Why These Energy Stocks are Losing This Week

3. Prairie Operating Co. (NASDAQ:PROP)

Share Price Decline Between June 18 – June 25: 17.63%

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.