Presidio Production (NYSE:FTW) Stock Rating Lowered by Wall Street Zen

Presidio Production (NYSE:FTW) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other equities analysts have also weighed in on the stock. Zacks Research raised shares of Presidio Production to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research report on Wednesday. BTIG Research began coverage on shares of Presidio Production in a research note on Wednesday. They issued a “buy” rating and a $15.00 target price for the company. Finally, William Blair assumed coverage on Presidio Production in a report on Monday, May 18th. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Presidio Production Stock Down 0.9%

Shares of FTW traded down $0.11 during trading hours on Friday, reaching $12.03. 32,293 shares of the company traded hands, compared to its average volume of 96,203. The company’s fifty day moving average price is $11.96. Presidio Production has a fifty-two week low of $9.50 and a fifty-two week high of $17.20.

Presidio Production (NYSE:FTW) last announced its earnings results on Friday, May 15th. The company reported ($3.56) earnings per share for the quarter. The company had revenue of $45.59 million for the quarter. As a group, equities analysts expect that Presidio Production will post -2.6 EPS for the current fiscal year.

Presidio Production Company Profile

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.