FY2024 EPS Forecast for Prairie Operating Reduced by Analyst

Prairie Operating Co. (NASDAQ:PROP - Free Report) - Equities research analysts at Singular Research lowered their FY2024 earnings per share estimates for Prairie Operating in a report released on Monday, February 10th. Singular Research analyst G. Sriharan now anticipates that the company will earn ($2.13) per share for the year, down from their prior estimate of ($1.75). The consensus estimate for Prairie Operating's current full-year earnings is ($1.75) per share. Singular Research also issued estimates for Prairie Operating's Q4 2024 earnings at ($0.12) EPS, Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.19 EPS and FY2025 earnings at $4.78 EPS.

Prairie Operating Price Performance

NASDAQ:PROP traded up $0.88 during mid-day trading on Wednesday, reaching $8.75. The stock had a trading volume of 731,328 shares, compared to its average volume of 224,008. The business's 50 day moving average is $7.67 and its 200 day moving average is $8.41. Prairie Operating has a fifty-two week low of $4.91 and a fifty-two week high of $16.08. The stock has a market cap of $200.55 million, a P/E ratio of -2.92 and a beta of 1.94.

Hedge Funds Weigh In On Prairie Operating

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position 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 purchasing an additional 128,648 shares during the period. Northern Trust Corp boosted its position 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 purchasing an additional 30,242 shares during the period. State Street Corp boosted its position in 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. Rhumbline Advisers boosted its position 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 purchasing an additional 36,738 shares during the period. Finally, Marshall Wace LLP bought a new stake in Prairie Operating during the fourth quarter worth approximately $201,000. Institutional investors and hedge funds 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.