Equities Analysts Issue Forecasts for Prairie Operating Co.’s Q3 2024 Earnings (NASDAQ:PROP)

Prairie Operating Co. (NASDAQ:PROP) – Investment analysts at Singular Research cut their Q3 2024 earnings per share (EPS) estimates for shares of Prairie Operating in a research note issued on Monday, July 1st. Singular Research analyst B. Cook now forecasts that the company will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.41. The consensus estimate for Prairie Operating’s current full-year earnings is $1.11 per share. Singular Research also issued estimates for Prairie Operating’s Q4 2024 earnings at $0.67 EPS, Q1 2025 earnings at $0.69 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.85 EPS, Q4 2025 earnings at $0.92 EPS and FY2025 earnings at $3.26 EPS.

Prairie Operating (NASDAQ:PROP) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.72).

Prairie Operating Trading Down 8.3 %

Shares of Prairie Operating stock opened at $9.73 on Wednesday. The stock has a 50 day moving average price of $12.34 and a 200-day moving average price of $10.43. Prairie Operating has a one year low of $0.14 and a one year high of $18.50.

Insider Transactions at Prairie Operating

In related news, CFO Robert Craig Owen sold 5,719 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $10.76, for a total transaction of $61,536.44. Following the completion of the transaction, the chief financial officer now owns 180,665 shares in the company, valued at approximately $1,943,955.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 34,169 shares of company stock worth $385,224. 42.00% of the stock is currently owned by company insiders.

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.