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Prairie Operating Co

Prairie Operating Co

PROP
$0.78USD↑+8.22%+0.06 today

MARKET CAP

75.8M

P/E (TTM)

—

FWD P/E

0.7x

DAY RANGE

$1 – $1

52W RANGE

$1
$4

AI Summary

Stalk
Sell NowMedium

PROP remains firmly in a Stage 4 downtrend with a clear lower-highs/lower-lows sequence and no mean-reversion eligibility. The medium-term bias is bearish and short-term timing remains unfavorable, as price is trading below declining EMAs without signs of exhaustion or a base. Execution calls for selling now into any rallies toward EMA resistance zones, respecting the ongoing supply dominance.

  • ↑Q1 production 2.1M BOE (23.2k BOE/d; ~72% liquids) with wells exceeding expectations.
  • ↑Q1 revenue $83.4M at $67.9/bbl oil underpins strong earnings power.
  • ↓Q1 net loss $174M ($2.16/sh) from Series F warrant fair-value charges.
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The case for & against

Bull & Bear analysis

Bearish

Prairie Operating Company (NASDAQ:PROP) is an independent oil and gas operator primarily focused on the exploration and production of resources in the DJ Basin. With over 63,000 net acres, the company emphasizes disciplined capital allocation and operational efficiency to drive long-term shareholder value. Prairie is located within the energy sector, positioning itself amid increasing oil demands and evolving market conditions to optimize production and protect margins through effective risk management strategies.

Bull says

  • ↑Q1 production 2.1M BOE (23.2k BOE/d; ~72% liquids) with wells exceeding expectations.
  • ↑Q1 revenue $83.4M at $67.9/bbl oil underpins strong earnings power.
  • ↑Net cash from operations $42.3M funds capex and bolsters stability.
  • ↑Liquidity of $113.5M and $475M credit line provides growth flexibility.
  • ↑80% of 2026 production hedged to shield cash flows from volatility.
  • ↑High oil-price sensitivity with manageable leverage enhances upside.

Bear says

  • ↓Q1 net loss $174M ($2.16/sh) from Series F warrant fair-value charges.
  • ↓Weak profitability metrics suggest challenges in sustainable earnings generation.
  • ↓Elevated short interest reflects bearish investor sentiment and selling pressure.
  • ↓Smaller scale vs. larger peers limits cost and pricing competitiveness.
  • ↓Leadership transitions and asset integration risks could disrupt execution.
  • ↓Weak earnings yield factor may weigh on valuation and returns.

Investment themes with PROP

Oil & Gas Exploration & Production↑ +0.54%

Upstream hydrocarbon extraction fueling energy markets

COP · EOG · OXY
Most Shorted Stocks↑ +0.54%

Stocks with highest short interest

LITE · FSLY · SPHR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-15-2026bullish

Transcript signals

Bull points

  • For the first quarter, Prairie generated total revenue of approximately $83.4 million, driven by realized prices excluding hedges of $67.91 per barrel of oil, $13.33 per barrel of NGLs, and $2.53 per mcf of natural gas.
  • Adjusted EBITDA for the quarter totaled $37.2 million, demonstrating the continued earnings power of our asset base and the benefits of increased scale.
  • Net cash provided by operating activities totaled approximately $42.3 million, reflecting strong underlying cash flow generation.

Bear points

  • Net loss attributable to common was approximately $174.4 million, or $2.16 per share, primarily reflecting non-cash impacts related to derivative market-to-market adjustments and fair value adjustments of the Series F preferred stock warrants.
  • you know, until we find a wholesome solution for the PREFF, we're more on the sidelines.
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