FTS International (FTSI) Upgraded to “Buy” at Bank of America

Bank of America upgraded shares of FTS International (NYSE:FTSI) from a neutral rating to a buy rating in a report released on Tuesday morning, Briefing.com Automated Import reports.

FTSI has been the topic of several other reports. Wells Fargo & Co reiterated a buy rating on shares of FTS International in a report on Sunday, January 6th. Zacks Investment Research upgraded FTS International from a strong sell rating to a hold rating in a report on Thursday, January 10th. Barclays downgraded FTS International from an overweight rating to an equal weight rating and dropped their target price for the company from $14.00 to $9.00 in a report on Tuesday, January 15th. Finally, Credit Suisse Group downgraded FTS International from an outperform rating to a neutral rating and dropped their target price for the company from $15.00 to $8.00 in a report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $13.85.

FTS International stock opened at $11.62 on Tuesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 4.92 and a beta of 1.20. The company has a current ratio of 3.09, a quick ratio of 2.59 and a debt-to-equity ratio of 4.71. FTS International has a 12 month low of $5.96 and a 12 month high of $22.60.

FTS International (NYSE:FTSI) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $246.15 million. FTS International had a return on equity of 933.45% and a net margin of 16.74%. The business’s revenue for the quarter was down 45.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. On average, equities analysts forecast that FTS International will post 0.72 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in FTSI. Legal & General Group Plc grew its stake in FTS International by 42.5% during the 3rd quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock valued at $58,000 after purchasing an additional 1,468 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in FTS International during the 4th quarter valued at approximately $38,000. Rhumbline Advisers grew its stake in FTS International by 30.9% during the 3rd quarter. Rhumbline Advisers now owns 29,718 shares of the company’s stock valued at $350,000 after purchasing an additional 7,008 shares in the last quarter. Acadian Asset Management LLC grew its stake in FTS International by 1,904.0% during the 4th quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock valued at $54,000 after purchasing an additional 7,140 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in FTS International by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 606,587 shares of the company’s stock valued at $7,151,000 after purchasing an additional 8,316 shares in the last quarter. Institutional investors and hedge funds own 66.21% of the company’s stock.

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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