Prairie Operating (NASDAQ:PROP) Rating Increased to Moderate Buy at Singular Research

Prairie Operating (NASDAQ:PROP - Get Free Report) was upgraded by stock analysts at Singular Research to a "moderate buy" rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Prairie Operating Price Performance

Shares of PROP traded down $0.81 during midday trading on Monday, reaching $8.92. 138,995 shares of the stock were exchanged, compared to its average volume of 78,097. Prairie Operating has a 52 week low of $0.35 and a 52 week high of $18.50. The company's 50 day moving average is $8.98 and its two-hundred day moving average is $10.81.

Prairie Operating (NASDAQ:PROP - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.71) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.38). On average, equities research analysts anticipate that Prairie Operating will post 0.55 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Prairie Operating

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Prairie Operating during the second quarter valued at about $208,000. Rhumbline Advisers purchased a new position in Prairie Operating in the second quarter valued at about $45,000. Finally, Warberg Asset Management LLC purchased a new position in Prairie Operating in the second quarter valued at about $127,000. Hedge funds and other institutional investors own 34.28% of the company's stock.

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.