FTS International Inc (FTSI) Receives a Hold from Wells Fargo

By Ryan Adsit

In a report released today, Judson Bailey from Wells Fargo maintained a Hold rating on FTS International Inc (FTSIResearch Report). The company’s shares closed yesterday at $5.61, close to its 52-week low of $5.14.

According to TipRanks.com, Bailey has currently no stars on a ranking scale of 0-5 stars, with an average return of -7.9% and a 32.1% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Oil States International, and Propetro Holding Corp.

Currently, the analyst consensus on FTS International Inc is a Moderate Buy with an average price target of $10.20, implying an 81.8% upside from current levels. In a report issued on June 25, Piper Jaffray also downgraded the stock to Hold with a $6 price target.

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FTS International Inc’s market cap is currently $615.9M and has a P/E ratio of 4.90. The company has a Price to Book ratio of 11.56.

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FTS International, Inc. engages in the provision of oil and natural gas well completion services. Its services include pressure pumping, wire line and perforating, reservoir optimization, and equipment manufacturing. The company was founded in 2002 and is headquartered in Fort Worth, TX.