Presidio Production Company (NYSE:FTW) Receives Average Recommendation of “Hold” from Brokerages

Shares of Presidio Production Company (NYSE:FTW) have been given an average recommendation of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.00.

FTW has been the topic of a number of research analyst reports. Weiss Ratings began coverage on shares of Presidio Production in a report on Wednesday, August 19th. They issued a “sell (e+)” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. BTIG Research began coverage on shares of Presidio Production in a research note on Wednesday, July 8th. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Research raised shares of Presidio Production to a “hold” rating in a research report on Tuesday, May 19th. Finally, Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

Presidio Production Price Performance

Shares of FTW stock opened at $11.35 on Thursday. Presidio Production has a 52-week low of $9.50 and a 52-week high of $17.20. The business’s 50 day simple moving average is $11.78.

Presidio Production (NYSE:FTW) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.44. The business had revenue of $54.00 million for the quarter, compared to analysts’ expectations of $59.01 million. Research analysts expect that Presidio Production will post -2.54 EPS 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.