PROP Stock Summary and Trading Ideas (Prairie Operating Co. | NASDAQ:PROP)

Prairie Operating Co is a Houston-based independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company's assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation.

Prairie Operating Co. trades on the NASDAQ stock market under the symbol PROP.

As of February 7, 2025, PROP stock price declined to $7.29 with 885,812 million shares trading.

PROP has a beta of 1.06, meaning it tends to be more sensitive to market movements. PROP has a correlation of 0.03 to the broad based SPY ETF.

PROP has a market cap of $167.08 million. This is considered a Micro Cap stock.

The top ETF exchange traded funds that PROP belongs to (by Net Assets): VXF, VTI, IWM, IWO, VTWO.

PROP has underperformed the market in the last year with a price return of -4.3% while the SPY ETF gained +23.1%. PROP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.8% and -14.6%, respectively, while the SPY returned +2.0% and -1.4%, respectively.

PROP support price is $8.00 and resistance is $9.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PROP shares will trade within this expected range on the day.