Prairie Operating (PROP) Fell by Over 17% This Week. Here is Why.

The share price of Prairie Operating Co. (NASDAQ:PROP) fell by 17.63% between June 18 and June 25, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Prairie Operating (PROP) Fell by Over 17% This Week. Here is Why.

A rig pumping oil in the midst of a sun-baked desert.

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

The share price of Prairie Operating Co. (NASDAQ:PROP) fell after the company announced that it had entered into an equity distribution agreement with Citigroup Global Markets Inc. and Truist Securities, Inc., allowing Prairie to sell up to $75 million worth of its common stock.

Prairie Operating Co. (NASDAQ:PROP) intends to use the net proceeds from the sale for general corporate purposes, including advancing its development and drilling program, repayment of existing indebtedness, or financing potential acquisition opportunities.

The new offering represents an immediate decrease in as-adjusted net tangible book value of $0.39 per share to existing shareholders and an immediate and substantial dilution of $0.82 per share to new investors.

As of the writing of this piece, the share price of Prairie Operating Co. (NASDAQ:PROP) has fallen by more than 50% since the beginning of 2025.

While we acknowledge the potential of PROP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT:  10 Best Nuclear Energy Stocks to Buy Right Now and 12 Best Natural Gas Stocks to Buy According to Analysts

Disclosure: None.