Prairie Operating Co. (NASDAQ:PROP) Stock Position Lifted by State Street Corp

State Street Corp boosted its stake in Prairie Operating Co. (NASDAQ:PROP) by 56.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,041 shares of the company’s stock after buying an additional 22,384 shares during the quarter. State Street Corp’s holdings in Prairie Operating were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers purchased a new stake in shares of Prairie Operating during the second quarter worth $45,000. Warberg Asset Management LLC purchased a new stake in shares of Prairie Operating during the 2nd quarter worth about $127,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Prairie Operating during the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

Analyst Ratings Changes

Separately, Singular Research upgraded Prairie Operating to a “moderate buy” rating in a report on Monday, October 7th.

Prairie Operating Price Performance

Shares of NASDAQ:PROP opened at $6.74 on Friday. The stock has a market capitalization of $154.47 million, a P/E ratio of -2.25 and a beta of 1.96. The business has a 50-day moving average of $8.02 and a two-hundred day moving average of $8.86. Prairie Operating Co. has a fifty-two week low of $5.70 and a fifty-two week high of $16.08.

Prairie Operating 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.