Franks International NV (NYSE:FI) Given Average Recommendation of “Hold” by Analysts

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Franks International NV (NYSE:FI) has received an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.78.

A number of equities analysts have recently weighed in on the stock. Tudor Pickering raised shares of Franks International from a “hold” rating to a “buy” rating and set a $5.49 price objective for the company in a research report on Tuesday, July 2nd. ValuEngine lowered shares of Franks International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

In other news, Director Steven B. Mosing sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $5.96, for a total value of $1,013,200.00. Following the completion of the transaction, the director now owns 2,765,140 shares of the company’s stock, valued at $16,480,234.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven B. Mosing sold 63,679 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $6.01, for a total transaction of $382,710.79. Following the completion of the transaction, the director now directly owns 2,998,819 shares of the company’s stock, valued at approximately $18,022,902.19. The disclosure for this sale can be found here. In the last three months, insiders sold 337,000 shares of company stock valued at $1,999,305. Company insiders own 18.20% of the company’s stock.

Several large investors have recently bought and sold shares of FI. PNC Financial Services Group Inc. grew its holdings in Franks International by 41.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 1,950 shares during the period. SG Americas Securities LLC purchased a new stake in Franks International in the first quarter valued at approximately $79,000. CWM Advisors LLC grew its holdings in Franks International by 26.5% in the fourth quarter. CWM Advisors LLC now owns 16,632 shares of the pipeline company’s stock valued at $87,000 after purchasing an additional 3,484 shares during the period. Cipher Capital LP purchased a new stake in Franks International in the fourth quarter valued at approximately $94,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Franks International by 317.0% in the first quarter. BNP Paribas Arbitrage SA now owns 16,352 shares of the pipeline company’s stock valued at $102,000 after purchasing an additional 12,431 shares during the period. 38.42% of the stock is owned by institutional investors and hedge funds.

FI traded down $0.04 during midday trading on Tuesday, reaching $5.71. 551,515 shares of the company’s stock were exchanged, compared to its average volume of 1,188,854. The company has a quick ratio of 3.30, a current ratio of 3.95 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.29 billion, a PE ratio of -13.60 and a beta of 1.39. The company’s 50-day moving average price is $5.82. Franks International has a 1-year low of $4.80 and a 1-year high of $9.75.

Franks International (NYSE:FI) last announced its earnings results on Tuesday, May 7th. The pipeline company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The business had revenue of $144.40 million for the quarter, compared to analyst estimates of $136.88 million. Franks International had a negative return on equity of 7.65% and a negative net margin of 13.96%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. Equities analysts predict that Franks International will post -0.23 earnings per share for the current fiscal year.

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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Analyst Recommendations for Franks International (NYSE:FI)

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