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

Presidio Production Company (NYSE:FTW) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.00.

Several analysts have recently weighed in on FTW shares. Jefferies Financial Group reiterated a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. Stephens assumed coverage on Presidio Production in a report on Thursday, October 8th. They issued an “overweight” rating and a $15.00 price target for the company. BTIG Research assumed coverage on Presidio Production in a report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price objective on the stock. Wall Street Zen upgraded shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 9th.

Institutional Investors Weigh In On Presidio Production

An institutional investor recently bought a new position in Presidio Production stock. State Street Corp acquired a new stake in shares of Presidio Production Company (NYSE:FTW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned approximately 0.18% of Presidio Production at the end of the most recent reporting period.

Presidio Production Stock Performance

Shares of FTW stock opened at $10.00 on Friday. The business’s fifty day moving average is $10.57. Presidio Production has a 1 year low of $9.46 and a 1 year high of $17.20.

Presidio Production (NYSE:FTW) last released its earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share 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. Analysts predict that Presidio Production will post -2.54 EPS for the current year.

Presidio Production Company Profile