FTS International (NYSE:FTSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, 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 issued reports on FTSI. Wells Fargo & Co reissued 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 dropped their price target for the stock 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 target on the stock. in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.95.

NYSE:FTSI traded down $0.13 during trading hours on Tuesday, hitting $11.78. 223,100 shares of the stock traded hands, compared to its average volume of 493,082. 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 fifty-two week low of $5.96 and a fifty-two week high of $22.60. The company has a market cap of $1.26 billion, a P/E ratio of 4.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.20.

FTS International (NYSE:FTSI) last announced its earnings results on Wednesday, February 27th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). FTS International had a net margin of 16.74% and a return on equity of 933.45%. The firm had revenue of $248.10 million for the quarter, compared to analyst estimates of $246.15 million. During the same period last year, the firm earned $0.60 earnings per share. FTS International’s revenue for the quarter was down 45.9% compared to the same quarter last year. Equities research analysts anticipate that FTS International will post 0.74 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc increased its stake in shares of FTS International by 17.5% in the third quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock worth $30,000,000 after acquiring an additional 379,696 shares during the last quarter. 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 in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in FTS International by 47.0% in the third quarter. TIAA CREF Investment Management LLC now owns 213,812 shares of the company’s stock worth $2,521,000 after purchasing an additional 68,364 shares in the last quarter. Denali Advisors LLC bought a new stake in FTS International in the first quarter worth $182,000. Finally, Vanguard Group Inc. boosted its holdings in FTS International by 17.5% in the third quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock worth $30,000,000 after purchasing an additional 379,696 shares in the last quarter. 66.21% of the stock is currently owned by institutional investors and hedge funds.

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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