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In a recent transaction, Bryan Freeman, the Executive Vice President of Operations at Prairie Operating Co. (NASDAQ:PROP), acquired 5,000 shares of the company’s common stock. The purchase comes as the stock trades near its 52-week low of $3.35, having declined over 70% in the past year. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $8 to $10. This purchase occurred on June 9, 2025, at a weighted average price of $3.99 per share, amounting to a total value of $19,950. Following this acquisition, Freeman now holds 127,861 shares directly. The shares were bought in multiple transactions at prices ranging from $3.985 to $4.00. With Prairie Operating’s current market capitalization of $174 million and an overall financial health score rated as ’Weak’ by InvestingPro, investors seeking deeper insights into insider trading patterns and company fundamentals can access 15+ additional ProTips and comprehensive financial metrics through InvestingPro.
In other recent news, Prairie Operating Co. announced the reaffirmation of its $475 million Reserve-Based Lending credit facility, with the potential to expand to $1 billion, backed by Citibank, N.A. and other financial institutions. This development is seen as a vote of confidence in the company’s asset base and strategic direction. Citi analysts have initiated coverage on Prairie Operating with a Buy rating, highlighting the company’s growth potential and setting a price target of $8.00 per share. The analysts noted Prairie’s recent acquisition of Bayswater as a key factor in its consolidation strategy in the DJ Basin. Additionally, Piper Sandler has given Prairie Operating an Overweight rating, with an $11.00 price target, emphasizing the company’s strategic acquisitions and robust growth prospects. Prairie Operating has also appointed Maree K. Delgado as Senior Vice President of Accounting, bringing over 20 years of experience in the energy sector. This appointment is expected to support the company’s strategic growth plan and commitment to responsible development in the DJ Basin.
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