FTS International Inc (NYSE:FTSI) Given Consensus Recommendation of “Hold” by Analysts

FTS International Inc (NYSE:FTSI) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $5.85.

A number of research analysts have recently issued reports on FTSI shares. Wells Fargo & Co dropped their price objective on FTS International from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Barclays dropped their price objective on FTS International from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. ValuEngine raised FTS International from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Piper Jaffray Companies downgraded FTS International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $9.25 to $6.00 in a research note on Tuesday, June 25th. Finally, Citigroup dropped their price objective on FTS International from $3.20 to $2.80 and set a “neutral” rating on the stock in a research note on Tuesday, October 1st.

Shares of NYSE:FTSI opened at $1.51 on Friday. The company has a market capitalization of $172.27 million, a price-to-earnings ratio of 1.84, a P/E/G ratio of 3.56 and a beta of 1.69. The company has a debt-to-equity ratio of 8.49, a current ratio of 2.95 and a quick ratio of 2.49. The business’s 50-day moving average is $2.43 and its 200-day moving average is $5.56. FTS International has a 1 year low of $1.49 and a 1 year high of $13.65.

FTS International (NYSE:FTSI) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The business had revenue of $225.80 million during the quarter, compared to analyst estimates of $236.09 million. FTS International had a net margin of 2.62% and a return on equity of 130.74%. The firm’s revenue for the quarter was down 54.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 earnings per share. Analysts anticipate that FTS International will post 0.07 EPS for the current year.

A number of hedge funds have recently bought and sold shares of FTSI. Aperio Group LLC acquired a new position in FTS International during the 2nd quarter worth approximately $52,000. Capital Fund Management S.A. acquired a new position in FTS International during the 2nd quarter worth approximately $64,000. Cubist Systematic Strategies LLC acquired a new position in FTS International during the 2nd quarter worth approximately $93,000. Trexquant Investment LP acquired a new position in FTS International during the 2nd quarter worth approximately $102,000. Finally, Hikari Power Ltd purchased a new stake in shares of FTS International in the second quarter worth approximately $104,000. 63.15% of the stock is currently owned by institutional investors and hedge funds.

About FTS International

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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