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A number of stock research firms have changed their ratings and price targets for Franks International NV (NYSE: FI) during the last seven days:

  • Franks International NV was upgraded by analysts at Goldman Sachs from a “sell” rating to a “neutral” rating.
  • Franks International NV had its “neutral” rating reaffirmed by analysts at Credit Suisse. They now have a $24.00 price target on the stock, down previously from $28.00.
  • Franks International NV had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $22.00 price target on the stock, down previously from $25.00.
  • Franks International NV was downgraded by analysts at Global Hunter Securities from a “buy” rating to an “accumulate” rating. They now have a $23.00 price target on the stock, down previously from $29.00.

Franks International NV (NYSE:FI) traded up 2.67% during mid-day trading on Tuesday, hitting $20.76. 373,151 shares of the company’s stock traded hands. Franks International NV has a one year low of $19.94 and a one year high of $32.70. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $23.76. The company has a market cap of $3.187 billion and a price-to-earnings ratio of 17.72.

Franks International NV (NYSE:FI) last announced its earnings results on Thursday, August 7th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ 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. Franks International NV’s revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that Franks International NV will post $1.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, August 27th.

In other Franks International NV news, Insider John W. Sinders, Jr. acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $20.45 per share, for a total transaction of $306,750.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.

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