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FTSI - FTS International Lacks Growth Drivers But The Management Shows Optimism
FTS International Inc. Class A
FTSI‘s Upside Is Limited
FTS International (FTSI) provides hydraulic fracturing services in North America. It operates in the major unconventional basins, including the Permian Basin, the SCOOP/STACK Formation, the Marcellus/Utica Shale, the Eagle Ford Shale and the Haynesville Shale. I do not expect the stock price to exhibit positive momentum in the short term. How the company handles the pressure on margin will decide how it performs in the medium term.
The excess supply of frac equipment in the market has put substantial pressure on the pricing of the OFS companies, particularly the