UBS AG Initiates Coverage on Frank s International (FI)
Stock analysts at UBS AG assumed coverage on shares of Frank s International (NYSE:FI) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $33.00 price target on the stock. UBS AG’s price objective suggests a potential upside of 14.62% from the stock’s previous close.
Shares of Frank s International (NYSE:FI) traded up 3.20% during mid-day trading on Wednesday, hitting $29.71. 985,354 shares of the company’s stock traded hands. Frank s International has a 52-week low of $25.76 and a 52-week high of $29.49. The stock’s 50-day moving average is $27.59 and its 200-day moving average is $27.59. The company has a market cap of $4.428 billion and a P/E ratio of 4.05.
Frank s International (NYSE:FI) last announced its earnings results on Wednesday, September 18th. The company reported $0.85 earnings per share for the quarter. The company had revenue of $292.98 million for the quarter, compared to the consensus estimate of $262.69 million. On average, analysts predict that Frank s International will post $1.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, December 19th. Investors of record on Friday, November 29th will be paid a dividend of $0.08 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, November 26th.
Frank s International NV is a Netherlands-based company. It provides a broad and comprehensive range of tubular technologies to the oil and gas industry.
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