FTS International (NYSE:FTSI) Price Target Cut to $9.00

FTS International (NYSE:FTSI) had its target price decreased by research analysts at Morgan Stanley from $13.00 to $9.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 63.34% from the stock’s current price.

FTSI has been the subject of several other reports. Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a research report on Thursday, June 27th. Bank of America set a $25.00 target price on Levi Strauss & Co. and gave the company a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup reiterated a “buy” rating and issued a $25.00 target price on shares of Propetro in a research report on Tuesday, July 2nd. Finally, Piper Jaffray Companies downgraded NCS Multistage from an “overweight” rating to a “neutral” rating and set a $3.80 target price for the company. in a research report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.18.

FTS International stock opened at $5.51 on Friday. 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 company has a market capitalization of $604.20 million, a P/E ratio of 2.33, a PEG ratio of 2.45 and a beta of 1.58. FTS International has a 12 month low of $5.04 and a 12 month high of $13.65. The company has a 50-day moving average price of $5.91.



FTS International (NYSE:FTSI) last posted its earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $232.70 million. FTS International had a net margin of 9.60% and a return on equity of 301.48%. On average, equities research analysts forecast that FTS International will post 0.38 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can bought a new position in shares of FTS International during the fourth quarter worth about $38,000. Acadian Asset Management LLC raised its position in shares of FTS International by 1,904.0% during the fourth quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock worth $54,000 after acquiring an additional 7,140 shares during the last quarter. Cipher Capital LP bought a new position in shares of FTS International during the fourth quarter worth about $73,000. BNP Paribas Arbitrage SA raised 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 worth $75,000 after acquiring an additional 5,403 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of FTS International by 365.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,884 shares of the company’s stock worth $77,000 after acquiring an additional 8,544 shares during the last quarter. 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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