FTS International (NYSE:FTSI) Price Target Lowered to $3.00 at Wells Fargo & Co

FTS International (NYSE:FTSI) had its price objective cut by Wells Fargo & Co from $4.00 to $3.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a market perform rating on the stock.

Several other research firms have also commented on FTSI. Morgan Stanley dropped their price objective on shares of FTS International from $13.00 to $9.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Cowen downgraded shares of FTS International from an outperform rating to a market perform rating in a research note on Thursday. Zacks Investment Research downgraded shares of FTS International from a hold rating to a sell rating in a research note on Wednesday, July 3rd. Citigroup downgraded shares of FTS International from a buy rating to a neutral rating and dropped their target price for the stock from $8.00 to $6.00 in a research note on Tuesday, July 2nd. Finally, Piper Jaffray Companies downgraded shares of FTS International from an overweight rating to a neutral rating and dropped their target price for the stock from $9.25 to $6.00 in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $8.25.

NYSE:FTSI traded down $0.02 during mid-day trading on Thursday, hitting $3.02. 22,165 shares of the company’s stock were exchanged, compared to its average volume of 585,202. FTS International has a one year low of $2.32 and a one year high of $13.65. The company has a debt-to-equity ratio of 8.49, a current ratio of 2.95 and a quick ratio of 2.49. The business has a fifty day moving average price of $3.09 and a 200 day moving average price of $6.90. The company has a market cap of $378.34 million, a PE ratio of 1.28, a P/E/G ratio of 4.05 and a beta of 1.71.

FTS International (NYSE:FTSI) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). FTS International had a return on equity of 130.74% and a net margin of 2.62%. The business had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. During the same period in the previous year, the firm earned $0.95 EPS. The company’s revenue was down 54.2% on a year-over-year basis. On average, equities analysts forecast that FTS International will post 0.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FTSI. WINTON GROUP Ltd purchased a new position in shares of FTS International during the second quarter valued at approximately $218,000. Benefit Street Partners LLC raised its holdings in shares of FTS International by 56.7% during the second quarter. Benefit Street Partners LLC now owns 326,844 shares of the company’s stock valued at $1,824,000 after purchasing an additional 118,217 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of FTS International during the second quarter valued at approximately $102,000. JPMorgan Chase & Co. raised its holdings in shares of FTS International by 53.4% during the first 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 during the last quarter. Finally, Strs Ohio purchased a new position in shares of FTS International during the second quarter valued at approximately $455,000. Hedge funds and other institutional investors own 63.15% 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.

Featured Story: What is included in the gross domestic product?

Analyst Recommendations for FTS International (NYSE:FTSI)

Receive News & Ratings for FTS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTS International and related companies with MarketBeat.com's FREE daily email newsletter.