Capital One Financial Downgrades FTS International (NYSE:FTSI) to Equal Weight

Capital One Financial cut shares of FTS International (NYSE:FTSI) from an overweight rating to an equal weight rating in a report published on Tuesday morning, Zacks.com reports. Capital One Financial also issued estimates for FTS International’s Q4 2019 earnings at ($0.24) EPS, FY2019 earnings at $0.08 EPS, FY2019 earnings at ($0.24) EPS, FY2020 earnings at ($0.71) EPS and FY2021 earnings at ($0.81) EPS.

Several other equities analysts have also recently weighed in on FTSI. Morgan Stanley decreased their target price on shares of FTS International from $7.00 to $4.00 and set an overweight rating for the company in a research note on Monday, October 7th. Cowen downgraded FTS International from an outperform rating to a market perform rating and set a $5.00 price target for the company. in a report on Thursday, September 12th. Barclays cut their price target on FTS International from $5.00 to $3.00 and set an equal weight rating for the company in a report on Monday, September 30th. Citigroup cut their price target on FTS International from $3.20 to $2.80 and set a neutral rating for the company in a report on Tuesday, October 1st. Finally, ValuEngine downgraded FTS International from a hold rating to a sell rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $5.56.

Shares of FTSI opened at $1.31 on Tuesday. The stock has a market capitalization of $146.10 million, a P/E ratio of 0.56, a P/E/G ratio of 3.57 and a beta of 1.60. FTS International has a twelve month low of $1.28 and a twelve month high of $13.07. The company has a 50 day moving average of $1.89 and a 200-day moving average of $4.58. The company has a quick ratio of 2.49, a current ratio of 2.95 and a debt-to-equity ratio of 8.49.

A number of institutional investors and hedge funds have recently modified their holdings of FTSI. JPMorgan Chase & Co. lifted its stake in FTS International by 20.7% in the second quarter. JPMorgan Chase & Co. now owns 2,207,850 shares of the company’s stock valued at $12,674,000 after buying an additional 378,516 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of FTS International during the second quarter worth approximately $2,093,000. Assenagon Asset Management S.A. acquired a new position in shares of FTS International during the third quarter worth approximately $529,000. Vanguard Group Inc. raised its position in shares of FTS International by 6.3% during 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 period. Finally, D. E. Shaw & Co. Inc. raised its position in shares of FTS International by 9,466.3% during the second quarter. D. E. Shaw & Co. Inc. now owns 149,486 shares of the company’s stock worth $834,000 after purchasing an additional 151,082 shares during the period. 63.53% of the stock is currently owned by hedge funds and other institutional investors.

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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