Presidio Production Company (FTW) – What Are Analysts Thinking About This Stock?

Shares of Presidio Production Company (NYSE:FTW) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.00.

Several analysts have issued reports on the company. Wall Street Zen raised Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. BTIG Research began coverage on Presidio Production in a research report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price objective for the company. Weiss Ratings downgraded Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday. Finally, Stephens assumed coverage on Presidio Production in a research report on Thursday, October 8th. They issued an “overweight” rating and a $15.00 target price on the stock.

Presidio Production Stock Down 1.6%

Shares of FTW stock opened at $9.88 on Friday. Presidio Production has a 12-month low of $9.46 and a 12-month high of $17.20. The stock’s fifty day moving average is $10.63.

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

Hedge Funds Weigh In On Presidio Production

An institutional investor recently bought a new stake in Presidio Production stock. State Street Corp acquired a new stake in Presidio Production Company (NYSE:FTW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned about 0.18% of Presidio Production as of its most recent SEC filing.

About Presidio Production