FTS International (NYSE:FTSI) Downgraded by Bank of America

Bank of America cut shares of FTS International (NYSE:FTSI) from a buy rating to a neutral rating in a report published on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage currently has $6.25 price objective on the stock, down from their previous price objective of $7.00.

A number of other equities research analysts also recently issued reports on FTSI. Piper Jaffray Companies downgraded NCS Multistage from an overweight rating to a neutral rating and set a $3.80 price target on the stock. in a research report on Tuesday, June 25th. Citigroup reissued a buy rating and set a $25.00 price target on shares of Propetro in a research report on Tuesday, July 2nd. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Wells Fargo & Co reissued a buy rating on shares of Helmerich & Payne in a research report on Thursday, June 27th. Finally, Morgan Stanley set a $20.00 price target on C&J Energy Services and gave the stock a hold rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. FTS International has a consensus rating of Hold and an average price target of $10.18.

Shares of NYSE:FTSI opened at $5.51 on Wednesday. The firm has a market capitalization of $604.20 million, a P/E ratio of 2.33, a P/E/G ratio of 2.45 and a beta of 1.58. FTS International has a 1 year low of $5.04 and a 1 year high of $13.65. 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 business’s 50 day moving average is $5.91.



FTS International (NYSE:FTSI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). The company had revenue of $222.50 million for the quarter, compared to analyst estimates of $232.70 million. FTS International had a return on equity of 301.48% and a net margin of 9.60%. Sell-side analysts predict that FTS International will post 0.38 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTSI. JPMorgan Chase & Co. lifted its stake in FTS International by 53.4% during the first quarter. JPMorgan Chase & Co. now owns 1,829,334 shares of the company’s stock worth $18,295,000 after purchasing an additional 637,015 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of FTS International by 482.9% in the 4th quarter. Bank of New York Mellon Corp now owns 727,501 shares of the company’s stock valued at $5,172,000 after acquiring an additional 602,703 shares during the last quarter. DW Partners LP lifted its stake in shares of FTS International by 130.2% in the 4th quarter. DW Partners LP now owns 653,775 shares of the company’s stock valued at $4,648,000 after acquiring an additional 369,775 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of FTS International by 1,440.0% in the 1st quarter. Bank of Montreal Can now owns 221,898 shares of the company’s stock valued at $2,218,000 after acquiring an additional 207,489 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of FTS International by 310.5% in the 4th quarter. First Trust Advisors LP now owns 204,834 shares of the company’s stock valued at $1,456,000 after acquiring an additional 154,930 shares during the last quarter. Hedge funds and other institutional investors own 66.34% 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.

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Analyst Recommendations for FTS International (NYSE:FTSI)

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