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 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.