Stock analysts at Barclays assumed coverage on shares of FTS International (NYSE:FTSI) in a report issued on Tuesday, MarketBeat reports. The brokerage set an “overweight” rating and a $30.00 price target on the stock. Barclays’ target price points to a potential upside of 47.64% from the stock’s previous close.
FTS International (FTSI) opened at $20.32 on Tuesday. FTS International has a 52 week low of $15.02 and a 52 week high of $21.52.
In related news, insider Chk Energy Holdings Inc sold 4,348,484 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $16.97, for a total value of $73,793,773.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lance D. Turner bought 4,500 shares of FTS International stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $18.00 per share, with a total value of $81,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 631,500 shares of company stock valued at $11,367,000 in the last 90 days.
FTS International, Inc, is a provider of oil and natural gas well stimulation services, specializing in high-pressure hydraulic fracturing. The Company’s fleets consist of mobile hydraulic fracturing units and other auxiliary heavy equipment to perform fracturing services. The Company also manufactures many of the components used in its hydraulic fracturing units, including consumables, such as fluid-ends.
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