FTS International (NYSE:FTSI) Lifted to “Hold” at Zacks Investment Research

FTS International (NYSE:FTSI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “FTS International Inc. provider of hydraulic fracturing service primarily in North America. The company’s services enhance hydrocarbon flow from oil and natural gas wells drilled by exploration and production, companies in shale and other unconventional resource formations. FTS International Inc. is based in Cisco, Texas. “

FTSI has been the subject of several other reports. ValuEngine raised shares of FTS International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Capital One Financial lowered shares of FTS International from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Scotiabank lowered shares of FTS International from a “sector perform” rating to a “sector underperform” rating and set a $1.00 price objective for the company. in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.78.

Shares of NYSE:FTSI traded up $0.62 during trading on Thursday, reaching $1.11. The stock had a trading volume of 10,142,331 shares, compared to its average volume of 883,980. FTS International has a one year low of $0.48 and a one year high of $12.37. The company has a market capitalization of $59.39 million, a P/E ratio of -3.58 and a beta of 1.53. The company has a current ratio of 3.22, a quick ratio of 2.81 and a debt-to-equity ratio of 10.19. The firm’s 50-day simple moving average is $0.86 and its 200 day simple moving average is $1.75.

FTS International (NYSE:FTSI) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. FTS International had a negative net margin of 3.79% and a positive return on equity of 49.11%. The business had revenue of $142.30 million for the quarter, compared to analysts’ expectations of $135.87 million. Equities research analysts forecast that FTS International will post -0.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in FTS International by 6.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,217,124 shares of the company’s stock worth $17,951,000 after buying an additional 191,516 shares during the last quarter. BlackRock Inc. raised its position in FTS International by 6.0% during the 2nd quarter. BlackRock Inc. now owns 2,318,616 shares of the company’s stock worth $12,938,000 after buying an additional 131,915 shares during the last quarter. State Street Corp raised its position in FTS International by 1.8% during the 3rd quarter. State Street Corp now owns 618,231 shares of the company’s stock worth $1,385,000 after buying an additional 10,856 shares during the last quarter. Panagora Asset Management Inc. raised its position in FTS International by 57.3% during the 4th quarter. Panagora Asset Management Inc. now owns 438,517 shares of the company’s stock worth $456,000 after buying an additional 159,820 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in FTS International during the 2nd quarter worth approximately $2,093,000. 64.14% of the stock is owned by 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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