Presidio Production (NYSE:FTW) Now Covered by Stephens

Equities researchers at Stephens began coverage on shares of Presidio Production (NYSE:FTW – Get Free Report) in a research note issued on Thursday, Benzinga reports. The brokerage set an “overweight” rating and a $15.00 price target on the stock. Stephens’ price target would suggest a potential upside of 57.56% from the company’s current price.

Several other equities research analysts have also recently commented on FTW. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, September 25th. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. Finally, BTIG Research started coverage on Presidio Production in a report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Check Out Our Latest Stock Analysis on FTW

Presidio Production Stock Performance

Shares of FTW stock opened at $9.52 on Thursday. The business’s 50 day moving average is $10.76. Presidio Production has a 52 week low of $9.47 and a 52 week high of $17.20.

Presidio Production (NYSE:FTW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, analysts forecast that Presidio Production will post -2.54 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Presidio Production stock. State Street Corp bought a new stake in Presidio Production Company (NYSE:FTW – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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 quarter.

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Analyst Recommendations for Presidio Production (NYSE:FTW)

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