FTS International Inc (NYSE:FTSI) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 3,730,000 shares, a growth of 6.9% from the August 15th total of 3,490,000 shares. Approximately 5.2% of the shares of the company are short sold. Based on an average daily trading volume, of 674,200 shares, the days-to-cover ratio is presently 5.5 days.
NYSE FTSI traded down $0.28 on Monday, reaching $2.24. 8,718 shares of the stock traded hands, compared to its average volume of 568,897. The firm’s fifty day simple moving average is $2.83 and its 200 day simple moving average is $6.36. The company has a quick ratio of 2.49, a current ratio of 2.95 and a debt-to-equity ratio of 8.49. The company has a market cap of $268.22 million, a price-to-earnings ratio of 0.95, a P/E/G ratio of 3.47 and a beta of 1.71. FTS International has a 12 month low of $2.32 and a 12 month high of $13.65.
FTS International (NYSE:FTSI) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $236.09 million. FTS International had a return on equity of 130.74% and a net margin of 2.62%. The business’s revenue was down 54.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. As a group, equities research analysts forecast that FTS International will post 0.12 EPS for the current fiscal year.
FTSI has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on FTS International from $4.20 to $3.20 and set a “neutral” rating for the company in a report on Monday, September 23rd. Morgan Stanley decreased their price objective on FTS International from $13.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Zacks Investment Research lowered FTS International from a “hold” rating to a “sell” rating in a report on Wednesday, July 3rd. Barclays decreased their price objective on FTS International from $5.00 to $3.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Bank of America lowered FTS International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $7.00 to $6.25 in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.05.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC lifted its holdings in shares of FTS International by 10.0% in the second quarter. Stone Ridge Asset Management LLC now owns 43,017 shares of the company’s stock valued at $240,000 after purchasing an additional 3,900 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of FTS International by 262.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,459 shares of the company’s stock worth $75,000 after acquiring an additional 5,403 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of FTS International during the second quarter worth $52,000. SG Americas Securities LLC purchased a new stake in shares of FTS International during the first quarter worth $101,000. Finally, Capital Fund Management S.A. purchased a new stake in shares of FTS International during the second quarter worth $64,000. Institutional investors own 63.15% of the company’s stock.
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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