FTS International (NYSE:FTSI) Sets New 12-Month Low at $5.44

FTS International Inc (NYSE:FTSI)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.44 and last traded at $5.47, with a volume of 4922 shares trading hands. The stock had previously closed at $5.64.

A number of research firms have recently commented on FTSI. Zacks Investment Research upgraded shares of FTS International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Friday, April 19th. Wells Fargo & Co restated a “hold” rating on shares of FTS International in a research report on Friday, May 10th. Finally, Morgan Stanley set a $13.00 price objective on shares of FTS International and gave the company a “buy” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. FTS International presently has a consensus rating of “Hold” and an average price target of $12.05.

The stock has a market cap of $633.86 million, a PE ratio of 2.29, a P/E/G ratio of 2.16 and a beta of 1.88. The company has a current ratio of 2.41, a quick ratio of 2.00 and a debt-to-equity ratio of 9.17.

FTS International (NYSE:FTSI) last announced its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $222.50 million for the quarter, compared to the consensus estimate of $232.70 million. Equities analysts expect that FTS International Inc will post 0.45 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of FTS International by 31.8% during the third quarter. Bank of New York Mellon Corp now owns 124,798 shares of the company’s stock worth $1,471,000 after acquiring an additional 30,075 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of FTS International during the first quarter worth approximately $182,000. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of FTS International by 152.3% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 165,758 shares of the company’s stock worth $1,178,000 after acquiring an additional 100,052 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FTS International by 17.5% during the third quarter. Vanguard Group Inc. now owns 2,544,516 shares of the company’s stock worth $30,000,000 after acquiring an additional 379,696 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 worth $18,295,000 after acquiring an additional 637,015 shares in the last quarter. Institutional investors and hedge funds own 66.34% of the company’s stock.

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About FTS International (NYSE:FTSI)

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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