Zacks Research downgraded Prairie Operating Co. (NASDAQ:PROP) from a hold rating to a strong sell on Friday. The investment firm expects the small-cap energy company to underperform the broader market in the near term.
The rating change follows a period of significant stock volatility for the company. Zacks did not detail a specific catalyst for the downgrade in its available report.
The research note also included updates on institutional ownership data and other recent analyst rating changes.