Presidio Production (NYSE:FTW) Releases Earnings Results, Misses Estimates By $0.07 EPS

Presidio Production (NYSE:FTW) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.07), Zacks reports.

Presidio Production Trading Up 0.3%

NYSE:FTW traded up $0.03 on Thursday, hitting $10.21. 77,659 shares of the company’s stock traded hands, compared to its average volume of 92,369. Presidio Production has a 1 year low of $9.46 and a 1 year high of $17.20. The firm has a 50-day moving average price of $10.15 and a 200-day moving average price of $11.10.

Wall Street Analysts Forecast Growth

FTW has been the subject of a number of analyst reports. Stephens began coverage on shares of Presidio Production in a research note on Thursday, October 8th. They set an “overweight” rating and a $15.00 price objective for the company. Wall Street Zen raised shares of Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Presidio Production from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

About Presidio Production

Presidio Production Company is an independent oil and natural gas exploration and production company. Its activities include acquiring, developing and producing oil and gas properties. The company’s operations are focused on the Permian Basin, spanning West Texas and southeastern New Mexico. Presidio is based in Fort Worth, Texas.