Presidio Production (NYSE:FTW) Downgraded to “Sell” Rating by Wall Street Zen

Presidio Production (NYSE:FTW) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

A number of other equities research analysts have also recently weighed in on the company. William Blair initiated coverage on Presidio Production in a report on Monday, May 18th. They issued an “outperform” rating on the stock. Zacks Research upgraded Presidio Production to a “hold” rating in a research report on Tuesday, May 19th. BTIG Research assumed coverage on Presidio Production in a report on Wednesday. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of Presidio Production in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Presidio Production Stock Down 0.9%

Shares of NYSE FTW traded down $0.11 during midday trading on Friday, hitting $12.03. The company had a trading volume of 32,293 shares, compared to its average volume of 96,203. The firm has a 50-day simple moving average of $11.96. Presidio Production has a twelve month low of $9.50 and a twelve month high of $17.20.

Presidio Production (NYSE:FTW) last issued its earnings results on Friday, May 15th. The company reported ($3.56) earnings per share (EPS) for the quarter. The business had revenue of $45.59 million for the quarter. Equities research analysts expect that Presidio Production will post -2.6 EPS for the current fiscal year.

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.