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.
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.
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.
COPYRIGHT VIOLATION NOTICE: This report was posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3337916/franks-international-fi-trading-up-5-8.html.
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.
Receive News & Ratings for Franks International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franks International and related companies with MarketBeat.com's FREE daily email newsletter.