Stock fact sheet · data as of
Prairie Operating Co. (PROP): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Exploration & Production · United States · Speculative / Distressed
Is PROP undervalued?
PROP has a margin of safety of 97%: the stock closed at 0.3676 on 16 Oct 2026 against a GLS average fair value of 13.22. 1 of the 1 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
The average is built from just 1 models (10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files PROP under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for PROP
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 13.22 | +3495% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -7.52 | -2145% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 2.00 | +444% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Prairie Operating Co. scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 2.3/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 6.4%, ROE 24.6%, ROA 3.4% - with debt at 2.85 times equity and negative free cash flow. Debt of 2.85 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
Prairie Operating Co. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Crude Oil Sales 85%, Natural Gas Sales 9%, NGL Sales 6% (quarter Q2 FY2025).
Institutional ownership scores 3/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 6.4% |
|---|---|---|---|
| GLS Moat | 2.3 / 10 | ROE | 24.6% |
| Debt / equity | 2.85 | ROA | 3.4% |
| Free-cash-flow yield | -97.3% | Payout ratio | 0% |
| Institutions | 3 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Prairie Operating Co. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 9/20, Moat 3/15, Premium 5/20, Stability 13/20 - show where: Moat (3/15) scores lowest.
Implied volatility is 211%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. The option chain is deep: 60,107 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 1.4M shares a day on a market cap of $36M, with a beta of -0.95 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 97% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 3 / 15 | moat 2.3/10 | |
| Premium | 5 / 20 | implied volatility 211% | |
| Stability | 13 / 20 | 1.4M shares/day, $36M cap, beta -0.95 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 12 Nov 2026, 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Exploration & Production
The 12 companies below are the closest to Prairie Operating Co. by market cap within the Oil & Gas Exploration & Production industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AGIG Abundia Global Impact Group Inc. | 0.8500 | - | - | 24No options | $38M |
| RSRV The Reserve Petroleum Company | 226.00 | 348.94 | +35% | 39No options | $34M |
| INDO Indonesia Energy Corporation Limited | 2.61 | - | - | 29No options | $40M |
| SPND Spindletop Oil & Gas Co. | 4.70 | - | - | 34No options | $31M |
| CJAX CoJax Oil and Gas Corporation | 3.55 | 57.16 | +94% | 39No options | $50M |
| AMEN AMEN Properties, Inc. | 490.00 | 656.05 | +25% | 39No options | $26M |
| EONR EON Resources Inc | 0.4307 | 815.74 | +100% | 39No options | $24M |
| BATL Battalion Oil Corporation | 1.03 | - | - | 39No options | $23M |
| CKX CKX Lands, Inc. | 11.00 | 29.61 | +63% | 39No options | $23M |
| VOC VOC Energy Trust | 3.40 | 5.44 | +37% | 45Weak | $58M |
| PVL Permianville Royalty Trust | 1.78 | 2.07 | +14% | 44Weak | $59M |
| LRDC Laredo Oil, Inc. | 0.7000 | - | - | 27No options | $60M |
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Start free See the Sunday ScanQuestions about PROP
Is PROP undervalued right now?
By the GLS models, yes: at 0.3676 the stock is 97% below the average fair value of 13.22 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of PROP and what does it mean?
PROP scores 45 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for PROP?
13.22 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Prairie Operating Co. report earnings next?
The next earnings report is due on 12 Nov 2026, 27 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does PROP have listed options, and how liquid are they?
Yes. The nightly snapshot found 98 listed contracts with 60,107 open interest across all expiries and implied volatility of 211% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.