Presidio Production Company (NYSE:FTW) Stock Has Consensus Target Price of $15.00 According to Analysts

Presidio Production Company (NYSE:FTW) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.00.

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

Presidio Production Price Performance

NYSE FTW opened at $10.07 on Tuesday. Presidio Production has a twelve month low of $9.46 and a twelve month high of $17.20. The stock has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $11.16.

Presidio Production (NYSE:FTW) last announced 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 business had revenue of $54.00 million for the quarter, compared to the consensus estimate of $59.01 million. As a group, analysts predict that Presidio Production will post -2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Presidio Production stock. State Street Corp acquired a new position in shares of Presidio Production Company (NYSE:FTW) during the 2nd quarter, according to the company in its most recent 13F 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 0.18% of Presidio Production as of its most recent filing with the Securities and Exchange Commission.

Presidio Production Company Profile

Presidio Production Corporation (NYSE: FTW) is an independent oil and natural gas exploration and production company. The company focuses on acquiring, developing and operating upstream energy properties and generating production from oil and natural gas reserves.

Presidio Production’s operations are centered in the Permian Basin, a major hydrocarbon-producing region in West Texas and southeastern New Mexico. Its asset portfolio includes producing properties and development opportunities, with activities spanning drilling, well operations, production management and field-level development.

The company’s business is primarily focused on the exploration, development and production of hydrocarbons rather than refining or marketing finished petroleum products.