Presidio Production (NYSE:FTW) Releases Quarterly Earnings Results, Beats Expectations By $0.44 EPS

Presidio Production (NYSE:FTW) released its quarterly earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.44, Zacks reports.

Presidio Production Price Performance

NYSE:FTW remained flat at $11.39 during trading hours on Tuesday. 70,132 shares of the company were exchanged, compared to its average volume of 96,268. The company has a 50 day moving average price of $12.03. Presidio Production has a 12-month low of $9.50 and a 12-month high of $17.20.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. Zacks Research upgraded Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen cut Presidio Production from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. BTIG Research started coverage on Presidio Production in a research report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price target on the stock. Finally, William Blair started coverage on Presidio Production in a research note on Monday, May 18th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Presidio Production presently has a consensus rating of “Moderate Buy” and an average target price 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.