FTS International (FTSI) Trading Down 5.2%

Shares of FTS International Inc (NYSE:FTSI) dropped 5.2% during mid-day trading on Friday . The stock traded as low as $6.08 and last traded at $6.15. Approximately 827,019 shares were traded during mid-day trading, an increase of 69% from the average daily volume of 488,306 shares. The stock had previously closed at $6.49.

FTSI has been the subject of several research reports. Piper Jaffray Companies set a $9.00 target price on FTS International and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Bank of America raised FTS International from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Co lowered FTS International from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $11.23 to $11.50 in a research note on Friday, March 29th. Zacks Investment Research lowered FTS International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Morgan Stanley set a $13.00 price objective on FTS International and gave the company a “buy” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $12.05.

The company has a quick ratio of 2.00, a current ratio of 2.41 and a debt-to-equity ratio of 9.17. The firm has a market capitalization of $751.40 million, a PE ratio of 2.61, a price-to-earnings-growth ratio of 2.45 and a beta of 1.25.

FTS International (NYSE:FTSI) last released its earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). FTS International had a return on equity of 301.48% and a net margin of 9.60%. The company had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $232.70 million. Equities analysts expect that FTS International Inc will post 0.47 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its position in shares of FTS International by 42.5% during the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock valued at $58,000 after buying an additional 1,468 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in shares of FTS International by 1.0% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 167,409 shares of the company’s stock valued at $1,674,000 after buying an additional 1,651 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of FTS International by 28.0% during the first quarter. State of Tennessee Treasury Department now owns 17,736 shares of the company’s stock valued at $177,000 after buying an additional 3,884 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of FTS International by 262.8% during 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. Finally, Great West Life Assurance Co. Can purchased a new stake in shares of FTS International during the fourth quarter valued at $38,000. 66.34% of the stock is currently owned by institutional investors.

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FTS International Company Profile (NYSE:FTSI)

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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