Franks International NV (NYSE:FI) has been given a consensus rating of “Hold” by the sixteen ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.75.
A number of equities analysts have recently weighed in on FI shares. ValuEngine lowered Franks International from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Wolfe Research raised Franks International from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. Jefferies Group set a $7.00 price objective on Franks International and gave the stock a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada set a $7.00 price objective on Franks International and gave the stock a “buy” rating in a research note on Thursday, December 21st. Finally, Tudor Pickering raised Franks International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th.
In related news, major shareholder Michael Frank Mosing sold 200,000 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the sale, the insider now directly owns 803,735 shares in the company, valued at $4,147,272.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 77.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its position in shares of Franks International by 30.8% in the fourth quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock worth $265,000 after buying an additional 9,400 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Franks International by 20.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 61,875 shares of the pipeline company’s stock worth $411,000 after buying an additional 10,500 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Franks International by 38.8% in the fourth quarter. MML Investors Services LLC now owns 48,464 shares of the pipeline company’s stock worth $322,000 after buying an additional 13,539 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Franks International by 21.6% in the fourth quarter. Alliancebernstein L.P. now owns 76,700 shares of the pipeline company’s stock worth $510,000 after buying an additional 13,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Franks International by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 265,543 shares of the pipeline company’s stock worth $2,050,000 after buying an additional 15,234 shares in the last quarter. Institutional investors own 33.20% of the company’s stock.
NYSE:FI traded down $0.29 during mid-day trading on Friday, hitting $5.51. 893,207 shares of the company traded hands, compared to its average volume of 932,105. Franks International has a one year low of $4.93 and a one year high of $10.37. The firm has a market capitalization of $1,230.88, a PE ratio of -9.03 and a beta of 1.22.
Franks International (NYSE:FI) last released its quarterly earnings results on Tuesday, February 27th. The pipeline company reported ($0.26) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.15). Franks International had a negative net margin of 35.06% and a negative return on equity of 11.22%. The company had revenue of $118.32 million for the quarter, compared to the consensus estimate of $115.92 million. During the same period in the prior year, the firm posted ($0.18) EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts anticipate that Franks International will post -0.4 earnings per share for the current year.
Franks International Company Profile
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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