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

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

A number of equities research analysts have weighed in on the company. Stephens initiated coverage on Presidio Production in a research report on Thursday, October 8th. They set an “overweight” rating and a $15.00 target price for the company. Weiss Ratings downgraded Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, October 9th. Finally, Wall Street Zen upgraded Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

Presidio Production Trading Down 0.6%

NYSE:FTW opened at $10.14 on Tuesday. Presidio Production has a twelve month low of $9.46 and a twelve month high of $17.20. The stock has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $11.12.

Presidio Production (NYSE:FTW) last posted its quarterly 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 company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $59.01 million. Research analysts forecast that Presidio Production will post -2.54 earnings per share for the current fiscal year.

Institutional Trading of Presidio Production

A hedge fund recently bought a new stake in Presidio Production stock. State Street Corp acquired a new position in Presidio Production Company (NYSE:FTW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned approximately 0.18% of Presidio Production as of its most recent SEC filing.

About Presidio Production

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.