Piper Sandler analyst Mark Lear lowered the firm’s price target on Prairie Operating (PROP) to $10 from $11 and keeps an Overweight rating on the shares. Coming out of Q1 2025 earnings, the firm is adjusting its near-term commodity price forecast, maintaining its long-term mid-cycle oil and raising mid-cycle gas to $3.50 from $3.25. In E&P, Piper continues to look for a balance of operational flexibility, deep high-return inventory runways and low reinvestment rates through FY26.
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:
- 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
- Prairie Operating Co. initiated with an Overweight at Piper Sandler
- Prairie Operating Co. begins completion of Opal Coalbank Pad
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue