FTS International (NYSE:FTSI) PT Lowered to $2.80 at Citigroup

FTS International (NYSE:FTSI) had its price target reduced by Citigroup from $3.20 to $2.80 in a report issued on Tuesday morning, AnalystRatings.com reports. Citigroup currently has a neutral rating on the stock.

A number of other equities analysts have also issued reports on the stock. Wells Fargo & Co dropped their target price on shares of FTS International from $4.00 to $3.00 and set a market perform rating on the stock in a research report on Thursday, September 12th. Zacks Investment Research lowered shares of FTS International from a hold rating to a sell rating in a research report on Wednesday, July 3rd. Cowen lowered shares of FTS International from an outperform rating to a market perform rating and set a $5.00 target price on the stock. in a research report on Thursday, September 12th. Bank of America lowered shares of FTS International from a buy rating to a neutral rating and dropped their target price for the stock from $7.00 to $6.25 in a research report on Wednesday, July 10th. Finally, Piper Jaffray Companies lowered shares of FTS International from an overweight rating to a neutral rating and dropped their target price for the stock from $9.25 to $6.00 in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. FTS International currently has an average rating of Hold and a consensus target price of $7.01.

Shares of NYSE:FTSI traded up $0.04 during trading on Tuesday, reaching $2.04. The stock had a trading volume of 638,563 shares, compared to its average volume of 591,096. FTS International has a 52 week low of $1.93 and a 52 week high of $13.65. The firm has a market capitalization of $222.42 million, a price-to-earnings ratio of 0.86, a P/E/G ratio of 3.05 and a beta of 1.69. The company has a quick ratio of 2.49, a current ratio of 2.95 and a debt-to-equity ratio of 8.49. The stock has a fifty day simple moving average of $2.75 and a two-hundred day simple moving average of $6.16.

FTS International (NYSE:FTSI) last announced its earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). FTS International had a return on equity of 130.74% and a net margin of 2.62%. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. During the same period last year, the firm posted $0.95 EPS. The company’s revenue was down 54.2% compared to the same quarter last year. On average, analysts forecast that FTS International will post 0.11 EPS for the current year.

A number of hedge funds have recently made changes to their positions in FTSI. Swiss National Bank increased its holdings in FTS International by 60.5% in the 2nd quarter. Swiss National Bank now owns 61,000 shares of the company’s stock valued at $340,000 after buying an additional 23,000 shares during the period. WINTON GROUP Ltd bought a new stake in FTS International in the 2nd quarter valued at $218,000. JPMorgan Chase & Co. increased its holdings in FTS International by 20.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock valued at $12,674,000 after buying an additional 378,516 shares during the period. Benefit Street Partners LLC increased its holdings in FTS International by 56.7% in the 2nd quarter. Benefit Street Partners LLC now owns 326,844 shares of the company’s stock valued at $1,824,000 after buying an additional 118,217 shares during the period. Finally, Trexquant Investment LP bought a new stake in FTS International in the 2nd quarter valued at $102,000. 63.15% of the stock is currently owned by institutional investors and hedge funds.

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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