Presidio Production Company (NYSE:FTW) Receives $15.00 Average Target Price from Analysts

Presidio Production Company (NYSE:FTW) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $15.00.

A number of brokerages have recently issued reports on FTW. Jefferies Financial Group reiterated a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. Weiss Ratings raised Presidio Production from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. BTIG Research started coverage on Presidio Production in a research note on Wednesday, July 8th. They set a “buy” rating and a $15.00 target price for the company. Finally, Wall Street Zen upgraded Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

Presidio Production Price Performance

Presidio Production stock opened at $10.10 on Monday. The stock’s 50 day moving average is $11.26. Presidio Production has a twelve month low of $9.50 and a twelve month high of $17.20.

Presidio Production (NYSE:FTW) last released its quarterly 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 company had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $59.01 million. As a group, research analysts forecast that Presidio Production will post -2.54 EPS for the current year.

About Presidio Production

Presidio Production Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation and production of onshore hydrocarbon properties in the United States.

The company’s activities include operating producing oil and gas wells, developing existing reserves and pursuing additional acquisition opportunities. Its portfolio is associated primarily with conventional and unconventional assets in the Permian Basin and other U.S. producing regions.

Presidio Petroleum was established as a privately held energy company before becoming publicly traded under the Presidio Production name.