Prairie Operating CoPROP
PROP
About: Prairie Operating Co is a Houston-based independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company's assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.
Employees: 19
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
80% more capital invested
Capital invested by funds: $6.4M [Q3] → $11.5M (+$5.14M) [Q4]
22% more funds holding
Funds holding: 36 [Q3] → 44 (+8) [Q4]
1.46% more ownership
Funds ownership: 5.81% [Q3] → 7.27% (+1.46%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$11
171%
upside
Avg. target
$11
171%
upside
High target
$11
171%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler | 171%upside $11 | Overweight Initiated | 30 Apr 2025 |
Financial journalist opinion
Based on 5 articles about PROP published over the past 30 days
Negative
Zacks Investment Research
2 days ago
Prairie Operating Co. (PROP) Loses -36.01% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Prairie Operating Co. (PROP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Neutral
GlobeNewsWire
2 days ago
Prairie Operating Co. Begins Completion of the Opal Coalbank Pad, Acquired from Bayswater
Opal Coalbank consists of nine DUC wells on track for production this summer Previously announced drilling of Rusch Pad ahead of schedule Recently announced strategic hedging program “in the money” by ~$70 million HOUSTON, TX, April 28, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) – an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin – today announced it is beginning completions of nine previously drilled but uncompleted (“DUC”) wells acquired in the recent Bayswater transaction. "We are encouraged to see continued strong progress across our operational and financial initiatives," said Edward Kovalik, Chairman and CEO of Prairie.
Neutral
Zacks Investment Research
3 weeks ago
Oil Plunges on Tariff, OPEC Shocks - 3 Stocks to Grab Now
This as an opportune time to accumulate high-quality energy names such as PROP, HPK and FTK.
Positive
Zacks Investment Research
3 weeks ago
Down -35.07% in 4 Weeks, Here's Why Prairie Operating Co. (PROP) Looks Ripe for a Turnaround
Prairie Operating Co. (PROP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Neutral
GlobeNewsWire
4 weeks ago
Prairie Operating Co. Announces 11-Well Development at Rusch Pad
HOUSTON, TX, April 02, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”), today announced the launch of an 11-well development program at the Rusch Pad in Weld County, Colorado. The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Company's continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (“DJ”) Basin.
Positive
Zacks Investment Research
1 month ago
Prairie Operating Co. (PROP) Soars 6.3%: Is Further Upside Left in the Stock?
Prairie Operating Co. (PROP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Positive
Zacks Investment Research
1 month ago
Is Prairie Operating Stock a Bargain After its Recent Decline?
PROP's $602.75 million acquisition of Bayswater's DJ Basin assets marks a major milestone in its growth strategy.
Neutral
GlobeNewsWire
1 month ago
Prairie Operating Co. Completes Transformative Acquisition from Bayswater
Expands footprint in DJ Basin to ~55,000 net acres and inventory life to ~10 years Increases average daily production by ~25,700 net BOEPD Immediately accretive and maintains strong balance sheet Houston, TX, March 26, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (Nasdaq: PROP) (the “Company,” “Prairie,” “we,” “our” or “us”), today announced the successful closing of its previously announced $602.75 million acquisition of certain Denver-Julesburg Basin (DJ Basin) assets (the “Bayswater Assets”) from Bayswater Exploration and Production and its affiliated entities (collectively, “Bayswater”). This acquisition further strengthens Prairie's position as a leading operator in the DJ Basin, enhancing its production base and long-term growth potential.
Positive
Zacks Investment Research
1 month ago
Bull Of The Day: Prairie Operating Co. (PROP)
Investors rarely get the chance to invest in a company right before a game-changing transformation, but that's exactly what's happening with Prairie Operating Co. (PROP) Zacks Rank #1 (Strong Buy). With oil prices firming up and Prairie's landmark acquisition of Bayswater, the company is set to increase daily production nearly tenfold, creating one of the most compelling growth opportunities in the energy sector today.
Neutral
GlobeNewsWire
1 month ago
Prairie Operating Co. Announces Pricing of Common Stock Offering
HOUSTON, March 24, 2025 (GLOBE NEWSWIRE) -- Prairie Operating Co. (“Prairie,” the “Company,” “we,” or “our”) (Nasdaq: PROP) announced today the pricing of an underwritten public offering of $38.5 million (the “Common Stock Offering”) of shares of its common stock, par value $0.01 (“Common Stock”) at a price to the public of $4.50 per share. The underwriters have a 30-day option to purchase up to an aggregate value of $5.8 million of additional shares of Common Stock.
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