Frank s International Reaches New 52-Week Low at $21.64 (FI)
Shares of Frank s International (NYSE:FI) hit a new 52-week low during trading on Wednesday , Analyst Ratings Network reports. The company traded as low as $21.64 and last traded at $21.99, with a volume of 1,294,556 shares trading hands. The stock had previously closed at $22.80.
A number of research firms have recently commented on FI. Analysts at Howard Weil downgraded shares of Frank s International from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, January 9th. They now have a $30.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Frank s International from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 2nd. They now have a $25.60 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Frank s International in a research note on Tuesday, December 17th. They set a “buy” rating and a $33.00 price target on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Frank s International has an average rating of “Hold” and an average price target of $30.80.
The stock has a 50-day moving average of $24.28 and a 200-day moving average of $27.21. The company has a market cap of $3.371 billion and a price-to-earnings ratio of 9.87.
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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