Shares of Presidio Production Company (NYSE:FTW – Get Free Report) have been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.00.
FTW has been the subject of a number of recent analyst reports. Stephens started coverage on shares of Presidio Production in a research report on Thursday, October 8th. They issued an “overweight” rating and a $15.00 price target for the company. Wall Street Zen upgraded shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings downgraded shares of Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, October 9th.
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Presidio Production Stock Up 2.6%
FTW stock opened at $10.17 on Tuesday. The stock’s 50 day simple moving average is $10.20 and its 200 day simple moving average is $11.12. Presidio Production has a 12-month low of $9.46 and a 12-month high of $17.20.
Presidio Production (NYSE:FTW – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.44. The business had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $59.01 million. As a group, equities research analysts anticipate that Presidio Production will post -2.54 earnings per share for the current year.
Institutional Investors Weigh In On Presidio Production
An institutional investor recently bought a new stake in Presidio Production stock. State Street Corp purchased a new stake in shares of Presidio Production Company (NYSE:FTW – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned 0.18% of Presidio Production as of its most recent SEC filing.
About Presidio Production
Presidio Production Corporation (NYSE: FTW) is an independent oil and natural gas exploration and production company. The company focuses on acquiring, developing and operating upstream energy properties and generating production from oil and natural gas reserves.
Presidio Production’s operations are centered in the Permian Basin, a major hydrocarbon-producing region in West Texas and southeastern New Mexico. Its asset portfolio includes producing properties and development opportunities, with activities spanning drilling, well operations, production management and field-level development.
The company’s business is primarily focused on the exploration, development and production of hydrocarbons rather than refining or marketing finished petroleum products.
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