Singular Research Has Negative View of PROP FY2024 Earnings

Prairie Operating Co. (NASDAQ:PROP) – Analysts at Singular Research decreased their FY2024 EPS estimates for shares of Prairie Operating in a report issued on Monday, February 10th. Singular Research analyst G. Sriharan now anticipates that the company will post earnings of ($2.13) per share for the year, down from their previous forecast 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 Stock Performance

Shares of Prairie Operating stock opened at $8.81 on Wednesday. Prairie Operating has a twelve month low of $4.91 and a twelve month high of $16.08. The business has a 50-day moving average price of $7.64 and a 200 day moving average price of $8.42.

Institutional Investors Weigh In On Prairie Operating

Several large investors have recently bought and sold shares of PROP. Geode Capital Management LLC boosted its holdings in shares of Prairie Operating by 16.5% during the 3rd quarter. Geode Capital Management LLC now owns 121,966 shares of the company’s stock worth $1,069,000 after purchasing an additional 17,290 shares during the last quarter. State Street Corp increased its holdings 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 last quarter. Rhumbline Advisers lifted its position in Prairie Operating by 1,053.9% during the fourth quarter. Rhumbline Advisers now owns 40,224 shares of the company’s stock worth $278,000 after buying an additional 36,738 shares in the last quarter. Traynor Capital Management Inc. acquired a new position in Prairie Operating during the fourth quarter worth $146,000. Finally, Navigation Wealth Management Inc. purchased a new stake in Prairie Operating in the 4th quarter valued at $83,000. 34.28% of the stock is currently owned by hedge funds and other 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.