Presidio Production Company (NYSE:FTW) Stock Has Average Price Target of $15.00

Presidio Production Company (NYSE:FTW – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $15.00.

Several research firms have issued reports on FTW. Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Stephens began coverage on shares of Presidio Production in a research note on Thursday. They issued an “overweight” rating and a $15.00 price target for the company. Weiss Ratings cut shares of Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday. Finally, BTIG Research assumed coverage on shares of Presidio Production in a research report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price objective on the stock.

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Presidio Production Stock Performance

Shares of NYSE:FTW opened at $9.86 on Friday. Presidio Production has a 1 year low of $9.46 and a 1 year high of $17.20. The firm’s fifty day simple moving average is $10.69.

Presidio Production (NYSE:FTW – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.44. The business had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $59.01 million. On average, research analysts predict that Presidio Production will post -2.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Presidio Production

An institutional investor recently bought a new stake in Presidio Production stock. State Street Corp bought a new stake in shares of Presidio Production Company (NYSE:FTW – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned about 0.18% of Presidio Production at the end of the most recent quarter.

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