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.

Several institutional investors and hedge funds have recently modified their holdings of FI. Schwab Charles Investment Management Inc. increased its stake in shares of Franks International by 52.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,309 shares of the pipeline company’s stock valued at $2,076,000 after purchasing an additional 86,246 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Franks International by 53.0% in the 2nd quarter. Rhumbline Advisers now owns 57,961 shares of the pipeline company’s stock valued at $480,000 after purchasing an additional 20,084 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Franks International by 48.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,240 shares of the pipeline company’s stock valued at $2,382,000 after purchasing an additional 93,612 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Franks International by 567.8% in the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 12,163 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Franks International by 437.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 272,012 shares of the pipeline company’s stock valued at $2,255,000 after purchasing an additional 221,442 shares during the last quarter. Institutional investors own 31.48% 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.

Analyst Recommendations for Franks International (NYSE:FI)

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