Franks International NV (NYSE:FI) has been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.17.
Several analysts recently commented on the company. Zacks Investment Research lowered Franks International from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 28th. JPMorgan Chase & Co. began coverage on Franks International in a research note on Thursday, January 17th. They issued a “neutral” rating on the stock.
Shares of FI stock opened at $6.32 on Friday. The firm has a market capitalization of $1.39 billion, a P/E ratio of -15.05 and a beta of 1.62. Franks International has a one year low of $4.80 and a one year high of $9.75.
Franks International (NYSE:FI) last announced its quarterly earnings results on Monday, February 25th. The pipeline company reported ($0.06) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $145.90 million for the quarter, compared to analyst estimates of $138.67 million. Franks International had a negative return on equity of 8.77% and a negative net margin of 17.36%. Franks International’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.26) EPS. Equities analysts forecast that Franks International will post -0.23 earnings per share for the current year.
In other Franks International news, insider Darren C. Miles sold 16,091 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $6.27, for a total value of $100,890.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. 18.20% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Franks International by 138.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 3,755 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Franks International by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 1,950 shares during the last quarter. CWM Advisors LLC raised its position in shares of Franks International by 26.5% during the fourth quarter. CWM Advisors LLC now owns 16,632 shares of the pipeline company’s stock worth $87,000 after acquiring an additional 3,484 shares during the last quarter. Cipher Capital LP bought a new stake in shares of Franks International during the fourth quarter worth $94,000. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Franks International by 6.6% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 26,790 shares of the pipeline company’s stock worth $140,000 after acquiring an additional 1,650 shares during the last quarter. 40.95% of the stock is currently owned by institutional investors.
Franks International Company Profile
Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.
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