Citi initiated coverage of Prairie Operating (PROP) with a Buy rating and $8 price target The firm likes the company’s “unique position” as the only pure-play single-basin public operator pursuing a roll-up strategy in the Denver-Julesburg Basin Basin. Prairie’s recent acquisition of Bayswater, with integration currently ongoing, demonstrates its capacity for consolidation, the analyst tells investors in a research note. Citi says the company’s growth strategy underpins its positive outlook.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PROP:
- ClearSign Board to expand in size to seven directors
- Prairie Operating price target lowered to $10 from $11 at Piper Sandler
- Prairie Operating initiated with an Accumulate at Johnson Rice
- Prairie Operating Co Approves Key Stockholder Proposals
- Prairie Operating Co. appoints Delgado as SVP of Accounting, Controller
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue