Guggenheim analyst Michael LaMotte reiterated a Buy rating on FTS International Inc (FTSI) on November 27 and set a price target of $16. The company’s shares opened today at $10.30, close to its 52-week low of $9.38.
According to TipRanks.com, LaMotte has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.6% and a 21.9% success rate. LaMotte covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Core Laboratories, and Nabors Industries.
FTS International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $16.65.
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Based on FTS International Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $49.6 million. In comparison, last year the company earned revenue of $449 million and had a net profit of $83.6 million.
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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.
