Bank of America downgraded shares of FTS International (NYSE:FTSI) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, Benzinga’s Daily Ratings Newsletter reports. The brokerage currently has $6.25 target price on the stock, down from their previous target price of $7.00.

Several other research firms have also issued reports on FTSI. Morgan Stanley set a $20.00 target price on C&J Energy Services and gave the stock a hold rating in a research note on Monday, May 13th. Piper Jaffray Companies lowered NCS Multistage from an overweight rating to a neutral rating and set a $3.80 target price on the stock. in a research note on Tuesday, June 25th. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Citigroup reissued a buy rating and set a $25.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Co reaffirmed a buy rating on shares of Helmerich & Payne in a research report on Thursday, June 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. FTS International presently has a consensus rating of Hold and a consensus target price of $10.58.

FTSI traded down $0.07 during mid-day trading on Wednesday, hitting $5.50. 639,700 shares of the stock were exchanged, compared to its average volume of 571,803. The firm’s fifty day moving average price is $5.93. FTS International has a 1-year low of $5.04 and a 1-year high of $13.65. The company has a current ratio of 2.41, a quick ratio of 2.00 and a debt-to-equity ratio of 9.17. The company has a market cap of $641.55 million, a P/E ratio of 2.33, a PEG ratio of 2.39 and a beta of 1.59.

FTS International (NYSE:FTSI) last posted its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). FTS International had a return on equity of 301.48% and a net margin of 9.60%. The firm had revenue of $222.50 million for the quarter, compared to analyst estimates of $232.70 million. Sell-side analysts anticipate that FTS International will post 0.41 EPS for the current year.

A number of hedge funds have recently bought and sold shares of FTSI. JPMorgan Chase & Co. raised its position in FTS International by 53.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,829,334 shares of the company’s stock valued at $18,295,000 after purchasing an additional 637,015 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 during the last quarter. DW Partners LP increased its holdings in shares of 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 during the last quarter. Bank of Montreal Can increased its holdings in shares of FTS International by 1,440.0% in the 1st quarter. Bank of Montreal Can now owns 221,898 shares of the company’s stock valued at $2,218,000 after acquiring an additional 207,489 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of 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 during the last quarter. 66.34% of the stock is currently 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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