Franks International NV (FI) Given Average Recommendation of “Hold” by Analysts
Franks International NV (NYSE:FI) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.81.
FI has been the subject of several research reports. JPMorgan Chase & Co. cut Franks International from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Wednesday, September 27th. Jefferies Group set a $9.00 price target on Franks International and gave the stock a “hold” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $10.00 price target on Franks International and gave the stock a “buy” rating in a report on Sunday, October 8th. Deutsche Bank started coverage on Franks International in a research note on Tuesday, October 10th. They set a “hold” rating and a $7.00 price objective on the stock. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Franks International in a research note on Sunday, October 22nd.
In other news, major shareholder Frank Mosing Family L. Michael sold 45,000 shares of Franks International stock in a transaction on Monday, November 6th. The stock was sold at an average price of $7.28, for a total value of $327,600.00. Following the transaction, the insider now owns 9,273,667 shares in the company, valued at approximately $67,512,295.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director D. Keith Mosing sold 350,000 shares of Franks International stock in a transaction on Monday, November 6th. The shares were sold at an average price of $7.25, for a total value of $2,537,500.00. Following the completion of the transaction, the director now owns 446,300 shares in the company, valued at approximately $3,235,675. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,796,592 shares of company stock worth $29,774,337. Corporate insiders own 77.90% of the company’s stock.
Franks International (NYSE:FI) traded up $0.26 on Tuesday, hitting $7.97. The stock had a trading volume of 888,900 shares, compared to its average volume of 945,389. The firm has a market capitalization of $1,778.17, a PE ratio of -15.04 and a beta of 1.10. Franks International has a 52 week low of $5.79 and a 52 week high of $13.00.
Franks International (NYSE:FI) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. Franks International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.14) EPS. equities analysts forecast that Franks International will post -0.45 earnings per share for the current year.
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About Franks 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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