FTS International (NYSE:FTSI) announced its earnings results on Wednesday. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.18) by $0.06, Fidelity Earnings reports. FTS International had a negative net margin of 3.79% and a positive return on equity of 49.11%. The company had revenue of $142.30 million for the quarter, compared to analyst estimates of $135.87 million.
Shares of FTSI opened at $1.11 on Friday. FTS International has a 12 month low of $0.48 and a 12 month high of $12.37. The firm has a fifty day simple moving average of $0.86 and a 200 day simple moving average of $1.75. The stock has a market capitalization of $59.39 million, a price-to-earnings ratio of -3.58 and a beta of 1.53. The company has a current ratio of 3.22, a quick ratio of 2.81 and a debt-to-equity ratio of 10.19.
FTSI has been the topic of several analyst reports. Zacks Investment Research upgraded shares of FTS International from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of FTS International from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Scotiabank lowered shares of FTS International from a “sector perform” rating to a “sector underperform” rating and set a $1.00 price objective on the stock. in a report on Monday, January 6th. Capital One Financial lowered shares of FTS International from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus upgraded shares of FTS International from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. FTS International currently has a consensus rating of “Hold” and a consensus price target of $4.61.
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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