FTS International Inc (NYSE:FTSI)’s share price dropped 2.1% during mid-day trading on Friday . The company traded as low as $9.89 and last traded at $9.51. Approximately 19,324 shares changed hands during trading, a decline of 97% from the average daily volume of 573,658 shares. The stock had previously closed at $9.71.

FTSI has been the topic of a number of recent research reports. Citigroup dropped their price target on FTS International from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, July 9th. Wells Fargo & Co downgraded FTS International to a “hold” rating in a research report on Thursday. Tudor Pickering downgraded FTS International from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Capital One Financial reissued an “equal weight” rating on shares of FTS International in a research report on Wednesday, July 25th. Finally, ValuEngine downgraded FTS International from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.11.

The company has a debt-to-equity ratio of 28.83, a quick ratio of 2.26 and a current ratio of 2.58.

FTS International (NYSE:FTSI) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.09). The company had revenue of $493.30 million during the quarter, compared to the consensus estimate of $528.87 million. sell-side analysts expect that FTS International Inc will post 2.94 EPS for the current year.

A number of hedge funds have recently modified their holdings of FTSI. Temasek Holdings Private Ltd bought a new stake in FTS International during the first quarter valued at about $765,339,000. BlackRock Inc. bought a new stake in FTS International during the first quarter valued at about $51,670,000. Point72 Asset Management L.P. bought a new stake in FTS International during the first quarter valued at about $24,687,000. Zimmer Partners LP bought a new stake in FTS International during the first quarter valued at about $16,746,000. Finally, Millennium Management LLC bought a new stake in FTS International during the first quarter valued at about $14,676,000. 67.35% of the stock is currently owned by institutional investors.

About FTS International (NYSE:FTSI)

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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