Prairie Operating Co. (PROP)Energy | Oil & Gas E&P | Houston, United States | NasdaqCM
1.24 USD
-0.07
(-5.344%) ⇩
(April 17, 2026, 4 p.m.
EDT)
After hours: 1.24 Short-term: ★☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:51 a.m. EDT
PROP is a fundamental value trap in distress. With negative trailing earnings, massive cash burn (-$534M FCF), and a balance sheet crippled by high debt-to-equity (104%), the stock has fractured by 43% upon 2026 guidance cuts and restructuring. Despite a low forward P/E, the lack of dividends, negative equity trends, and overwhelming options positioning against downside signal that the 'cheap' valuation is priced out of existence. The recent price action in April (dropping from ~2.50 to ~1.24) validates seller dominance; avoid until fundamental distress abates. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.121997 |
| AutoETS | 0.122911 |
| AutoTheta | 0.125056 |
| AutoARIMA | 0.127379 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 19.60 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.748 |
| Excess Kurtosis | 0.18 |
| Attribute | Value |
|---|---|
| Sector | Energy |
| Debt to Equity Ratio | 104.046 |
| Revenue per Share | 5.342 |
| Market Cap | 94,952,040 |
| Forward P/E | 1.28 |
| Beta | -0.17 |
| Profit Margins | 13.26% |
| Previous Name | Prairie Operating Co., LLC |
| Website | https://www.prairieopco.com |
As of April 19, 2026, 12:51 a.m. EDT: Near-term expiration (April 17) shows extreme Implied Volatility (IV) disparity with puts traded at 5.13 IV vs calls at 8.81 IV, reflecting recent OTM drop and pin levels. However, Open Interest (OI) heavily favors downside protection: in April, OI at 1.5 is 2.4k vs only 2.6k at 1.0; notably, deep OTM puts (40 strike) saw a 47 contract volume spike compared to minimal call flow, signaling a 'cyrene' of downside selling or a hedge against further restructuring. In the May expiration, Put OI at 1.5 is 2.3k, far exceeding Call OI which is negligible. While ATM calls have higher volume on the surface for April 17, the aggregate OI distribution and the specific news-driven crash suggest positioning is defensive long-side (putting) or executive hedging.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.6923077 |
| Address1 | 55 Waugh Drive |
| Address2 | Suite 400 |
| All Time High | 752.94116 |
| All Time Low | 1.21 |
| Ask | 1.28 |
| Ask Size | 45 |
| Audit Risk | 8 |
| Average Analyst Rating | 2.0 - Buy |
| Average Daily Volume10 Day | 9,385,680 |
| Average Daily Volume3 Month | 4,112,693 |
| Average Volume | 4,112,693 |
| Average Volume10Days | 9,385,680 |
| Beta | -0.167 |
| Bid | 1.21 |
| Bid Size | 45 |
| Board Risk | 7 |
| Book Value | 2.083 |
| City | Houston |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 1.24 |
| Current Ratio | 0.634 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 1.27 |
| Day Low | 1.21 |
| Debt To Equity | 104.046 |
| Display Name | Prairie Operating |
| Dividend Date | 1,582,761,600 |
| Earnings Call Timestamp End | 1,774,960,200 |
| Earnings Call Timestamp Start | 1,774,960,200 |
| Earnings Timestamp | 1,774,900,800 |
| Earnings Timestamp End | 1,778,875,200 |
| Earnings Timestamp Start | 1,778,875,200 |
| Ebitda | 119,666,000 |
| Ebitda Margins | 0.49521 |
| Enterprise To Ebitda | 5.783 |
| Enterprise To Revenue | 2.864 |
| Enterprise Value | 692,078,016 |
| Eps Current Year | 0.675 |
| Eps Forward | 0.97 |
| Eps Trailing Twelve Months | -1.35 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 1.7692 |
| Fifty Day Average Change | -0.52919996 |
| Fifty Day Average Change Percent | -0.29911822 |
| Fifty Two Week Change Percent | -69.230774 |
| Fifty Two Week High | 4.8 |
| Fifty Two Week High Change | -3.5600002 |
| Fifty Two Week High Change Percent | -0.7416667 |
| Fifty Two Week Low | 1.21 |
| Fifty Two Week Low Change | 0.029999971 |
| Fifty Two Week Low Change Percent | 0.024793364 |
| Fifty Two Week Range | 1.21 - 4.8 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,361,284,200,000 |
| Float Shares | 74,483,747 |
| Forward Eps | 0.97 |
| Forward P E | 1.2783505 |
| Free Cashflow | -534,919,872 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 59 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.7039 |
| Gross Profits | 170,096,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.41312 |
| Held Percent Institutions | 0.20832 |
| Implied Shares Outstanding | 76,574,223 |
| Industry | Oil & Gas E&P |
| Industry Disp | Oil & Gas E&P |
| Industry Key | oil-gas-e-p |
| Ipo Expected Date | 2,023-12-28 |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,697,414,400 |
| Last Split Factor | 34:1000 |
| Long Business Summary | Prairie Operating Co., an independent energy company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids resources in the United States. Prairie Operating Co. is based in Houston, Texas. |
| Long Name | Prairie Operating Co. |
| Market | us_market |
| Market Cap | 94,952,040 |
| Market State | PREPRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1792348219 |
| Most Recent Quarter | 1,767,139,200 |
| Name Change Date | 2,026-04-19 |
| Net Income To Common | -60,907,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 95,334,907 |
| Number Of Analyst Opinions | 3 |
| Open | 1.25 |
| Operating Cashflow | 153,902,000 |
| Operating Margins | 0.21625 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 713 766 1200 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 1.24 |
| Post Market Time | 1,776,470,368 |
| Prev Name | Prairie Operating Co., LLC |
| Previous Close | 1.31 |
| Price Eps Current Year | 1.837037 |
| Price Hint | 4 |
| Price To Book | 0.59529525 |
| Price To Sales Trailing12 Months | 0.39293534 |
| Profit Margins | 0.13264 |
| Quick Ratio | 0.365 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | buy |
| Recommendation Mean | 2.0 |
| Region | US |
| Regular Market Change | -0.0699999 |
| Regular Market Change Percent | -5.34351 |
| Regular Market Day High | 1.27 |
| Regular Market Day Low | 1.21 |
| Regular Market Day Range | 1.21 - 1.27 |
| Regular Market Open | 1.25 |
| Regular Market Previous Close | 1.31 |
| Regular Market Price | 1.24 |
| Regular Market Time | 1,776,456,000 |
| Regular Market Volume | 4,216,994 |
| Return On Assets | 0.07617 |
| Return On Equity | 0.15665 |
| Revenue Growth | 9.456 |
| Revenue Per Share | 5.342 |
| Sand P52 Week Change | 0.38150132 |
| Sector | Energy |
| Sector Disp | Energy |
| Sector Key | energy |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 76,574,223 |
| Shares Percent Shares Out | 0.065 |
| Shares Short | 4,977,311 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 8,186,045 |
| Short Name | Prairie Operating Co. |
| Short Percent Of Float | 0.0975 |
| Short Ratio | 1.02 |
| Source Interval | 15 |
| State | TX |
| Symbol | PROP |
| Target High Price | 4.75 |
| Target Low Price | 2.0 |
| Target Mean Price | 3.58333 |
| Target Median Price | 4.0 |
| Total Cash | 20,000 |
| Total Cash Per Share | 0.0 |
| Total Debt | 370,865,984 |
| Total Revenue | 241,648,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.35 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 2.131575 |
| Two Hundred Day Average Change | -0.8915751 |
| Two Hundred Day Average Change Percent | -0.41827056 |
| Type Disp | Equity |
| Volume | 4,216,994 |
| Website | https://www.prairieopco.com |
| Zip | 77,007 |