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Franks International NV (NYSE:FI) hit a new 52-week low on Thursday , AnalystRatings.Net reports. The stock traded as low as $19.89 and last traded at $20.04, with a volume of 142,897 shares trading hands. The stock had previously closed at $20.10.

FI has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Franks International NV in a research note on Monday, August 11th. 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, August 11th. 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, August 11th. They now have a $23.00 price target on the stock, down previously from $29.00. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.25.

The stock’s 50-day moving average is $22.00 and its 200-day moving average is $23.61. The company has a market cap of $3.067 billion and a P/E ratio of 17.62. Franks International NV also saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 2,581,986 shares, a growth of 50.3% from the July 31st total of 1,718,029 shares. Currently, 7.7% of the company’s shares are short sold. Based on an average daily volume of 706,196 shares, the days-to-cover ratio is currently 3.7 days.

Franks International NV (NYSE:FI) last issued its quarterly earnings data 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. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Analysts expect that Franks International NV will post $1.11 EPS 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 3.00%. The ex-dividend date of this dividend is Wednesday, August 27th.

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

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