Presidio Production Company (NYSE:FTW) Sees Large Increase in Short Interest

Presidio Production Company (NYSE:FTW) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 631,410 shares, an increase of 49.3% from the July 15th total of 422,797 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 112,648 shares, the short-interest ratio is presently 5.6 days.

Presidio Production Price Performance

Shares of NYSE:FTW opened at $11.45 on Thursday. The stock’s 50-day moving average price is $11.88. Presidio Production has a 1-year low of $9.50 and a 1-year high of $17.20.

Presidio Production (NYSE:FTW) last announced 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 during the quarter, compared to the consensus estimate of $59.01 million. As a group, sell-side analysts expect that Presidio Production will post -2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. William Blair assumed coverage on Presidio Production in a report on Monday, May 18th. They issued an “outperform” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research report on Wednesday, July 8th. Zacks Research raised Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Finally, BTIG Research assumed coverage on Presidio Production in a research report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Presidio Production currently has an average 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.