Prairie Operating Soars 13.23% on Hedging Program, 2025 Guidance

Generado por agente de IAAinvest Movers Radar
jueves, 10 de abril de 2025, 8:25 am ET1 min de lectura
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On April 10, 2025, Prairie Operating's stock surged by 13.23% in pre-market trading, marking a significant rise in investor confidence and market sentiment.

Prairie Operating Co. has recently implemented a strategic hedging program that covers approximately 85% of its current daily production in the Denver-Julesburg Basin. This move is aimed at mitigating price volatility and ensuring stable cash flow, which has been well-received by investors.

In addition to the hedging program, Prairie OperatingPROP-- Co. announced its 2025 guidance, which includes capital expenditures estimated at $120-$130 million. This strategic investment is expected to drive future growth and operational efficiency, further boosting investor optimism.

Despite recording a net income of -$79.08 million and generating -$3.00 earnings per share over the last four quarters, the company's proactive measures and strategic initiatives have positioned it for a potential turnaround, attracting positive market attention.

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