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

Presidio Production Company (NYSE:FTW) saw 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 short-interest ratio is presently 5.6 days. Approximately 2.2% of the shares of the stock are short sold.

Presidio Production Stock Down 0.4%

Shares of FTW stock traded down $0.05 during mid-day trading on Tuesday, hitting $11.26. 23,863 shares of the company’s stock were exchanged, compared to its average volume of 96,305. Presidio Production has a fifty-two week low of $9.50 and a fifty-two week high of $17.20. The company has a 50-day simple moving average of $11.92.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FTW shares. Jefferies Financial Group reissued a “buy” rating on shares of Presidio Production in a research note on Wednesday, July 8th. BTIG Research initiated coverage on Presidio Production in a research note on Wednesday, July 8th. They issued a “buy” rating and a $15.00 price objective for the company. Zacks Research raised Presidio Production to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen upgraded Presidio Production from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, William Blair began coverage on Presidio Production in a report on Monday, May 18th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Presidio Production currently has a consensus rating of “Moderate Buy” and a consensus 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.