Presidio Production (NYSE:FTW) Stock Rating Raised to Strong-Buy at Stephens

Presidio Production (NYSE:FTW) was upgraded by equities researchers at Stephens to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

A number of other research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. BTIG Research assumed coverage on shares of Presidio Production in a research note on Wednesday, July 8th. They set a “buy” rating and a $15.00 target price for the company. Finally, Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Presidio Production presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Presidio Production Stock Performance

NYSE:FTW opened at $9.50 on Wednesday. The firm’s 50 day moving average price is $10.72. Presidio Production has a 52 week low of $9.47 and a 52 week high of $17.20.

Presidio Production (NYSE:FTW) last issued its earnings results on Wednesday, August 12th. The company reported $0.34 EPS 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 analysts’ expectations of $59.01 million. As a group, equities analysts predict 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 bought a new stake in shares of Presidio Production Company (NYSE:FTW) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned about 0.18% of Presidio Production at the end of the most recent quarter.

Presidio Production Company Profile