Zacks Investment Research upgraded shares of FTS International (NYSE:FTSI) from a strong sell rating to a hold rating in a research note released on Thursday.
According to Zacks, “FTS International Inc. provider of hydraulic fracturing service primarily in North America. The company’s services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production, companies in shale and other unconventional resource formations. FTS International Inc. is based in Cisco, Texas. “
A number of other research analysts have also recently commented on FTSI. Stifel Nicolaus boosted their target price on shares of FTS International from $12.00 to $14.00 and gave the stock a hold rating in a research report on Wednesday, October 10th. Capital One Financial upgraded shares of FTS International from an equal weight rating to an overweight rating in a research note on Monday, October 15th. Barclays dropped their price target on shares of FTS International from $16.00 to $14.00 and set a buy rating for the company in a research note on Wednesday, October 31st. ValuEngine lowered shares of FTS International from a sell rating to a strong sell rating in a research note on Thursday, November 1st. Finally, Bank of America restated a buy rating and issued a $12.00 price target (down previously from $17.00) on shares of FTS International in a research note on Monday, December 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $16.55.
Shares of FTSI stock opened at $7.33 on Thursday. The company has a market cap of $806.13 million and a price-to-earnings ratio of 0.96. The company has a debt-to-equity ratio of 7.50, a quick ratio of 2.33 and a current ratio of 2.72. FTS International has a fifty-two week low of $5.96 and a fifty-two week high of $22.60.
FTS International (NYSE:FTSI) last posted its earnings results on Monday, October 29th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.16). FTS International had a negative return on equity of 139.46% and a net margin of 14.98%. The firm had revenue of $334.40 million for the quarter, compared to analyst estimates of $388.24 million. FTS International’s quarterly revenue was down 25.5% compared to the same quarter last year. As a group, equities research analysts anticipate that FTS International will post 2.38 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in FTSI. Legal & General Group Plc lifted its holdings in FTS International by 42.5% in the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock worth $58,000 after purchasing an additional 1,468 shares during the period. One Wealth Advisors LLC acquired a new stake in FTS International in the third quarter worth about $158,000. Paloma Partners Management Co acquired a new stake in FTS International in the second quarter worth about $199,000. Bank of Montreal Can lifted its holdings in FTS International by 243.1% in the third quarter. Bank of Montreal Can now owns 14,272 shares of the company’s stock worth $169,000 after purchasing an additional 10,112 shares during the period. Finally, American International Group Inc. lifted its holdings in FTS International by 46.4% in the third quarter. American International Group Inc. now owns 21,588 shares of the company’s stock worth $255,000 after purchasing an additional 6,842 shares during the period. 66.71% of the stock is owned by institutional investors.
About FTS International
FTS International, Inc provides hydraulic fracturing services in North America. Its services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production companies (E&P), in shale and other unconventional resource formations. The company's wireline services primarily consist of setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations.
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