FTS International Target of Unusually Large Options Trading (FTSI)
FTS International Inc (NYSE:FTSI) saw some unusual options trading activity on Monday. Traders bought 1,010 put options on the company. This represents an increase of 1,454% compared to the average volume of 65 put options.
FTSI has been the topic of a number of recent analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of FTS International in a research note on Sunday, January 6th. Zacks Investment Research lowered shares of FTS International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Barclays lowered 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 lowered 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, five have given a hold rating and seven have given a buy rating to the company’s stock. FTS International presently has a consensus rating of “Hold” and a consensus target price of $13.95.
A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in FTS International by 42.5% during the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock worth $58,000 after buying an additional 1,468 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of FTS International in the fourth quarter valued at about $38,000. Acadian Asset Management LLC lifted its holdings in shares of FTS International by 1,904.0% in the fourth quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock valued at $54,000 after purchasing an additional 7,140 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of FTS International by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 606,587 shares of the company’s stock valued at $7,151,000 after purchasing an additional 8,316 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of FTS International by 365.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,884 shares of the company’s stock valued at $77,000 after purchasing an additional 8,544 shares in the last quarter. 66.21% of the stock is currently owned by hedge funds and other institutional investors.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Wednesday, February 27th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The company had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $246.15 million. FTS International had a return on equity of 933.45% and a net margin of 16.74%. The firm’s quarterly revenue was down 45.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. On average, equities analysts predict that FTS International will post 0.74 earnings per share for the current year.
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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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