Prairie Operating Co. (NASDAQ:PROP) Stake Lifted by Barclays PLC

Barclays PLC boosted its position in Prairie Operating Co. (NASDAQ:PROP) by 321.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,996 shares of the company’s stock after purchasing an additional 4,574 shares during the period. Barclays PLC’s holdings in Prairie Operating were worth $52,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 buying an additional 22,384 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Prairie Operating in the 2nd quarter worth $208,000. Geode Capital Management LLC raised its position in shares of Prairie Operating by 16.5% during the third 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 period. Finally, Rhumbline Advisers purchased a new stake in shares of Prairie Operating during the second quarter valued at $45,000. 34.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Singular Research raised shares of Prairie Operating to a “moderate buy” rating in a research note on Monday, October 7th.

Prairie Operating Stock Performance

Prairie Operating stock opened at $9.33 on Friday. The firm’s 50 day moving average price is $7.61 and its two-hundred day moving average price is $8.53. Prairie Operating Co. has a twelve month low of $4.91 and a twelve month high of $16.08. The firm has a market cap of $213.84 million, a PE ratio of -3.11 and a beta of 1.95.

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.