Prairie Operating (PROP) Continues to Gain Following Strong Q3 Results

The share price of Prairie Operating Co. (NASDAQ:PROP) surged by 6.86% between November 21 and November 28, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Prairie Operating (PROP) Continues to Gain Following Strong Q3 Results

Prairie Operating Co. (NASDAQ:PROP) is an independent energy company engaged in the development, production, and acquisition of oil and natural gas resources in the United States.

Prairie Operating Co. (NASDAQ:PROP) received a boost on November 14 when the company announced strong results for its third quarter. Prairie reported an adjusted EPS of $0.53, topping estimates by over $0.21. Adjusted EBITDA came in at a record $56.3 million, an increase of over 45% from the last quarter. However, while the company’s revenue of $77.7 million was up almost 15% sequentially, it still fell below market expectations. Notably, Prairie completed the Bayswater transition during the quarter and also closed two complementary bolt-on acquisitions, adding significantly to its portfolio. The energy firm posted record total production of 23,029 Boe/d in Q3, up by approximately 10% from the previous quarter.

Following the Q3 results, Piper Sandler reiterated its ‘Hold’ rating on Prairie Operating Co. (NASDAQ:PROP), assigning the stock a price target of $2, representing an upside potential of almost 7% from its price as of the writing of this piece. Moreover, PROP has also received a boost following recent news of a majority shareholder further boosting their stake in the company, highlighting their vote of confidence.

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Disclosure: None.