Franks International NV Insider John W. Sinders, Jr. Purchases 15,000 Shares (FI)
Franks International NV (NYSE:FI) Insider John W. Sinders, Jr. purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $20.45 per share, with a total value of $306,750.00. Following the transaction, the insider now directly owns 15,000 shares of the company’s stock, valued at approximately $306,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Franks International NV (NYSE:FI) traded down 1.71% during mid-day trading on Wednesday, hitting $20.09. The stock had a trading volume of 658,454 shares. Franks International NV has a 52-week low of $20.18 and a 52-week high of $32.70. The stock’s 50-day moving average is $23.19 and its 200-day moving average is $23.84. The company has a market cap of $3.084 billion and a price-to-earnings ratio of 17.91.
Franks International NV (NYSE:FI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.08. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $277.99 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Franks International NV will post $1.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Franks International NV in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $25.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Franks International NV in a research note on Monday. They now have a $24.00 price target on the stock, down previously from $28.00. Finally, analysts at Global Hunter Securities downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $29.00. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $28.25.
Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.
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