Prairie Operating Co. (NASDAQ:PROP) Shares Purchased by State Street Corp

State Street Corp raised its stake in Prairie Operating Co. (NASDAQ:PROP) by 56.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 62,041 shares of the company’s stock after buying an additional 22,384 shares during the quarter. State Street Corp owned approximately 0.49% of Prairie Operating worth $543,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PROP. Rhumbline Advisers bought a new stake in Prairie Operating in the second quarter worth about $45,000. Warberg Asset Management LLC acquired a new position in shares of Prairie Operating in the 2nd quarter worth approximately $127,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Prairie Operating in the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Singular Research upgraded shares of Prairie Operating to a “moderate buy” rating in a report on Monday, October 7th.

Prairie Operating Stock Up 1.0 %

Shares of Prairie Operating stock opened at $6.74 on Friday. Prairie Operating Co. has a 12-month low of $5.70 and a 12-month high of $16.08. The firm has a market capitalization of $154.47 million, a PE ratio of -2.25 and a beta of 1.96. The stock’s fifty day moving average is $8.02 and its 200-day moving average is $8.86.

Prairie Operating 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.