Piper Sandler last night downgraded Prairie Operating (PROP) to Neutral from Overweight with a price target of $3, down from $9. The company reported “disappointing” results and reduced its fiscal 2025 production guidance, the analyst tells investors in a research note. Piper believes risk to Prairie ‘s execution and “surprisingly high” potential dilution from its series F preferred issuance that came with the Bayswater acquisition will continue to weigh on the stock.
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Read More on PROP:
- Prairie Operating downgraded to Neutral from Overweight at Piper Sandler
- Prairie Operating Co Amends Executive Compensation Agreements
- Prairie Operating price target lowered to $11 from $13 at Clear Street
- Prairie Operating Co. Reports Strong Q1 2025 Results
- Prairie Operating price target lowered to $9 from $10 at Piper Sandler