Presidio Production (NYSE:FTW) Stock Rating Raised to “Strong-Buy” at Stephens

Presidio Production (NYSE:FTW) was upgraded by stock analysts at Stephens to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

FTW has been the subject of a number of other reports. Weiss Ratings upgraded Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, BTIG Research started coverage on shares of Presidio Production in a research report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Presidio Production Trading Down 0.2%

NYSE FTW opened at $9.50 on Wednesday. The firm’s fifty day moving average is $10.72. Presidio Production has a fifty-two week low of $9.47 and a fifty-two week high of $17.20.

Presidio Production (NYSE:FTW) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.44. The company had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $59.01 million. On average, equities research analysts anticipate that Presidio Production will post -2.54 EPS for the current year.

Hedge Funds Weigh In On Presidio Production

A hedge fund recently bought a new stake in Presidio Production stock. State Street Corp bought a new position in shares of Presidio Production Company (NYSE:FTW) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned approximately 0.18% of Presidio Production at the end of the most recent quarter.

About Presidio Production