Presidio Production (NYSE:FTW) Announces Earnings Results

Presidio Production (NYSE:FTW) released its quarterly earnings data on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07), Zacks reports. The company had revenue of $54.00 million during the quarter, compared to analyst estimates of $59.01 million.

Presidio Production Stock Performance

Shares of NYSE:FTW opened at $11.39 on Wednesday. The company has a 50-day simple moving average of $12.02. Presidio Production has a 52-week low of $9.50 and a 52-week high of $17.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. William Blair began coverage on shares of Presidio Production in a research note on Monday, May 18th. They issued an “outperform” rating on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. Wall Street Zen downgraded Presidio Production from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Zacks Research upgraded Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Finally, BTIG Research assumed coverage on shares of Presidio Production in a research note on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Presidio Production currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.