Cowen reaffirmed their buy rating on shares of FTS International (NYSE:FTSI) in a research note issued to investors on Friday morning. The firm currently has a $23.00 target price on the stock.

Several other analysts have also issued reports on FTSI. Tudor Pickering began coverage on shares of FTS International in a research report on Monday, March 5th. They set a buy rating on the stock. Guggenheim began coverage on shares of FTS International in a research report on Tuesday, February 27th. They set a buy rating and a $35.00 price target on the stock. Evercore ISI began coverage on shares of FTS International in a research report on Tuesday, February 27th. They set an outperform rating and a $27.00 price target on the stock. Credit Suisse Group began coverage on shares of FTS International in a research report on Tuesday, February 27th. They set an outperform rating and a $26.00 price target on the stock. Finally, Wells Fargo began coverage on shares of FTS International in a research report on Tuesday, February 27th. They set an outperform rating and a $34.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of $29.29.

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Shares of NYSE:FTSI opened at $18.64 on Friday. FTS International has a 12-month low of $15.02 and a 12-month high of $21.52. The company has a quick ratio of 2.53, a current ratio of 2.77 and a debt-to-equity ratio of -1.36.

FTS International (NYSE:FTSI) last announced its earnings results on Friday, March 9th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.25). The business had revenue of $458.70 million for the quarter, compared to analysts’ expectations of $459.00 million. research analysts expect that FTS International will post 4.64 earnings per share for the current year.

In related news, major shareholder Rrj Capital Master Fund I, L.P acquired 560,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $18.00 per share, with a total value of $10,080,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Boon Sim acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $18.00 per share, with a total value of $900,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 631,500 shares of company stock worth $11,367,000 in the last quarter.

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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.

Analyst Recommendations for FTS International (NYSE:FTSI)

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