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

Other equities analysts have also issued reports about the company. Morgan Stanley decreased their price objective on FTS International from $13.00 to $9.00 and set an overweight rating for the company in a research report on Friday, July 12th. Piper Jaffray Companies lowered FTS International from an overweight rating to a neutral rating and decreased their price objective for the company from $9.25 to $6.00 in a research report on Tuesday, June 25th. Cowen lowered FTS International from an outperform rating to a market perform rating in a research report on Thursday. Citigroup lowered FTS International from a buy rating to a neutral rating and decreased their price objective for the company from $8.00 to $6.00 in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research lowered FTS International from a hold rating to a sell rating in a research report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $8.25.

FTS International stock opened at $3.02 on Thursday. The firm has a market capitalization of $331.46 million, a P/E ratio of 1.28, a PEG ratio of 4.76 and a beta of 1.71. FTS International has a 1 year low of $2.32 and a 1 year high of $13.65. The business has a 50-day moving average of $3.05 and a 200-day moving average of $6.86. The company has a current ratio of 2.95, a quick ratio of 2.49 and a debt-to-equity ratio of 8.49.

FTS International (NYSE:FTSI) last posted its earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.05). The company had revenue of $225.80 million for the quarter, compared to analyst estimates of $236.09 million. FTS International had a return on equity of 130.74% and a net margin of 2.62%. FTS International’s quarterly revenue was down 54.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Research analysts anticipate that FTS International will post 0.11 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank grew its position in shares of FTS International by 60.5% in the 2nd quarter. Swiss National Bank now owns 61,000 shares of the company’s stock valued at $340,000 after purchasing an additional 23,000 shares during the period. WINTON GROUP Ltd acquired a new position in shares of FTS International in the 2nd quarter valued at approximately $218,000. Benefit Street Partners LLC grew its position in shares of FTS International by 56.7% in the 2nd 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 period. JPMorgan Chase & Co. grew its position in shares of FTS International by 20.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock valued at $12,674,000 after purchasing an additional 378,516 shares during the period. Finally, Trexquant Investment LP acquired a new position in FTS International during the 2nd quarter worth approximately $102,000. Institutional investors and hedge funds own 63.15% of the company’s stock.

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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Analyst Recommendations for FTS International (NYSE:FTSI)

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