Presidio Production (NYSE:FTW) Raised to Strong-Buy at Stephens

Presidio Production (NYSE:FTW – Get Free Report) was upgraded by Stephens to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

A number of other equities research analysts have also recently commented on the company. BTIG Research initiated coverage on Presidio Production in a research report on Wednesday, July 8th. They set a “buy” rating and a $15.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. Wall Street Zen raised Presidio Production from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Read Our Latest Report on FTW

Presidio Production Trading Down 0.2%

Shares of NYSE FTW opened at $9.50 on Wednesday. The business’s fifty day moving average price is $10.72. Presidio Production has a 1 year low of $9.47 and a 1 year high of $17.20.

Presidio Production (NYSE:FTW – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $59.01 million. On average, research analysts anticipate that Presidio Production will post -2.54 EPS for the current year.

Institutional Investors Weigh In On Presidio Production

An institutional investor recently bought a new position in Presidio Production stock. State Street Corp bought a new stake in shares of Presidio Production Company (NYSE:FTW – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned about 0.18% of Presidio Production at the end of the most recent reporting period.

About Presidio Production

(Get Free Report)

Further Reading

Analyst Recommendations for Presidio Production (NYSE:FTW)

Receive News & Ratings for Presidio Production Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio Production and related companies with MarketBeat.com's FREE daily email newsletter.