Prairie Operating Co. (NASDAQ:PROP – Get Free Report) shares were down 3% during trading on Thursday . The company traded as low as $7.90 and last traded at $8.05. Approximately 74,860 shares changed hands during trading, a decline of 6% from the average daily volume of 79,465 shares. The stock had previously closed at $8.30.
Wall Street Analysts Forecast Growth
Separately, Singular Research upgraded shares of Prairie Operating to a “moderate buy” rating in a research report on Monday, October 7th.
Read Our Latest Analysis on PROP
Prairie Operating Stock Performance
Hedge Funds Weigh In On Prairie Operating
A number of large investors have recently modified their holdings of PROP. Rhumbline Advisers acquired a new position in Prairie Operating during the 2nd quarter valued at about $45,000. Barclays PLC boosted its stake in Prairie Operating by 321.7% in the third quarter. Barclays PLC now owns 5,996 shares of the company’s stock valued at $52,000 after acquiring an additional 4,574 shares during the last quarter. Warberg Asset Management LLC acquired a new stake in Prairie Operating during the 2nd quarter worth $127,000. Bank of New York Mellon Corp bought a new stake in shares of Prairie Operating during the 2nd quarter valued at $208,000. Finally, State Street Corp lifted its stake in shares of Prairie Operating by 56.4% in the 3rd 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. 34.28% of the stock is currently owned by institutional investors and hedge funds.
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.
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