investors and hedge funds own 34.28% of the company's stock.
Prairie Operating Price Performance
PROP traded up $0.22 during trading on Friday, hitting $8.96. The company's stock had a trading volume of 30,988 shares, compared to its average volume of 91,426. Prairie Operating has a twelve month low of $0.46 and a twelve month high of $18.50. The stock has a market cap of $112.54 million, a PE ratio of -1.19 and a beta of 1.92. The firm's 50 day moving average price is $8.94 and its 200-day moving average price is $10.77.
Prairie Operating (NASDAQ:PROP - Get Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.71) EPS for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.38). Equities analysts anticipate that Prairie Operating will post -1.75 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Singular Research raised shares of Prairie Operating to a "moderate buy" rating in a research report on Monday, October 7th.
Get Our Latest Stock Report on Prairie Operating
About Prairie Operating
(
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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.
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