Shares of Franks International NV (NYSE:FI) have earned an average rating of “Hold” from the sixteen analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.81.
Several equities research analysts have weighed in on the company. ValuEngine cut Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Scotiabank reissued a “hold” rating and issued a $12.00 target price on shares of Franks International in a research report on Friday, November 3rd. Jefferies Group set a $7.00 target price on Franks International and gave the stock a “hold” rating in a research report on Thursday, January 4th. Royal Bank of Canada set a $7.00 target price on Franks International and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research raised Franks International from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th.
Franks International (FI) traded down $0.06 during midday trading on Friday, reaching $6.06. The company’s stock had a trading volume of 279,004 shares, compared to its average volume of 752,594. Franks International has a 1-year low of $5.72 and a 1-year high of $12.78. The stock has a market cap of $1,370.00, a PE ratio of -11.55 and a beta of 1.11.
In related news, major shareholder Keith Mosing Family Par Donald sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $6.37, for a total transaction of $3,185,000.00. Following the completion of the transaction, the insider now owns 6,652,920 shares of the company’s stock, valued at approximately $42,379,100.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder William Bradford Mosing sold 271,177 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $6.46, for a total value of $1,751,803.42. Following the transaction, the insider now directly owns 1,588,640 shares of the company’s stock, valued at approximately $10,262,614.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,183,592 shares of company stock valued at $25,522,757. 77.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of FI. Citigroup Inc. increased its position in Franks International by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock valued at $101,000 after buying an additional 10,690 shares in the last quarter. Legal & General Group Plc increased its position in Franks International by 567.8% during the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares in the last quarter. Gagnon Securities LLC bought a new position in Franks International during the 3rd quarter valued at approximately $124,000. Teacher Retirement System of Texas bought a new stake in shares of Franks International in the 4th quarter worth $126,000. Finally, M&T Bank Corp bought a new stake in shares of Franks International in the 2nd quarter worth $138,000. 31.21% of the stock is owned by institutional investors.
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About Franks International
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.
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