Presidio Production (NYSE:FTW) Now Covered by Analysts at Stephens

Key Points

• Stephens initiated coverage of Presidio Production with an “overweight” rating and a $15 price target, implying approximately 57.6% upside from the stock’s $9.52 opening price.
• Analyst sentiment is generally positive: four analysts rate the stock a Buy and two rate it Hold, producing a MarketBeat consensus of “Moderate Buy” with an average target of $15.
• Presidio Production reported quarterly EPS of $0.34, exceeding the consensus estimate of a $0.10 loss, although revenue of $54 million came in below the $59.01 million estimate.

Equities researchers at Stephens assumed coverage on shares of Presidio Production (NYSE:FTW - Get Free Report) in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage set an "overweight" rating and a $15.00 price target on the stock. Stephens' price objective suggests a potential upside of 57.56% from the company's current price.

Other research analysts also recently issued research reports about the company. 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 target on the stock. Wall Street Zen upgraded Presidio Production from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded Presidio Production from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, September 25th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Presidio Production in a research report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Presidio Production has an average rating of "Moderate Buy" and an average target price of $15.00.

Presidio Production Stock Performance

Shares of NYSE FTW opened at $9.52 on Thursday. Presidio Production has a 1 year low of $9.47 and a 1 year high of $17.20. The company has a 50-day simple moving average of $10.76.

Presidio Production (NYSE:FTW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.44. The business 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 EPS for the current year.

Institutional Trading of Presidio Production

An institutional investor 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 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

About Presidio Production

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