Presidio Production (NYSE:FTW) Releases Earnings Results, Beats Estimates By $0.44 EPS

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

Presidio Production Stock Performance

NYSE FTW remained flat at $11.39 during trading on Tuesday. 70,132 shares of the company’s stock were exchanged, compared to its average volume of 96,268. Presidio Production has a one year low of $9.50 and a one year high of $17.20. The firm has a fifty day moving average price of $12.03.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTW. BTIG Research initiated coverage on shares of Presidio Production in a research note on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price objective for the company. William Blair assumed coverage on Presidio Production in a research report on Monday, May 18th. They set an “outperform” rating on the stock. Zacks Research upgraded Presidio Production to a “hold” rating in a research report on Tuesday, May 19th. Wall Street Zen downgraded Presidio Production from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a research 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.