Prairie Operating Co. (NASDAQ:PROP) Shares Bought by Barclays PLC

Barclays PLC raised its position in Prairie Operating Co. (NASDAQ:PROP) by 321.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,996 shares of the company’s stock after acquiring an additional 4,574 shares during the period. Barclays PLC’s holdings in Prairie Operating were worth $52,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers purchased a new position in Prairie Operating in the second quarter worth $45,000. Warberg Asset Management LLC acquired a new position in shares of Prairie Operating during the 2nd quarter worth $127,000. Bank of New York Mellon Corp purchased a new position in shares of Prairie Operating in the 2nd quarter valued at about $208,000. Finally, State Street Corp lifted its stake in shares of Prairie Operating by 56.4% in the third quarter. State Street Corp now owns 62,041 shares of the company’s stock valued at $543,000 after purchasing an additional 22,384 shares during the period. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Prairie Operating Trading Down 6.1 %

Shares of NASDAQ PROP opened at $6.47 on Friday. The stock has a market cap of $148.29 million, a price-to-earnings ratio of -2.16 and a beta of 1.95. The company’s 50-day moving average price is $7.87 and its 200 day moving average price is $8.76. Prairie Operating Co. has a 52 week low of $5.70 and a 52 week high of $16.08.

Wall Street Analysts Forecast Growth

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

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.