Zacks Investment Research upgraded shares of FTS International (NYSE:FTSI) from a hold rating to a buy rating in a research report report published on Friday, Zacks.com reports. Zacks Investment Research currently has $13.00 price target on the stock.

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 restated a buy rating on shares of FTS International in a research note on Sunday, January 6th. Barclays downgraded FTS International from an overweight rating to an equal weight rating and reduced their target price for the company from $14.00 to $9.00 in a research note on Tuesday, January 15th. Finally, Bank of America downgraded FTS International from a buy rating to a neutral rating and set a $8.00 target price for the company. in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $13.95.

Shares of FTSI opened at $11.36 on Friday. The company has a debt-to-equity ratio of 4.71, a current ratio of 3.09 and a quick ratio of 2.59. The stock has a market capitalization of $1.25 billion, a PE ratio of 4.81, a PEG ratio of 2.61 and a beta of 1.20. FTS International has a one year low of $5.96 and a one year high of $22.60.

FTS International (NYSE:FTSI) last issued its earnings results on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.03). The firm had revenue of $248.10 million during the quarter, compared to analyst estimates of $246.15 million. FTS International had a net margin of 16.74% and a return on equity of 933.45%. The business’s quarterly revenue was down 45.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, sell-side analysts forecast that FTS International will post 0.74 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in FTSI. Bank of New York Mellon Corp lifted its position in FTS International by 482.9% in the 4th quarter. Bank of New York Mellon Corp now owns 727,501 shares of the company’s stock valued at $5,172,000 after acquiring an additional 602,703 shares in the last quarter. Vanguard Group Inc lifted its position in FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after acquiring an additional 379,696 shares in the last quarter. Vanguard Group Inc. lifted its position in FTS International by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock valued at $30,000,000 after acquiring an additional 379,696 shares in the last quarter. DW Partners LP lifted its position in FTS International by 130.2% in the 4th quarter. DW Partners LP now owns 653,775 shares of the company’s stock valued at $4,648,000 after acquiring an additional 369,775 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in FTS International by 310.5% in the 4th quarter. First Trust Advisors LP now owns 204,834 shares of the company’s stock valued at $1,456,000 after acquiring an additional 154,930 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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