Prairie Operating Co. (PROP)
NASDAQ:PROP
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Prairie Operating Co
(NASDAQ:PROP)
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Rating:48Neutral
Price Target:
$0.86
▼(-30.48% Downside)
Action:Reiterated
Date:06/06/26
Overall score is held back mainly by weak technicals (price below major moving averages with negative MACD and low RSI) and elevated balance-sheet risk from very high leverage driven by a thin equity base. Offsetting these negatives are strong revenue growth and robust recent cash generation, but the sharp swing to a large TTM loss reduces confidence in earnings stability.
Positive Factors
Revenue Growth
Sustained high top-line growth (near +29% annually) indicates strong underlying demand and successful commercial execution. Over 2–6 months this supports scale economics, provides room to invest in operations or pay down obligations, and underpins recovery potential if margins stabilize.
Negative Factors
Very High Leverage
An extremely thin equity base and very high leverage materially raise financial fragility. The capital structure is highly sensitive to operating setbacks or asset value swings, increasing default risk, covenant pressure and cost of capital, which constrain strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high top-line growth (near +29% annually) indicates strong underlying demand and successful commercial execution. Over 2–6 months this supports scale economics, provides room to invest in operations or pay down obligations, and underpins recovery potential if margins stabilize.
Read all positive factors
Prairie Operating Co (PROP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$76.36M
Dividend YieldN/A
Average Volume (3M)2.90M
Price to Earnings (P/E)―
Beta (1Y)1.33
Revenue Growth1350.36%
EPS Growth72.90%
CountryUS
Employees19
SectorEnergy
Sector Strength52
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-1.45
Shares Outstanding97,732,170
10 Day Avg. Volume1,896,538
30 Day Avg. Volume2,901,100
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.59
Price to Sales (P/S)0.32
P/FCF Ratio-1.77
Enterprise Value/Market Cap6.93
Enterprise Value/Revenue1.69
Enterprise Value/Gross Profit3.37
Enterprise Value/Ebitda-14.39
Forecast
1Y Price Target
$2.75Price Target Upside121.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.67
Revenue Forecast (FY)$352.07M
Prairie Operating Co Business Overview & Revenue Model
Company Description
Prairie Operating Co., headquartered in Oklahoma City, Oklahoma, is focused on developing energy resources to meet growing global demand while simultaneously prioritizing environmental protection. The organization adopted its current name, Prairie...
How the Company Makes Money
null...
Prairie Operating Co Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
46
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.25M | 241.65M | 7.94M | 0.00 | 0.00 | 369.80K |
| Gross Profit | 157.03M | 121.18M | 4.79M | 0.00 | 0.00 | 88.01K |
| EBITDA | -36.76M | 131.14M | -38.29M | -61.90M | -461.52K | -17.91M |
| Net Income | -118.00M | 32.05M | -40.91M | -79.08M | -461.52K | -17.27M |
Balance Sheet | ||||||
| Total Assets | 958.75M | 944.55M | 156.55M | 45.82M | 6.79M | 13.20M |
| Cash, Cash Equivalents and Short-Term Investments | 263.00K | 20.00K | 5.19M | 13.04M | 246.36K | 2.79M |
| Total Debt | 488.86M | 370.55M | 46.53M | 136.00K | 6.54M | 5.50M |
| Total Liabilities | 958.35M | 814.38M | 103.79M | 5.65M | 13.32M | 9.00M |
| Stockholders Equity | 400.00K | 130.16M | 52.77M | 40.17M | -6.53M | 4.20M |
Cash Flow | ||||||
| Free Cash Flow | 442.26M | -43.23M | -38.59M | -33.47M | -7.49M | -16.90M |
| Operating Cash Flow | 179.24M | 153.90M | -9.35M | -11.94M | -2.19M | -6.97M |
| Investing Cash Flow | -163.82M | -655.92M | -83.41M | -23.68M | -1.82M | -9.93M |
| Financing Cash Flow | -30.13M | 496.84M | 84.91M | 48.58M | 1.47M | 17.79M |
Prairie Operating Co Technical Analysis
Negative
1.24
Price Trends
1.14
Negative
1.47
Negative
1.68
Negative
Market Momentum
-0.09
Negative
36.03
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PROP, the sentiment is Negative. The current price of 1.24 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 1.14, and below the 200-day MA of 1.68, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 36.03 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PROP.
Prairie Operating Co Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
50 Neutral | $23.26M | 3.51 | ― | ― | 1.56% | ― | |
50 Neutral | $5.37B | -2.63 | -52.07% | ― | 23.08% | -291.74% | |
50 Neutral | $911.43M | -6.10 | -29.72% | ― | 1310.53% | 70.57% | |
48 Neutral | $76.36M | -0.53 | -113.79% | ― | 1350.36% | 72.90% | |
47 Neutral | $7.71M | -0.32 | ― | ― | ― | ― |
* Energy Sector Average
PROP
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Prairie Operating Co Corporate Events
Executive/Board ChangesShareholder Meetings
Prairie Operating Shareholders Back Board and Auditor Slate
Positive
Jun 5, 2026
At Prairie Operating Co.’s 2026 Annual Meeting of Stockholders held on June 3, 2026, holders of 65,706,444 shares out of 97,344,348 outstanding common shares cast votes on board elections and auditor ratification. Stockholders elected four d...
Executive/Board Changes
Prairie Operating Co Announces Director Resignation and Transition
Neutral
Apr 22, 2026
Prairie Operating Co., a Houston-based independent energy producer focused on oil, natural gas, and natural gas liquids in the Denver-Julesburg Basin, concentrates its activities on the Niobrara and Codell formations. The company emphasizes respon...
Business Operations and StrategyPrivate Placements and Financing
Prairie Operating Restructures Hudson Bay Financing and Warrants
Positive
Apr 9, 2026
On April 8, 2026, Prairie Operating Co. agreed to repurchase 13,727 shares of its Series F Convertible Preferred Stock from Hudson Bay PH XIX LLC for about $19 million in cash plus accrued dividends paid in common stock, while issuing a warrant to...
Business Operations and StrategyPrivate Placements and Financing
Prairie Operating Amends Securities Agreement, Adds Payment Obligation
Neutral
Apr 7, 2026
Prairie Operating Co. previously entered into a securities purchase agreement under which it sold 148,250 shares of Series F preferred stock, each with a stated value of $1,000, to a group of investors and agreed to issue common stock warrants bas...
Business Operations and StrategyPrivate Placements and Financing
Prairie Operating Amends Preferred Financing, Adds Cash Fee Obligation
Negative
Mar 25, 2026
Prairie Operating Co. previously sold 148,250 shares of its Series F Preferred Stock, each with a stated value of $1,000, to a group of institutional buyers under a Securities Purchase Agreement dated March 26, 2025. As part of that financing, the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.