FTS International (NYSE:FTSI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors 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. “

Several other equities analysts have also weighed in on FTSI. Stifel Nicolaus set a $15.00 price objective on shares of FTS International and gave the company a “hold” rating in a research report on Thursday, November 1st. Bank of America lowered shares of FTS International from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Friday, January 4th. Barclays reduced their price objective on shares of FTS International from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Wells Fargo & Co restated a “buy” rating on shares of FTS International in a research report on Sunday, January 6th. Finally, ValuEngine lowered shares of FTS International from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.55.

Shares of FTSI opened at $7.33 on Thursday. The stock has a market capitalization of $806.13 million and a P/E ratio of 0.96. The company has a debt-to-equity ratio of 7.50, a current ratio of 2.72 and a quick ratio of 2.33. FTS International has a 52-week low of $5.96 and a 52-week high of $22.60.

FTS International (NYSE:FTSI) last announced its earnings results on Monday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.16). FTS International had a net margin of 14.98% and a negative return on equity of 139.46%. The company had revenue of $334.40 million during the quarter, compared to the consensus estimate of $388.24 million. The company’s revenue was down 25.5% on a year-over-year basis. Equities research analysts expect that FTS International will post 2.38 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FTSI. Legal & General Group Plc boosted its holdings in shares of 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 buying an additional 1,468 shares during the period. One Wealth Advisors LLC acquired a new position in shares of FTS International in the third quarter worth about $158,000. Bank of Montreal Can boosted its holdings in shares of 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 buying an additional 10,112 shares during the period. Paloma Partners Management Co acquired a new position in shares of FTS International in the second quarter worth about $199,000. Finally, American International Group Inc. lifted its position in shares of 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 in the last quarter. Institutional investors own 66.71% of the company’s stock.

FTS International Company Profile

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.

Further Reading: Quiet Period

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Analyst Recommendations for FTS International (NYSE:FTSI)

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