Press coverage about FTS International (NYSE:FTSI) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FTS International earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.6902857651583 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of analysts have weighed in on the stock. Cowen restated a “buy” rating and set a $23.00 price objective on shares of FTS International in a research note on Friday. Tudor Pickering assumed coverage on shares of FTS International in a research note on Monday, March 5th. They set a “buy” rating for the company. Evercore ISI assumed coverage on shares of FTS International in a research note on Tuesday, February 27th. They set an “outperform” rating and a $27.00 price objective for the company. Guggenheim assumed coverage on shares of FTS International in a research note on Tuesday, February 27th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of FTS International in a research note on Tuesday, February 27th. They set an “overweight” rating and a $30.00 price objective for the company. Nine analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $29.29.
Shares of FTSI stock opened at $18.64 on Tuesday. FTS International has a 52 week low of $15.02 and a 52 week high of $21.52. The company has a debt-to-equity ratio of -1.36, a current ratio of 2.77 and a quick ratio of 2.53.
FTS International (NYSE:FTSI) last announced its quarterly earnings results on Friday, March 9th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.25). The firm had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $459.00 million. equities analysts predict that FTS International will post 4.64 EPS for the current year.
In other news, insider Chk Energy Holdings Inc sold 4,348,484 shares of FTS International stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $16.97, for a total value of $73,793,773.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Boon Sim purchased 50,000 shares of FTS International stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $18.00 per share, with a total value of $900,000.00. The disclosure for this purchase can be found here. Insiders bought 631,500 shares of company stock valued at $11,367,000 over the last quarter.
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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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