Presidio Production Company (NYSE:FTW) Short Interest Up 49.3% in July

Presidio Production Company (NYSE:FTW) was the target 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. Based on an average daily trading volume, of 112,648 shares, the days-to-cover ratio is presently 5.6 days. Currently, 2.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FTW shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday. William Blair initiated coverage on shares of Presidio Production in a research report on Monday, May 18th. They issued an “outperform” rating for the company. BTIG Research started coverage on 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, Zacks Research raised Presidio Production to a “hold” rating in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Presidio Production Price Performance

NYSE FTW traded down $0.05 during trading hours on Tuesday, reaching $11.26. 23,863 shares of the company traded hands, compared to its average volume of 96,305. Presidio Production has a 12 month low of $9.50 and a 12 month high of $17.20. The stock has a 50 day simple moving average of $11.92.

Presidio Production (NYSE:FTW) last released its earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.44. The firm had revenue of $54.00 million for the quarter, compared to the consensus estimate of $59.01 million. As a group, analysts anticipate that Presidio Production will post -2.54 EPS for the current year.

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.