Q2 2024 EPS Estimates for Prairie Operating Co. (NASDAQ:PROP) Decreased by Analyst

Prairie Operating Co. (NASDAQ:PROP) – Equities research analysts at Singular Research lowered their Q2 2024 earnings estimates for shares of Prairie Operating in a report released on Monday, July 1st. Singular Research analyst B. Cook now anticipates that the company will post earnings per share of ($0.33) for the quarter, down from their prior estimate of $0.10. 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 FY2024 earnings at $0.55 EPS.

Prairie Operating Stock Performance

PROP opened at $9.73 on Thursday. The company’s 50 day moving average is $12.45 and its 200-day moving average is $10.42. Prairie Operating has a 1-year low of $0.14 and a 1-year high of $18.50.

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

Insider Buying and Selling

In related news, CFO Robert Craig Owen sold 3,319 shares of Prairie Operating stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $10.81, for a total transaction of $35,878.39. Following the sale, the chief financial officer now directly owns 177,346 shares in the company, valued at approximately $1,917,110.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 34,169 shares of company stock worth $385,224 in the last ninety days. Company insiders own 42.00% of the company’s stock.

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.