FTS International (NYSE:FTSI) has been assigned a $9.00 price objective by equities researchers at Piper Jaffray Companies in a note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Companies’ target price would indicate a potential upside of 21.62% from the company’s current price. Piper Jaffray Companies also issued estimates for FTS International’s Q2 2020 earnings at $0.23 EPS and Q4 2020 earnings at $0.21 EPS.
FTSI has been the subject of several other research reports. Zacks Investment Research cut shares of FTS International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Bank of America raised shares of FTS International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, Wells Fargo & Co cut shares of FTS International from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $11.23 to $11.50 in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.05.
FTSI stock opened at $7.40 on Tuesday. The company has a debt-to-equity ratio of 9.17, a quick ratio of 2.00 and a current ratio of 2.41. FTS International has a 52 week low of $5.96 and a 52 week high of $22.60. The stock has a market capitalization of $795.34 million, a P/E ratio of 3.14, a price-to-earnings-growth ratio of 1.75 and a beta of 1.25.
FTS International (NYSE:FTSI) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). FTS International had a net margin of 9.60% and a return on equity of 301.48%. The business had revenue of $222.50 million during the quarter, compared to analyst estimates of $232.70 million. On average, analysts predict that FTS International will post 0.7 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position 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 purchasing an additional 1,468 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in FTS International by 1.0% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 167,409 shares of the company’s stock worth $1,674,000 after purchasing an additional 1,651 shares during the period. State of Tennessee Treasury Department lifted its position in FTS International by 28.0% during the first quarter. State of Tennessee Treasury Department now owns 17,736 shares of the company’s stock worth $177,000 after purchasing an additional 3,884 shares during the period. BNP Paribas Arbitrage SA lifted its position in FTS International by 262.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock worth $75,000 after purchasing an additional 5,403 shares during the period. Finally, Great West Life Assurance Co. Can bought a new stake in FTS International during the fourth quarter worth about $38,000. 66.87% of the stock is owned by institutional investors and hedge funds.
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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