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 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.
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