Prairie Operating Co reports results for the quarter ended June 30 - Earnings Summary

• Prairie Operating Co PROP.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -70 cents. The mean expectation of five analysts for the quarter was for earnings of $1.18 per share. Wall Street expected results to range from 59 cents to $2.07 per share.

• Revenue was $68.10 million​; analysts expected $132.28 million.

• Prairie Operating Co's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $35.68 million.

• Prairie Operating Co shares had risen by 20.5% this quarter and lost 47.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for Prairie Operating Co is $9.00, about 59.9% above its last closing price of $3.61

This summary was machine generated from LSEG data August 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)