Company Overview - Prairie Operating Co. is an independent energy company focused on the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin [1][5] - The company's operations are primarily concentrated in the oil and liquids-rich regions of the DJ Basin, specifically targeting the Niobrara and Codell formations [5] Leadership Appointment - Maree K. Delgado has been appointed as Senior Vice President of Accounting & Controller, bringing over two decades of experience in financial accounting, regulatory compliance, and risk management within the energy sector [2][3] - Delgado's previous role was as E&P Controller at Antero Resources Corporation, where she managed financial reporting, SOX compliance, treasury, and revenue accounting [3] - Her appointment is part of Prairie's strategy to enhance operational excellence, financial discipline, and governance as the company scales its DJ Basin platform [2][5] Professional Background - Delgado is a Certified Public Accountant with a Bachelor of Commerce in Accounting and Business Law from Curtin University of Technology in Western Australia [4] - She has global audit experience from KPMG, managing energy-focused audits across multiple continents [4] - Prior to her role at Antero, she held key executive positions at Ultra Petroleum Corp, overseeing significant corporate transitions [3]

Core Viewpoint - Prairie Operating Co. (PROP) has received a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the importance of changing earnings estimates in determining near-term stock price movements, making it a valuable tool for investors [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, which can result in stock price movements [4]. Company Performance Indicators - The recent upgrade for Prairie Operating Co. indicates a positive outlook on its earnings, suggesting that the stock price may rise as investors respond to the improving business trend [5][10]. - Prairie Operating Co. is projected to earn $6.07 per share for the fiscal year ending December 2025, reflecting a substantial year-over-year increase of 389.1% [8]. - Over the past three months, the Zacks Consensus Estimate for Prairie Operating Co. has risen by 148.8%, indicating strong upward revisions in earnings estimates [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimate revisions, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Prairie Operating Co. to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Prairie Operating Co. (PROP) has been beaten down lately with too much selling pressure. While the stock has lost 36% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscil ...

Core Viewpoint - Prairie Operating Co. is advancing its operational and financial initiatives, focusing on the completion of nine DUC wells and the development of the Rusch Pad, while leveraging a strategic hedging program to ensure financial stability in a volatile market [2][3][7]. Group 1: Opal Coalbank Development - The Opal Coalbank project includes nine DUC wells acquired from Bayswater, with a focus on unlocking immediate cash flow by completing six wells in the Codell and three in the Niobrara B formations [3][4]. - Completions are set to begin in May, with production expected to start by summer, utilizing a tailored design optimized through multivariate and geo-mechanical analysis [4]. Group 2: Rusch Pad Development - An 11-well development program at the Rusch Pad is ahead of schedule, with three wells successfully drilled and cased, and drilling expected to be completed by early June [5][6]. - The use of Precision's premier rig has resulted in faster cycle times and significant emissions reductions, showcasing the company's commitment to operational excellence [6]. Group 3: Hedging Program - Prairie's strategic hedging program has a mark-to-market value of approximately $70 million, providing strong cash flow stability and pricing certainty [7][8]. - The program covers about 85% of Prairie's remaining daily production for 2025, locking in prices at $68.27 per barrel WTI and $4.28 per MMBtu Henry Hub [8].

Core Viewpoint - Prairie Operating Co. has successfully implemented a strategic hedging program covering approximately 85% of its current daily production, executed before the recent decline in oil and gas prices, following the acquisition of DJ Basin assets from Bayswater Exploration and Production [1][2]. Group 1: Hedging Strategy - The hedging initiative secures strong pricing, enhances visibility, and demonstrates the company's commitment to capital discipline and long-term value creation [2]. - The hedging strategy is part of a broader growth plan, protecting cash flows, reducing risk, and positioning the company for accelerated growth while delivering long-term shareholder value [3]. Group 2: Operational Focus - Prairie is advancing development in the DJ Basin, including the recently announced 11-well Rusch Pad targeting the Niobrara and Codell formations [3]. - The company emphasizes operational execution, cost efficiency, and disciplined capital allocation, supported by a strong balance sheet and proactive risk management [3]. Group 3: Company Overview - Prairie Operating Co. is an independent energy company focused on the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, particularly in the Niobrara and Codell formations [4]. - The company is committed to responsible resource development and maximizing returns through consistent growth and sustainable cash flow generation [4]. Group 4: Production Pricing - Remaining 2025 production is priced at $68.27 per barrel for WTI and $4.28 per MMBtu for Henry Hub, while production from 2026 to Q1 2028 is priced at $64.29 per barrel for WTI and $4.09 per MMBtu for Henry Hub [6].

A downtrend has been apparent in Prairie Operating Co. (PROP) lately with too much selling pressure. The stock has declined 35.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

Core Viewpoint - Prairie Operating Co. has launched an 11-well development program at the Rusch Pad in Weld County, Colorado, as part of its strategy to expand production and enhance operational efficiencies in the DJ Basin [1][3]. Development Program - The Rusch Pad development will consist of eleven two-mile lateral wells, alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone, with drilling expected to be completed by early June and initial production anticipated in early August [2][3]. - Hydraulic fracturing will commence shortly after drilling completion, and to minimize environmental impact, the company will utilize Precision's E-rig 461, which is powered by natural gas generators with battery backup [2]. Strategic Importance - The Rusch Pad development is a significant step in Prairie's growth strategy following the acquisition of Bayswater assets, which has expanded the company's position in the DJ Basin [3]. - The company is focused on integrating these new assets, capturing operational efficiencies, and executing its development program to drive production growth and cash flow generation [3]. Company Overview - Prairie Operating Co. is an independent energy company based in Houston, engaged in the development and acquisition of oil and natural gas resources in the United States, primarily in the DJ Basin [4]. - The company focuses on the Niobrara and Codell formations and is committed to responsible resource development while maximizing returns through consistent growth and capital discipline [4].

Core Insights - Bayswater Exploration and Production has successfully closed a sale of certain DJ Basin assets to Prairie Operating Co. for approximately $603 million in cash and stock [1][2] - The transaction includes the acquisition of around 24,000 leased acres, 300 horizontal wells producing 27,500 barrels of oil equivalent per day, and a saltwater disposal system [2] - Following the sale, Bayswater will retain 70 horizontal wells producing approximately 18,000 BOED and is committed to continuing operations in Colorado [3] Company Overview - Bayswater is a privately held oil and natural gas development company with operations in Colorado and Texas, focusing on responsible energy development and minimizing environmental impacts [4] - The company has been operating in the DJ Basin for 16 years and aims to rebuild its Colorado footprint in the coming years [3]

Company Overview - Prairie Operating Co. (PROP) is an independent oil and gas company based in Houston, focusing on acquiring and developing assets in the DJ Basin, particularly in the Niobrara and Codell formations [2] - The company benefits from its strategic location near major industry players like Chevron and Occidental Petroleum, which allows for efficient permitting and drilling processes [2] Recent Performance and Acquisition - Prairie Operating has experienced a 39% decline in stock price over the past six months, reaching a 52-week low of $4.50 [1] - The company made a significant acquisition of Bayswater's DJ Basin assets for $602.75 million, adding 24,000 net acres and 26,000 barrels of oil equivalent per day (BOE/d) in production [3] Production Growth Targets - Prairie Operating aims for a production increase to 7,000-8,000 BOE/d by 2025, representing a 300% increase from the previous year [8] - Post-acquisition, production is expected to rise to 29,000-31,000 BOE/d, positioning the company as a major player in the DJ Basin [8] Earnings Growth Expectations - The Zacks Consensus Estimate predicts a 327.6% increase in earnings for 2025, with analysts revising their earnings forecast from $2.44 per share to $4.78 over the past 60 days [10] - Projected net income for 2025 is between $69 million and $102 million, with adjusted EBITDA expected to jump to $350-$370 million post-acquisition [11] Operational Efficiencies - Prairie Operating plans to optimize costs and enhance production efficiency by leveraging existing midstream infrastructure and multi-well pad drilling strategies [12] - The focus on high-return oil formations ensures strong margins and rapid payback periods, with some wells expected to recover costs in less than a year [12] Financial Outlook - The company has expanded its credit facility to $475 million, providing sufficient liquidity for aggressive expansion while maintaining a manageable leverage ratio of 1.0x [11] - Capital expenditures are projected to rise significantly, with planned spending between $300 million and $320 million in 2025 [13]

Core Insights - Prairie Operating Co. has successfully closed a $602.75 million acquisition of certain assets in the Denver-Julesburg Basin, significantly enhancing its operational footprint and production capabilities [1][4][5] - The acquisition adds approximately 55,000 net acres and increases average daily production by about 25,700 net BOEPD, with a substantial uplift expected in 2025 production, revenue, and adjusted EBITDA [1][4][12] - The transaction is expected to be immediately accretive to per-share cash flow metrics while maintaining a strong balance sheet with an anticipated leverage ratio of around 1.0x at closing [12] Transaction Highlights - The acquired assets contribute 77.9 million barrels of oil equivalent (MMBOE) in proved reserves, with an estimated PV-10 value of $1.1 billion [4] - The acquisition is positioned to create meaningful value for shareholders and reinforce Prairie's commitment to long-term shareholder value [4][12] - The transaction was funded through a combination of preferred stock issuance, common stock public offering, and a draw on an expanded credit facility [5][6] Company Overview - Prairie Operating Co. is an independent energy company based in Houston, focused on the development and acquisition of oil and natural gas resources in the U.S., particularly in the DJ Basin [7] - The company aims to maximize returns through consistent growth, capital discipline, and sustainable cash flow generation [7]