FTS International (FTSI) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of FTS International (NYSE:FTSI) from a sell rating to a strong sell rating in a research report sent to investors on Thursday morning.

Other equities research analysts have also issued reports about the company. Citigroup dropped their price target on FTS International from $19.00 to $16.00 and set a buy rating on the stock in a research report on Friday, August 10th. Wells Fargo & Co lowered FTS International to a hold rating in a research report on Thursday, September 6th. Capital One Financial reaffirmed an equal weight rating on shares of FTS International in a research report on Wednesday, July 25th. Barclays dropped their target price on FTS International from $16.00 to $14.00 and set a buy rating on the stock in a research report on Wednesday, October 31st. Finally, Guggenheim reaffirmed a buy rating and issued a $19.00 target price on shares of FTS International in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $20.30.

Shares of FTS International stock traded up $0.26 on Thursday, hitting $13.32. 8,732 shares of the company’s stock traded hands, compared to its average volume of 629,060. The stock has a market cap of $1.39 billion and a P/E ratio of 1.66. The company has a current ratio of 2.72, a quick ratio of 2.33 and a debt-to-equity ratio of 7.50. FTS International has a 52-week low of $9.38 and a 52-week high of $22.60.

FTS International (NYSE:FTSI) last released its earnings results on Monday, October 29th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.16). The business had revenue of $334.40 million for the quarter, compared to analysts’ expectations of $388.24 million. FTS International had a net margin of 14.98% and a negative return on equity of 139.46%. The company’s quarterly revenue was down 25.5% on a year-over-year basis. As a group, equities analysts predict that FTS International will post 2.76 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of FTSI. Sei Investments Co. acquired a new position in shares of FTS International during the first quarter valued at $117,000. Bank of Montreal Can boosted its position in shares of FTS International by 243.1% in the 3rd quarter. Bank of Montreal Can now owns 14,272 shares of the company’s stock valued at $169,000 after purchasing an additional 10,112 shares during the period. Paloma Partners Management Co acquired a new position in shares of FTS International in the 2nd quarter valued at $199,000. New York State Common Retirement Fund acquired a new position in shares of FTS International in the 1st quarter valued at $226,000. Finally, Barclays PLC acquired a new position in shares of FTS International in the 1st quarter valued at $247,000. 67.44% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for FTS International (NYSE:FTSI)

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