FY2024 EPS Forecast for Prairie Operating Cut by Analyst

Prairie Operating Co. (NASDAQ:PROP) – Equities researchers at Singular Research reduced their FY2024 earnings per share (EPS) estimates for shares of Prairie Operating in a research note issued on Monday, February 10th. Singular Research analyst G. Sriharan now forecasts that the company will post earnings per share of ($2.13) for the year, down from their previous 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 Trading Up 7.8 %

Shares of PROP opened at $9.50 on Wednesday. The business’s 50 day moving average is $7.65 and its 200 day moving average is $8.41. The company has a market capitalization of $249.36 million, a PE ratio of -3.17 and a beta of 1.94. Prairie Operating has a 12-month low of $4.91 and a 12-month high of $16.08.

Institutional Trading of Prairie Operating

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Prairie Operating by 105.5% during the 4th quarter. Geode Capital Management LLC now owns 250,614 shares of the company’s stock valued at $1,734,000 after buying an additional 128,648 shares in the last quarter. Rhumbline Advisers grew its holdings in Prairie Operating by 1,053.9% during the 4th quarter. Rhumbline Advisers now owns 40,224 shares of the company’s stock valued at $278,000 after buying an additional 36,738 shares in the last quarter. State Street Corp grew its holdings in Prairie Operating by 56.4% during the 3rd quarter. State Street Corp now owns 62,041 shares of the company’s stock valued at $543,000 after buying an additional 22,384 shares in the last quarter. Traynor Capital Management Inc. purchased a new position in Prairie Operating during the 4th quarter valued at approximately $146,000. Finally, Navigation Wealth Management Inc. purchased a new position in Prairie Operating during the 4th quarter valued at approximately $83,000. Institutional investors 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.