Shares of Presidio Production Company (NYSE:FTW – Get Free Report) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.00.
FTW has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Presidio Production from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. BTIG Research started coverage on Presidio Production in a report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Wall Street Zen upgraded Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th.
Presidio Production Price Performance
Presidio Production (NYSE:FTW – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.44. The company had revenue of $54.00 million for the quarter, compared to analyst estimates of $59.01 million. On average, sell-side analysts predict that Presidio Production will post -2.54 EPS for the current fiscal year.
Presidio Production Company Profile
Presidio Production Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation and production of onshore hydrocarbon properties in the United States.
The company’s activities include operating producing oil and gas wells, developing existing reserves and pursuing additional acquisition opportunities. Its portfolio is associated primarily with conventional and unconventional assets in the Permian Basin and other U.S. producing regions.
Presidio Petroleum was established as a privately held energy company before becoming publicly traded under the Presidio Production name.
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