Presidio Production Company (NYSE:FTW) Short Interest Update

Presidio Production Company (NYSE:FTW) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 631,410 shares, a growth of 49.3% from the July 15th total of 422,797 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 112,648 shares, the days-to-cover ratio is currently 5.6 days.

Presidio Production Price Performance

FTW stock traded up $0.10 during trading on Wednesday, reaching $11.39. The stock had a trading volume of 25,111 shares, compared to its average volume of 96,344. Presidio Production has a 1-year low of $9.50 and a 1-year high of $17.20. The company has a fifty day moving average of $11.90.

Presidio Production (NYSE:FTW) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 EPS 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 analyst estimates of $59.01 million. On average, sell-side analysts anticipate that Presidio Production will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FTW shares. Zacks Research upgraded Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday. William Blair began coverage on Presidio Production in a report on Monday, May 18th. They issued an “outperform” rating for the company. BTIG Research assumed coverage on Presidio Production in a research report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Presidio Production has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About Presidio Production

Presidio Production Co is a U.S.-based energy company focused on acquiring, operating and optimizing mature oil and gas assets with a disciplined, technology-driven model.