Initiated Outperform X

FTSI FTS International

Cowen

$27

FTSI  FTS International, Inc.

FTS International, Inc., together with its subsidiaries, provides well completion services in the United States. It offers hydraulic fracturing services to enhance hydrocarbon flow in oil and natural gas wells for oil and natural gas exploration and production companies. The company also provides wireline services comprising setting plugs between hydraulic fracturing stages, creating perforations within hydraulic fracturing stages, and logging the characteristics of resource formations. It focuses on various unconventional basins, including the Permian basin, the SCOOP/STACK formation, the Marcellus/Utica shale, the Eagle Ford shale, and the Haynesville shale. The company has 32 fleet with approximately 1.6 million hydraulic horsepower. FTS International, Inc. is headquartered in Fort Worth, Texas.