Frank s International Lowered to “Sector Perform” at Howard Weil (FI)
Frank s International (NYSE:FI) was downgraded by analysts at Howard Weil from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $30.00 price objective on the stock. Howard Weil’s price objective would indicate a potential upside of 23.51% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Frank s International from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 2nd. They now have a $25.60 price target on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Frank s International in a research note to investors on Tuesday, December 17th. They set a “buy” rating and a $33.00 price target on the stock. Finally, analysts at Guggenheim initiated coverage on shares of Frank s International in a research note to investors on Wednesday, December 11th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.80.
Frank s International (NYSE:FI) traded up 1.11% during mid-day trading on Thursday, hitting $24.56. The stock had a trading volume of 70,039 shares. Frank s International has a one year low of $23.10 and a one year high of $32.70. The stock has a 50-day moving average of $25.85 and a 200-day moving average of $28.08. The company has a market cap of $3.771 billion and a price-to-earnings ratio of 10.52.
Frank s International (NYSE:FI) last issued its quarterly earnings data on Wednesday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.10. The company had revenue of $270.10 million for the quarter, compared to the consensus estimate of $303.92 million. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, analysts predict that Frank s International will post $1.72 earnings per share for the current fiscal year.
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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