Cowen downgraded shares of FTS International (NYSE:FTSI) from an outperform rating to a market perform rating in a research note released on Thursday morning, The Fly reports.

A number of other research firms have also recently commented on FTSI. Capital One Financial cut shares of FTS International from an overweight rating to an equal weight rating in a research report on Monday, August 5th. Piper Jaffray Companies cut shares of FTS International from an overweight rating to a neutral rating and decreased their target price for the company from $9.25 to $6.00 in a research report on Tuesday, June 25th. Bank of America cut shares of FTS International from a buy rating to a neutral rating and decreased their target price for the company from $7.00 to $6.25 in a research report on Wednesday, July 10th. Citigroup cut shares of FTS International from a buy rating to a neutral rating and decreased their target price for the company from $8.00 to $6.00 in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut shares of FTS International from a hold rating to a sell rating in a research report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $8.25.

Shares of FTSI stock traded down $0.02 on Thursday, hitting $3.02. 22,165 shares of the stock traded hands, compared to its average volume of 585,202. The firm’s 50-day moving average price is $3.09 and its two-hundred day moving average price is $6.90. The company has a debt-to-equity ratio of 8.49, a quick ratio of 2.49 and a current ratio of 2.95. The stock has a market capitalization of $378.34 million, a PE ratio of 1.28, a PEG ratio of 4.05 and a beta of 1.71. FTS International has a twelve month low of $2.32 and a twelve month high of $13.65.

FTS International (NYSE:FTSI) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $225.80 million for the quarter, compared to analyst estimates of $236.09 million. FTS International had a net margin of 2.62% and a return on equity of 130.74%. The company’s revenue was down 54.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. On average, equities research analysts anticipate that FTS International will post 0.14 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in FTS International by 262.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock valued at $75,000 after buying an additional 5,403 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of FTS International during the second quarter worth about $52,000. SG Americas Securities LLC acquired a new stake in shares of FTS International during the first quarter worth about $101,000. Capital Fund Management S.A. acquired a new stake in shares of FTS International during the second quarter worth about $64,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of FTS International during the second quarter worth about $93,000. 63.15% of the stock is currently 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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Analyst Recommendations for FTS International (NYSE:FTSI)

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