Presidio Production (NYSE:FTW) Announces Earnings Results

Presidio Production (NYSE:FTW) posted its earnings results on Tuesday. The company reported $0.34 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.44, Zacks reports.

Presidio Production Price Performance

Shares of FTW remained flat at $11.39 during midday trading on Tuesday. The stock had a trading volume of 70,132 shares, compared to its average volume of 96,268. Presidio Production has a 12 month low of $9.50 and a 12 month high of $17.20. The business’s 50 day moving average price is $12.03.

Analyst Ratings Changes

Several equities research analysts have weighed in on FTW shares. Wall Street Zen lowered Presidio Production from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. BTIG Research initiated coverage on shares of Presidio Production in a research report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price objective on the stock. William Blair started coverage on shares of Presidio Production in a research report on Monday, May 18th. They issued an “outperform” rating for the company. Zacks Research raised Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.00.

Presidio Production Company Profile

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.