Prairie Operating is making significant strides in its operational activities by commencing the completion of nine wells that were previously drilled but left uncompleted. These wells were part of the assets acquired through a recent transaction with Bayswater.
Edward Kovalik, Chairman and CEO of Prairie Operating, highlighted the company's ongoing efforts to strengthen both its operational and financial frameworks. The completion of efforts at the Opal Coalbank pad, alongside the development of the Rusch Pad, underscores Prairie Operating's strategy to enhance production capabilities.
The company's hedging program has also shown positive results, being effectively 'in the money,' which provides financial security necessary for these growth projects amid market volatility. Looking ahead, Prairie Operating (PROP, Financial) remains focused on maintaining operational excellence, disciplined capital allocation, and enhancing long-term value for its shareholders.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Prairie Operating Co (PROP, Financial) is $21.75 with a high estimate of $21.75 and a low estimate of $21.75. The average target implies an upside of 494.26% from the current price of $3.66. More detailed estimate data can be found on the Prairie Operating Co (PROP) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Prairie Operating Co's (PROP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
