Presidio Production Company (NYSE:FTW) Receives $15.00 Consensus Price Target from Analysts

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

FTW has been the subject of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. BTIG Research initiated coverage on Presidio Production in a report on Wednesday, July 8th. They set a “buy” rating and a $15.00 price objective on the stock. Wall Street Zen upgraded Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised Presidio Production from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd.

Presidio Production Price Performance

NYSE FTW opened at $10.07 on Monday. Presidio Production has a 52-week low of $9.50 and a 52-week high of $17.20. The business’s 50-day moving average price is $11.34.

Presidio Production (NYSE:FTW) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.34 EPS 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 analyst estimates of $59.01 million. As a group, sell-side analysts predict that Presidio Production will post -2.54 EPS for the current fiscal year.

About Presidio Production

Presidio Production Corp. is an independent oil and natural gas company focused on the acquisition, development, exploitation and production of onshore hydrocarbon properties in the United States.

The company’s activities include operating producing oil and gas wells, developing existing reserves and pursuing additional acquisition opportunities. Its portfolio is associated primarily with conventional and unconventional assets in the Permian Basin and other U.S. producing regions.

Presidio Petroleum was established as a privately held energy company before becoming publicly traded under the Presidio Production name.