Presidio Production (NYSE:FTW) Stock Rating Raised to “Strong-Buy” at Stephens

Stephens upgraded shares of Presidio Production (NYSE:FTW – Free Report) to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.

FTW has been the topic of a number of other research reports. BTIG Research initiated coverage on Presidio Production in a research report on Wednesday, July 8th. They issued a “buy” rating and a $15.00 target price on the stock. Wall Street Zen raised Presidio Production from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Jefferies Financial Group reiterated a “buy” rating on shares of Presidio Production in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded Presidio Production from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.00.

View Our Latest Stock Analysis on Presidio Production

Presidio Production Stock Performance

Shares of FTW opened at $9.50 on Wednesday. The firm has a 50-day moving average of $10.72. Presidio Production has a 12-month low of $9.47 and a 12-month high of $17.20.

Presidio Production (NYSE:FTW – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.44. The company had revenue of $54.00 million for the quarter, compared to analyst estimates of $59.01 million. Analysts expect that Presidio Production will post -2.54 earnings per share for the current year.

Hedge Funds Weigh In On Presidio Production

A hedge fund recently bought a new position in Presidio Production stock. State Street Corp acquired a new position in shares of Presidio Production Company (NYSE:FTW – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 52,900 shares of the company’s stock, valued at approximately $643,000. State Street Corp owned 0.18% of Presidio Production at the end of the most recent quarter.

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