Clear Street lowered the firm’s price target on Prairie Operating (PROP) to $11 from $13 and keeps a Buy rating on the shares following a “disappointing” sales and EBITDA miss in Q2. Following the report, the firm reduced its adjusted EBITDA estimates by 30% for 2025 and by 22% for 2026 to factor in the large miss in the June quarter, the lower production output at Bayswater and the delayed ramp-up of new drilling and completions, the analyst tells investors.
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