Zacks Investment Research cut shares of FTS International (NYSE:FTSI) from a buy rating to a hold rating in a research report released on Wednesday morning, 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. “

Several other brokerages also recently commented on FTSI. Wells Fargo & Co reaffirmed a buy rating on shares of FTS International in a research note on Sunday, January 6th. Barclays downgraded shares of FTS International from an overweight rating to an equal weight rating and lowered their price objective for the company from $14.00 to $9.00 in a research note on Tuesday, January 15th. Finally, Bank of America downgraded shares of FTS International from a buy rating to a neutral rating and set a $8.00 price objective for the company. in a research note on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $13.85.

Shares of NYSE:FTSI opened at $10.70 on Wednesday. The stock has a market cap of $1.17 billion, a PE ratio of 4.53, a PEG ratio of 2.38 and a beta of 1.25. The company has a quick ratio of 2.59, a current ratio of 3.09 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 issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $248.10 million for the quarter, compared to the consensus estimate of $246.15 million. FTS International had a net margin of 16.74% and a return on equity of 933.45%. The business’s revenue was down 45.9% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. On average, equities analysts anticipate that FTS International will post 0.74 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in FTS International by 31.8% in the third quarter. Bank of New York Mellon Corp now owns 124,798 shares of the company’s stock worth $1,471,000 after purchasing an additional 30,075 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in FTS International by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 606,587 shares of the company’s stock worth $7,151,000 after purchasing an additional 8,316 shares during the last quarter. Man Group plc boosted its holdings in FTS International by 6.1% in the third quarter. Man Group plc now owns 361,680 shares of the company’s stock worth $4,264,000 after purchasing an additional 20,837 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in FTS International in the third quarter worth approximately $292,000. Finally, Teachers Advisors LLC boosted its holdings in FTS International by 33.2% in the third quarter. Teachers Advisors LLC now owns 172,729 shares of the company’s stock worth $2,036,000 after purchasing an additional 43,088 shares during the last quarter. 66.13% of the stock is owned by institutional investors.

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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Analyst Recommendations for FTS International (NYSE:FTSI)

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