Prairie Operating Co. (PROP)
NASDAQ:PROP
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Prairie Operating Co
(NASDAQ:PROP)
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Rating:49Neutral
Price Target:
$1.00
▼(-19.35% Downside)
Action:Reiterated
Date:05/15/26
The score is held back primarily by unstable profitability (TTM loss after profitable 2025) and elevated balance-sheet risk from a very small equity base, alongside a weak technical downtrend. Strong operating/free cash flow and rapid revenue growth provide some support, but financing changes add mixed signals due to potential dilution and added fee obligations.
Positive Factors
Revenue Growth
Consistent top-line ramp across 2025 and TTM demonstrates durable demand and successful production scaling in the DJ Basin. Sustained revenue growth supports longer-term operating leverage, improves ability to cover fixed costs, and underpins recovery of margins over a 2–6 month horizon.
Negative Factors
Very High Leverage / Thin Equity
An extremely small equity base combined with very high leverage materially increases solvency and refinancing risk. Asset or commodity price swings can rapidly impair equity, limit borrowing options, and force dilutive financings or asset sales, constraining strategic flexibility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line ramp across 2025 and TTM demonstrates durable demand and successful production scaling in the DJ Basin. Sustained revenue growth supports longer-term operating leverage, improves ability to cover fixed costs, and underpins recovery of margins over a 2–6 month horizon.
Read all positive factors
Prairie Operating Co (PROP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$92.93M
Dividend YieldN/A
Average Volume (3M)4.13M
Price to Earnings (P/E)―
Beta (1Y)1.35
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. Volume3,533,931
30 Day Avg. Volume4,133,991
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 Cap5.72
Enterprise Value/Revenue1.70
Enterprise Value/Gross Profit3.25
Enterprise Value/Ebitda3.08
Forecast
1Y Price Target
$3.00Price Target Upside141.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.66
Revenue Forecast (FY)$352.07M
Prairie Operating Co Business Overview & Revenue Model
Company Description
Prairie Operating Co. engages in developing energy to meet growing demand, while protecting the environment. The company was formerly known as Creek Road Miners, Inc. and changed its name to Prairie Operating Co. in May 2023. Prairie Operating Co....
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 | 163.52M | 121.18M | 4.79M | 0.00 | 0.00 | 88.01K |
| EBITDA | 172.45M | 131.14M | -38.29M | -61.90M | -461.52K | -17.91M |
| Net Income | -139.73M | 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
1.40
Negative
1.61
Negative
1.81
Negative
Market Momentum
-0.15
Negative
40.85
Neutral
39.61
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 1.03, below the 50-day MA of 1.40, and below the 200-day MA of 1.81, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 40.85 is Neutral, neither overbought nor oversold. The STOCH value of 39.61 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 | $5.27B | -0.62 | -52.07% | ― | 23.08% | -291.74% | |
49 Neutral | $92.93M | -0.23 | -113.79% | ― | 1350.36% | 72.90% | |
49 Neutral | $1.18B | -2.88 | -29.72% | ― | 1310.53% | 70.57% | |
47 Neutral | $7.75M | 0.22 | ― | ― | ― | ― | |
44 Neutral | $21.01M | -0.96 | ― | ― | 1.56% | ― |
* Energy Sector Average
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Prairie Operating Co Corporate Events
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...
Business Operations and StrategyExecutive/Board Changes
Prairie Operating Announces Executive Departures and Interim Leadership
Neutral
Mar 3, 2026
On March 2, 2026, Prairie Operating Co. announced the voluntary resignation of co-founder Edward Kovalik as CEO and chairman and the retirement of co-founder Gary C. Hanna as president and director, triggering a leadership reshuffle at the DJ Basi...
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.