After Morgan Stanley and Cowen & Co. gave FTS International Inc (NYSE: FTSI) a Buy rating last month, the company received another Buy, this time from Piper Jaffray. Analyst John Daniel reiterated a Buy rating on FTS International Inc yesterday and set a price target of $19. The company’s shares opened today at $12.82.
According to TipRanks.com, Daniel is a 3-star analyst with an average return of 2.5% and a 46.0% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and C&J Energy Services Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for FTS International Inc with a $18.43 average price target, implying a 43.8% upside from current levels. In a report issued on August 2, Credit Suisse also reiterated a Buy rating on the stock with a $15 price target.
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FTS International Inc’s market cap is currently $1.4B and has a P/E ratio of 1.79. The company has a Price to Book ratio of 64.16.
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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.
