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Prairie Operating Co
(NASDAQ:PROP)
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Rating:49Neutral
Price Target:
$0.65
▼(-47.42% Downside)
Action:Reiterated
Date:06/26/26
The score is held back primarily by unstable profitability and a high-risk balance sheet with very thin equity and elevated leverage, alongside bearish technicals (price below major moving averages with negative MACD). Strong revenue growth and solid cash generation provide some support, while valuation is constrained by negative earnings; corporate events are mildly positive but not enough to offset the core financial and technical risks.
Positive Factors
Revenue Growth
Sustained high revenue growth (near +29% y/y) indicates durable topline momentum and market demand for Prairie’s assets. Over a 2–6 month horizon, persistent top-line expansion supports scale economics, future cash generation and the ability to invest in operations or pay down obligations.
Negative Factors
Thin Equity Base
An extremely small equity base with very high leverage materially raises solvency and refinancing risk. Equity erosion makes the capital structure sensitive to operational setbacks or commodity price swings, constraining long-term strategic flexibility and increasing bankruptcy or restructuring risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth (near +29% y/y) indicates durable topline momentum and market demand for Prairie’s assets. Over a 2–6 month horizon, persistent top-line expansion supports scale economics, future cash generation and the ability to invest in operations or pay down obligations.
Read all positive factors
Prairie Operating Co (PROP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$70.67M
Dividend YieldN/A
Average Volume (3M)3.13M
Price to Earnings (P/E)―
Beta (1Y)1.37
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. Volume3,341,564
30 Day Avg. Volume3,132,195
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.59
Price to Sales (P/S)0.32
P/FCF Ratio-1.77
Enterprise Value/Market Cap7.34
Enterprise Value/Revenue1.66
Enterprise Value/Gross Profit3.30
Enterprise Value/Ebitda-14.10
Forecast
1Y Price Target
$3.50Price Target Upside182.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.67
Revenue Forecast (FY)$380.86M
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
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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 | -60.92M | 188.80K | -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 | -24.25M | -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
0.90
Negative
1.32
Negative
1.58
Negative
Market Momentum
-0.07
Negative
42.48
Neutral
76.48
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 0.73, above the 50-day MA of 0.90, and below the 200-day MA of 1.58, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 42.48 is Neutral, neither overbought nor oversold. The STOCH value of 76.48 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% | |
52 Neutral | $28.72M | 4.29 | ― | ― | 1.56% | ― | |
49 Neutral | $70.67M | -0.50 | -96.10% | ― | 1350.36% | 72.90% | |
49 Neutral | $4.73B | -2.25 | -52.07% | ― | 23.08% | -291.74% | |
47 Neutral | $49.47M | -0.29 | 69.35% | ― | ― | ― | |
44 Neutral | $597.09M | -1.15 | -29.72% | ― | 1310.53% | 70.57% |
* Energy Sector Average
PROP
Prairie Operating Co
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-2.89
-79.97%
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Prairie Operating Co Corporate Events
Executive/Board Changes
Prairie Operating Names New CEO and CFO, Updates Pay
Positive
Jun 25, 2026
On June 23, 2026, Prairie Operating Co. promoted Executive Vice President and Chief Financial Officer Gregory S. Patton to chief executive officer and board member, and appointed former Citigroup natural resources banker Michael Shelly as executiv...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Prairie Operating Updates Credit Agreement and Capital Structure
Neutral
Jun 11, 2026
On June 10, 2026, Prairie Operating Co. amended its Amended and Restated Credit Agreement with Citibank and other lenders, reaffirming a $475 million borrowing base while tightening covenants tied to distributable free cash flow and altering repor...
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...
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.