Piper Jaffray Companies set a $9.00 target price on FTS International (NYSE:FTSI) in a research report sent to investors on Tuesday, Stock Target Advisor reports. The firm currently has a buy rating on the stock. Piper Jaffray Companies also issued estimates for FTS International’s Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.43 EPS, Q1 2020 earnings at $0.14 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.32 EPS, Q4 2020 earnings at $0.21 EPS and FY2020 earnings at $0.90 EPS.
A number of other analysts have also recently commented on FTSI. Bank of America raised FTS International from a neutral rating to a buy rating in a research report on Tuesday, April 16th. Zacks Investment Research cut FTS International from a buy rating to a hold rating in a research report on Friday, March 22nd. Wells Fargo & Co cut FTS International from an outperform rating to a market perform rating and lifted their price target for the stock from $11.23 to $11.50 in a research report on Friday, March 29th. Finally, Barclays cut FTS International from an overweight rating to an equal weight rating and lowered their price target for the stock from $14.00 to $9.00 in a research report on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. FTS International has a consensus rating of Hold and a consensus target price of $12.05.
FTSI stock traded down $0.24 on Tuesday, hitting $7.78. 2,795 shares of the company’s stock were exchanged, compared to its average volume of 432,824. FTS International has a 12-month low of $5.96 and a 12-month high of $22.60. The company has a debt-to-equity ratio of 9.17, a current ratio of 2.41 and a quick ratio of 2.00. The company has a market cap of $812.92 million, a price-to-earnings ratio of 3.35, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC acquired a new position in shares of FTS International in the 1st quarter valued at about $317,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of FTS International in the 1st quarter valued at about $1,711,000. QVT Financial LP lifted its holdings in shares of FTS International by 83.3% in the 1st quarter. QVT Financial LP now owns 768,226 shares of the company’s stock valued at $7,363,000 after buying an additional 349,100 shares during the period. One Wealth Advisors LLC acquired a new position in shares of FTS International in the 1st quarter valued at about $159,000. Finally, Geode Capital Management LLC lifted its holdings in shares of FTS International by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 391,094 shares of the company’s stock valued at $3,910,000 after buying an additional 23,920 shares during the period. 66.87% of the stock is owned by institutional investors.
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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