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

Prairie Operating (NASDAQ:PROP) was upgraded by stock analysts at Singular Research to a “moderate buy” rating in a note issued to investors on Monday, Zacks.com reports.

Prairie Operating Stock Down 4.9 %

Shares of NASDAQ:PROP opened at $9.73 on Monday. The firm has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $10.82. Prairie Operating has a fifty-two week low of $0.35 and a fifty-two week high of $18.50.

Prairie Operating (NASDAQ:PROP) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.38). As a group, analysts expect that Prairie Operating will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Prairie Operating

A number of hedge funds have recently added to or reduced their stakes in PROP. Rhumbline Advisers acquired a new stake in shares of Prairie Operating in the 2nd quarter worth about $45,000. Warberg Asset Management LLC bought a new stake in shares of Prairie Operating during the second quarter valued at approximately $127,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Prairie Operating during the second quarter valued at approximately $208,000. 34.28% of the stock is currently owned by institutional investors.

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.