Presidio Production (NYSE:FTW) Issues Earnings Results

Presidio Production (NYSE:FTW) issued its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07), Zacks reports.

Presidio Production Trading Up 0.3%

NYSE:FTW traded up $0.03 during mid-day trading on Thursday, reaching $10.21. The stock had a trading volume of 77,659 shares, compared to its average volume of 92,369. The business’s 50 day moving average is $10.15 and its 200 day moving average is $11.10. Presidio Production has a fifty-two week low of $9.46 and a fifty-two week high of $17.20.

Analyst Ratings Changes

FTW has been the topic of a number of research reports. Stephens initiated coverage on shares of Presidio Production in a research note on Thursday, October 8th. They issued an “overweight” rating and a $15.00 price target on the stock. Wall Street Zen raised Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

About Presidio Production

Presidio Production Company is an independent oil and natural gas exploration and production company. Its activities include acquiring, developing and producing oil and gas properties. The company’s operations are focused on the Permian Basin, spanning West Texas and southeastern New Mexico. Presidio is based in Fort Worth, Texas.