Insider Buying: Prairie Operating (NASDAQ:PROP) EVP Buys $14,173.25 in Stock

Prairie Operating Co. (NASDAQ:PROP) EVP Daniel Sweeney purchased 15,925 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $0.89 per share, with a total value of $14,173.25. Following the purchase, the executive vice president directly owned 566,534 shares of the company’s stock, valued at approximately $504,215.26. The trade was a 2.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Prairie Operating Stock Up 9.0%

PROP stock opened at $0.95 on Friday. Prairie Operating Co. has a 1-year low of $0.77 and a 1-year high of $4.33. The business has a fifty day moving average price of $1.44 and a 200-day moving average price of $1.67. The company has a debt-to-equity ratio of 909.21, a current ratio of 0.24 and a quick ratio of 0.23. The stock has a market capitalization of $72.89 million, a P/E ratio of -0.45 and a beta of 1.33.

Wall Street Analyst Weigh In

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

Institutional Trading of Prairie Operating

A number of hedge funds have recently bought and sold shares of PROP. Engineers Gate Manager LP purchased a new stake in Prairie Operating during the fourth quarter valued at $25,000. ELCO Management Co. LLC purchased a new stake in Prairie Operating during the third quarter valued at $26,000. Retirement Planning Group LLC purchased a new stake in Prairie Operating during the fourth quarter valued at $29,000. Bank of America Corp DE increased its position in Prairie Operating by 203.8% during the second quarter. Bank of America Corp DE now owns 9,812 shares of the company’s stock valued at $29,000 after acquiring an additional 6,582 shares during the last quarter. Finally, Warther Private Wealth LLC purchased a new stake in Prairie Operating during the third quarter valued at $31,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

About Prairie Operating