FTS International Inc (NYSE:FTSI) shares dropped 6.7% on Thursday . The stock traded as low as $6.35 and last traded at $6.71. Approximately 719,204 shares were traded during trading, an increase of 48% from the average daily volume of 487,490 shares. The stock had previously closed at $7.19.

FTSI has been the topic of several recent analyst reports. Zacks Investment Research lowered FTS International from a “buy” rating to a “hold” rating in a report on Wednesday, April 17th. Wells Fargo & Co reiterated a “hold” rating on shares of FTS International in a report on Friday, May 10th. Finally, Morgan Stanley set a $13.00 target price on FTS International and gave the stock a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.05.

The firm has a market cap of $747.01 million, a P/E ratio of 2.88, a PEG ratio of 2.69 and a beta of 1.25. The company has a quick ratio of 2.00, a current ratio of 2.41 and a debt-to-equity ratio of 9.17.

FTS International (NYSE:FTSI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $222.50 million during the quarter, compared to the consensus estimate of $232.70 million. FTS International had a net margin of 9.60% and a return on equity of 301.48%. On average, equities analysts forecast that FTS International Inc will post 0.47 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of FTSI. Great West Life Assurance Co. Can bought a new stake in shares of FTS International in the fourth quarter valued at about $38,000. Acadian Asset Management LLC lifted its holdings in shares of FTS International by 1,904.0% in the fourth quarter. Acadian Asset Management LLC now owns 7,515 shares of the company’s stock valued at $54,000 after purchasing an additional 7,140 shares in the last quarter. Legal & General Group Plc increased its position in shares of FTS International by 42.5% in the third quarter. Legal & General Group Plc now owns 4,920 shares of the company’s stock valued at $58,000 after acquiring an additional 1,468 shares during the last quarter. Cipher Capital LP acquired a new stake in shares of FTS International in the fourth quarter valued at about $73,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of FTS International by 262.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock valued at $75,000 after acquiring an additional 5,403 shares during the last quarter. Institutional investors own 67.05% of the company’s stock.

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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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