Shares of Prairie Operating Co. (NASDAQ:PROP - Get Free Report) dropped 3% on Thursday . The company traded as low as $7.90 and last traded at $8.05. Approximately 74,860 shares traded hands during trading, a decline of 6% from the average daily volume of 79,465 shares. The stock had previously closed at $8.30.
Analysts Set New Price Targets
Separately, Singular Research upgraded Prairie Operating to a "moderate buy" rating in a report on Monday, October 7th.
Check Out Our Latest Stock Report on Prairie Operating
Prairie Operating Stock Performance
The business's fifty day simple moving average is $8.62 and its 200 day simple moving average is $9.57. The stock has a market cap of $180.61 million, a price-to-earnings ratio of -2.63 and a beta of 1.96.
Institutional Investors Weigh In On Prairie Operating
Several hedge funds and other institutional investors have recently bought and sold shares of PROP. Rhumbline Advisers acquired a new stake in Prairie Operating during the second quarter valued at approximately $45,000. Barclays PLC lifted its stake in Prairie Operating by 321.7% during the third quarter. Barclays PLC now owns 5,996 shares of the company's stock worth $52,000 after purchasing an additional 4,574 shares during the last quarter. Warberg Asset Management LLC acquired a new position in Prairie Operating in the second quarter worth $127,000. Bank of New York Mellon Corp bought a new stake in Prairie Operating during the second quarter valued at $208,000. Finally, State Street Corp raised its holdings in shares of Prairie Operating by 56.4% during the third quarter. State Street Corp now owns 62,041 shares of the company's stock worth $543,000 after purchasing an additional 22,384 shares during the period. 34.28% of the stock is currently owned by hedge funds and other institutional investors.
About Prairie Operating
(
Get Free Report)
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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