Benzinga | Nov 6, 2020 12:12PM EST

Why FTS International's Stock Is Trading Higher Today

FTS International (NYSE:FTSI) shares are trading higher on Friday after the company announced the confirmation of a reorganization plan and anticipates full emergence from Chapter 11 by the end of November.

FTS International operates in the energy sector of the United States. It caters to the oil and gas industry as one of the largest providers of hydraulic fracturing services in North America. The objective of hydraulic fracturing is to enhance hydrocarbon flow in oil and natural gas wells, thereby increasing the amount of hydrocarbons recovered. The company also has significant maintenance and repair capabilities, and it manufactures replacement parts to support its operations and enhance its asset utilization.

FTS International shares were trading up 22.63% at $4.01 on Friday. The stock has a 52-week high of $33 and a 52-week low of $1.01.