Citi has begun coverage of Prairie Operating (PROP, Financial) with a Buy rating and set a price target of $8. The firm appreciates Prairie's unique approach as the sole pure-play single-basin public operator implementing a roll-up strategy in the Denver-Julesburg Basin. Recently, Prairie acquired Bayswater, which is currently being integrated, indicating the company's consolidation capabilities. This growth strategy is a key factor in Citi's optimistic outlook on PROP.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Prairie Operating Co (PROP, Financial) is $13.58 with a high estimate of $21.75 and a low estimate of $9.00. The average target implies an upside of 250.99% from the current price of $3.87. More detailed estimate data can be found on the Prairie Operating Co (PROP) Forecast page.
Based on the consensus recommendation from 2 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.
