Shares of FTS International Inc (NYSE:FTSI) fell 2.1% during trading on Friday . The stock traded as low as $9.89 and last traded at $9.51. 19,324 shares changed hands during trading, a decline of 97% from the average session volume of 573,658 shares. The stock had previously closed at $9.71.
FTSI has been the topic of a number of recent research reports. Tudor Pickering downgraded FTS International from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Wells Fargo & Co downgraded FTS International from an “outperform” rating to a “market perform” rating and set a $34.00 target price on the stock. in a research report on Friday, June 29th. Citigroup lowered their target price on FTS International from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, July 9th. ValuEngine downgraded FTS International from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Finally, Piper Jaffray Companies set a $19.00 price target on FTS International and gave the stock a “buy” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.11.
The company has a quick ratio of 2.26, a current ratio of 2.58 and a debt-to-equity ratio of 28.83.
FTS International (NYSE:FTSI) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.09). The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $528.87 million. research analysts predict that FTS International Inc will post 2.94 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN bought a new stake in shares of FTS International during the first quarter worth approximately $3,846,000. Rhumbline Advisers acquired a new stake in shares of FTS International in the first quarter valued at approximately $380,000. American Century Companies Inc. acquired a new stake in shares of FTS International in the first quarter valued at approximately $2,334,000. Prudential Financial Inc. acquired a new stake in shares of FTS International in the first quarter valued at approximately $1,079,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of FTS International in the first quarter valued at approximately $481,000. Institutional investors and hedge funds own 67.35% of the company’s stock.
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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