Frank’s International N.V. (NYSE:FI) major shareholder Michael Frank Mosing sold 800,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $5.62, for a total value of $4,496,000.00. Following the transaction, the insider now owns 803,735 shares in the company, valued at approximately $4,516,990.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Frank’s International N.V. (NYSE FI) traded up $0.05 during midday trading on Friday, hitting $6.10. The stock had a trading volume of 1,189,100 shares, compared to its average volume of 1,173,005. Frank’s International N.V. has a 1-year low of $5.97 and a 1-year high of $13.57.
Frank’s International (NYSE:FI) last released its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Frank’s International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The business had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. During the same quarter last year, the business posted ($0.14) earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts expect that Frank’s International N.V. will post -0.45 EPS for the current year.
A number of brokerages have issued reports on FI. Royal Bank Of Canada set a $10.00 price target on Frank’s International and gave the stock a “buy” rating in a research report on Sunday, October 8th. Zacks Investment Research upgraded Frank’s International from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub downgraded Frank’s International from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Jefferies Group set a $9.00 target price on Frank’s International and gave the company a “hold” rating in a research report on Thursday, October 5th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $5.50 target price on shares of Frank’s International in a research report on Friday, November 10th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Frank’s International currently has an average rating of “Hold” and an average target price of $8.00.
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About Frank’s International
Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.
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