Prairie Operating Co. sees FY25 average daily production 7K-8K BOEPD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Operational and Financial Guidance for 2025: Prairie Operating Co. anticipates an average daily production of 7,000 - 8,000 barrels of oil equivalent per day, a ~300% increase from the previous year, with capital expenditures of $120M - $130M focused on high-return drilling in the DJ Basin.
Projected Financial Performance: The company expects net income between $69M and $102M, adjusted EBITDA of $100M to $140M, and plans to drill and complete 25-28 wells, presenting a compelling investment opportunity according to CEO Edward Kovalik.
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Analyst Views on PROP
Wall Street analysts forecast PROP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PROP is 4.83 USD with a low forecast of 2.00 USD and a high forecast of 7.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.860
Low
2.00
Averages
4.83
High
7.50
Current: 1.860
Low
2.00
Averages
4.83
High
7.50
About PROP
Prairie Operating Co. is an independent energy company. The Company is focused on the acquisition and development of crude oil, natural gas, and natural gas liquids (NGLs). The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a primary focus on the Niobrara and Codell formations. The Company owns approximately 76, 000 net acres of land package within the DJ Basin, with 47 operated and non-operated proved developed producing (PDP) wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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