FTS International (FTSI) PT Lowered to $16.00
FTS International (NYSE:FTSI) had its target price lowered by research analysts at Citigroup from $19.00 to $16.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 27.49% from the stock’s current price.
A number of other analysts have also recently commented on the company. Piper Jaffray Companies set a $19.00 price objective on FTS International and gave the company a “buy” rating in a research report on Monday, August 6th. Morgan Stanley cut their price objective on FTS International from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Monday, August 6th. Guggenheim reiterated a “buy” rating and set a $19.00 price target on shares of FTS International in a research report on Thursday, August 2nd. Barclays dropped their price target on FTS International from $27.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd. Finally, Credit Suisse Group dropped their price target on FTS International from $26.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. FTS International presently has an average rating of “Hold” and a consensus price target of $21.11.
Shares of FTS International traded up $0.19, reaching $12.55, on Friday, Marketbeat reports. The company’s stock had a trading volume of 528,814 shares, compared to its average volume of 856,152. FTS International has a 52-week low of $10.65 and a 52-week high of $22.60. The company has a debt-to-equity ratio of 28.83, a quick ratio of 2.26 and a current ratio of 2.58.
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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