Franks International (FI) Trading Up 5.8%

Shares of Franks International NV (NYSE:FI) were up 5.8% during mid-day trading on Thursday . The stock traded as high as $5.92 and last traded at $5.80. Approximately 1,011,275 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 876,141 shares. The stock had previously closed at $5.48.

Several analysts have recently issued reports on FI shares. Zacks Investment Research cut Franks International from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Tudor Pickering upgraded Franks International from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Wolfe Research upgraded Franks International from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. Piper Jaffray set a $5.00 price objective on Franks International and gave the company a “hold” rating in a research note on Tuesday, March 6th. Finally, ValuEngine lowered Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Franks International presently has a consensus rating of “Hold” and an average price target of $7.56.

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Franks International (NYSE:FI) last posted its earnings results on Tuesday, February 27th. The pipeline company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.15). The business had revenue of $118.32 million during the quarter, compared to analysts’ expectations of $115.92 million. Franks International had a negative net margin of 35.06% and a negative return on equity of 11.22%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned ($0.18) EPS. analysts forecast that Franks International NV will post -0.4 earnings per share for the current fiscal year.

In related news, major shareholder Michael Frank Mosing sold 200,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the transaction, the insider now owns 803,735 shares of the company’s stock, valued at $4,147,272.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 77.90% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Gagnon Securities LLC purchased a new position in shares of Franks International during the third quarter worth about $124,000. Teacher Retirement System of Texas purchased a new position in shares of Franks International during the fourth quarter worth about $126,000. Unison Advisors LLC purchased a new position in shares of Franks International during the fourth quarter worth about $147,000. Cushing Asset Management LP purchased a new position in shares of Franks International during the fourth quarter worth about $166,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Franks International by 1,125.6% during the third quarter. Cubist Systematic Strategies LLC now owns 24,512 shares of the pipeline company’s stock worth $189,000 after purchasing an additional 22,512 shares during the last quarter. 33.20% of the stock is currently owned by institutional investors.

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Franks International Company Profile

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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