FTS International (NYSE:FTSI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

A number of other research firms also recently commented on FTSI. Tudor Pickering downgraded FTS International from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Wells Fargo & Co downgraded FTS International from an “outperform” rating to a “market perform” rating and set a $34.00 price target for the company. in a report on Friday, June 29th. Citigroup lowered their price target on FTS International from $24.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 9th. ValuEngine downgraded FTS International from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Piper Jaffray Companies set a $19.00 price target on FTS International and gave the stock a “buy” rating in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $20.20.

NYSE FTSI traded up $0.16 on Tuesday, reaching $12.02. The company had a trading volume of 462,300 shares, compared to its average volume of 687,415. The company has a current ratio of 2.58, a quick ratio of 2.26 and a debt-to-equity ratio of 28.83. FTS International has a 52 week low of $9.38 and a 52 week high of $22.60.

FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.09). The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $528.87 million. equities analysts predict that FTS International will post 2.87 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in FTSI. Temasek Holdings Private Ltd acquired a new position in shares of FTS International during the first quarter worth about $765,339,000. BlackRock Inc. acquired a new position in shares of FTS International during the first quarter worth about $51,670,000. Point72 Asset Management L.P. boosted its position in shares of FTS International by 27.6% during the second quarter. Point72 Asset Management L.P. now owns 1,712,309 shares of the company’s stock worth $24,383,000 after buying an additional 369,909 shares during the period. Millennium Management LLC boosted its position in shares of FTS International by 61.9% during the second quarter. Millennium Management LLC now owns 1,292,323 shares of the company’s stock worth $18,403,000 after buying an additional 494,262 shares during the period. Finally, Feinberg Stephen boosted its position in shares of FTS International by 144.0% during the second quarter. Feinberg Stephen now owns 927,406 shares of the company’s stock worth $13,206,000 after buying an additional 547,272 shares during the period. Institutional investors own 67.34% of the company’s stock.

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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