FTS International (NYSE:FTSI) had its price target dropped by equities researchers at Wells Fargo & Co from $4.00 to $3.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “market perform” rating on the stock. Wells Fargo & Co‘s price objective points to a potential downside of 14.04% from the stock’s previous close.
A number of other brokerages also recently issued reports on FTSI. Zacks Investment Research downgraded FTS International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 3rd. Capital One Financial cut FTS International from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 5th. Citigroup cut FTS International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, July 2nd. Morgan Stanley decreased their target price on FTS International from $13.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, Bank of America cut FTS International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.25 in a research note on Wednesday, July 10th. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $8.25.
NYSE:FTSI opened at $3.49 on Thursday. The company has a current ratio of 2.95, a quick ratio of 2.49 and a debt-to-equity ratio of 8.49. The company has a 50-day moving average price of $3.09 and a 200-day moving average price of $6.90. The stock has a market cap of $380.53 million, a price-to-earnings ratio of 1.48, a P/E/G ratio of 3.64 and a beta of 1.71. FTS International has a 12 month low of $2.32 and a 12 month high of $13.65.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. FTS International had a net margin of 2.62% and a return on equity of 130.74%. The company’s quarterly revenue was down 54.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. Equities analysts forecast that FTS International will post 0.14 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTSI. Aperio Group LLC acquired a new position in FTS International during the second quarter worth approximately $52,000. Capital Fund Management S.A. acquired a new position in FTS International during the second quarter worth approximately $64,000. BNP Paribas Arbitrage SA increased its position in FTS International by 262.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock worth $75,000 after buying an additional 5,403 shares during the period. Cubist Systematic Strategies LLC acquired a new position in FTS International during the second quarter worth approximately $93,000. Finally, SG Americas Securities LLC acquired a new position in FTS International during the first quarter worth approximately $101,000. 63.15% of the stock is currently owned by institutional investors.
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.
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