FTS International Inc (NYSE:FTSI) Sees Significant Drop in Short Interest

Share on StockTwits

FTS International Inc (NYSE:FTSI) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,995,100 shares, a decrease of 15.6% from the June 30th total of 2,364,500 shares. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 745,600 shares, the days-to-cover ratio is presently 2.7 days.

Shares of FTS International stock traded up $0.14 on Thursday, reaching $3.08. The stock had a trading volume of 1,012,200 shares, compared to its average volume of 600,067. FTS International has a 1 year low of $2.71 and a 1 year high of $13.65. The company has a market cap of $310.74 million, a P/E ratio of 1.31, a price-to-earnings-growth ratio of 2.86 and a beta of 1.54. The company has a current ratio of 2.95, a quick ratio of 2.49 and a debt-to-equity ratio of 8.49. The business’s 50 day moving average is $4.47 and its two-hundred day moving average is $7.73.

FTS International (NYSE:FTSI) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). FTS International had a return on equity of 130.74% and a net margin of 2.62%. The firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $236.09 million. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s quarterly revenue was down 54.2% compared to the same quarter last year. On average, equities analysts anticipate that FTS International will post 0.17 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of FTS International by 6.3% in the second quarter. Vanguard Group Inc. now owns 3,217,124 shares of the company’s stock worth $17,951,000 after purchasing an additional 191,516 shares during the last quarter. BlackRock Inc. increased its position in shares of FTS International by 6.0% in the second quarter. BlackRock Inc. now owns 2,318,616 shares of the company’s stock worth $12,938,000 after purchasing an additional 131,915 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of FTS International by 20.7% in the second quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock worth $12,674,000 after purchasing an additional 378,516 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of FTS International by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 804,914 shares of the company’s stock worth $4,492,000 after purchasing an additional 27,803 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of FTS International by 4.1% in the second quarter. Northern Trust Corp now owns 415,583 shares of the company’s stock worth $2,320,000 after purchasing an additional 16,458 shares during the last quarter. Institutional investors own 66.53% of the company’s stock.

Several equities research analysts have commented on FTSI shares. Bank of America downgraded shares of FTS International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $6.25 in a report on Wednesday, July 10th. Citigroup downgraded shares of FTS International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $8.00 to $6.00 in a report on Tuesday, July 2nd. Morgan Stanley lowered their price target on shares of FTS International from $13.00 to $9.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Capital One Financial downgraded shares of FTS International from an “overweight” rating to an “equal weight” rating in a report on Monday, August 5th. Finally, Piper Jaffray Companies downgraded shares of FTS International from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $9.25 to $6.00 in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.19.

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.

Featured Story: Buy Rating

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.