Presidio Production (NYSE:FTW) Stock Rated “Overweight” in New Coverage at Stephens

Stephens assumed coverage on shares of Presidio Production (NYSE:FTW) in a report released on Thursday morning, MarketBeat.com reports. The firm issued an overweight rating and a $15.00 price objective on the stock.

A number of other research analysts have also commented on FTW. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. BTIG Research started coverage on shares of Presidio Production in a report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price objective 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 raised shares of Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Presidio Production Price Performance

Shares of FTW stock opened at $9.86 on Thursday. Presidio Production has a 12-month low of $9.46 and a 12-month high of $17.20. The business has a 50 day simple moving average of $10.69.

Presidio Production (NYSE:FTW) last posted its earnings results 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 during the quarter, compared to analyst estimates of $59.01 million. Equities research analysts forecast that Presidio Production will post -2.54 EPS for the current fiscal year.

Institutional Trading of Presidio Production

A hedge fund recently bought a new stake in Presidio Production stock. State Street Corp bought a new stake in shares of Presidio Production Company (NYSE:FTW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Presidio Production Company Profile