Presidio Production Company (NYSE:FTW) Given Consensus Recommendation of “Hold” by Analysts

Shares of Presidio Production Company (NYSE:FTW) have received a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.00.

FTW has been the subject of several recent research reports. William Blair initiated coverage on shares of Presidio Production in a research report on Monday, May 18th. They issued an “outperform” rating for the company. Wall Street Zen raised Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. Weiss Ratings assumed coverage on shares of Presidio Production in a report on Wednesday. They set a “sell (e+)” rating for the company. Finally, Zacks Research upgraded shares of Presidio Production to a “hold” rating in a research report on Tuesday, May 19th.

Presidio Production Stock Performance

FTW stock traded down $0.11 on Thursday, reaching $11.41. The company had a trading volume of 60,553 shares, compared to its average volume of 97,522. Presidio Production has a 1 year low of $9.50 and a 1 year high of $17.20. The firm’s fifty day moving average price is $11.86.

Presidio Production (NYSE:FTW) last released its earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.44. The firm had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $59.01 million. On average, research analysts predict that Presidio Production will post -2.54 earnings per share for the current year.

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.