Frank s International Coverage Initiated at Capital One Financial Corp. (FI)
Analysts at Capital One Financial Corp. assumed coverage on shares of Frank s International (NYSE:FI) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set an “add” rating on the stock.
Frank s International (NYSE:FI) opened at 29.71 on Friday. Frank s International has a 52 week low of $25.76 and a 52 week high of $30.00. The stock has a 50-day moving average of $27.66 and a 200-day moving average of $27.66. The company has a market cap of $4.428 billion and a price-to-earnings ratio of 4.18.
Frank s International (NYSE:FI) last posted its quarterly 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. Analysts expect that Frank s International will post $1.81 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil initiated coverage on shares of Frank s International (NYSE:FI) in a research note to investors on Thursday. They set a “sector outperform” rating and a $34.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Frank s International (NYSE:FI) in a research note to investors on Thursday. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Frank s International (NYSE:FI) in a research note to investors on Thursday. They set an “outperform” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $32.60.
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 1.01%. 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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