Presidio Production’s (FTW) Buy Rating Reaffirmed at BTIG Research

Presidio Production (NYSE:FTW)‘s stock had its “buy” rating reaffirmed by equities research analysts at BTIG Research in a research note issued to investors on Friday, Benzinga reports. They currently have a $15.00 price target on the stock. BTIG Research‘s price target suggests a potential upside of 46.34% from the company’s current price.

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

Presidio Production Price Performance

NYSE:FTW traded up $0.03 on Friday, hitting $10.25. The company’s stock had a trading volume of 68,661 shares, compared to its average volume of 92,252. Presidio Production has a one year low of $9.46 and a one year high of $17.20. The stock has a fifty day moving average of $10.14 and a two-hundred day moving average of $11.10.

Presidio Production (NYSE:FTW) last posted its earnings results on Friday, November 13th. The company reported ($1.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($1.90). The company had revenue of $57.33 million during the quarter. On average, analysts anticipate that Presidio Production will post -2.54 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Presidio Production stock. State Street Corp lifted its stake in Presidio Production Company (NYSE:FTW) by 21.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,300 shares of the company’s stock after buying an additional 11,400 shares during the period. State Street Corp owned approximately 0.21% of Presidio Production worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Presidio Production Company Profile

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.