Franks International NV (FI) Given Consensus Rating of “Hold” by Analysts

Shares of Franks International NV (NYSE:FI) have been assigned an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.29.

A number of brokerages have commented on FI. Jefferies Financial Group reiterated a “hold” rating and set a $9.00 price target on shares of Franks International in a research report on Thursday, August 9th. Royal Bank of Canada reissued a “buy” rating and set a $11.00 price objective on shares of Franks International in a research note on Thursday, August 9th. Seaport Global Securities set a $8.00 price objective on Franks International and gave the company a “hold” rating in a research note on Thursday, August 9th. UBS Group increased their price objective on Franks International from $4.50 to $7.00 and gave the company a “sell” rating in a research note on Friday, August 10th. Finally, Tudor Pickering lowered Franks International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th.

In other news, Director Steven B. Mosing sold 210,227 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $8.37, for a total transaction of $1,759,599.99. Following the completion of the sale, the director now owns 3,222,578 shares of the company’s stock, valued at $26,972,977.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder William Bradford Mosing sold 227,364 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $8.36, for a total value of $1,900,763.04. Following the completion of the sale, the insider now directly owns 2,240,595 shares of the company’s stock, valued at approximately $18,731,374.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,208,954 shares of company stock valued at $10,029,966. Insiders own 67.60% of the company’s stock.



Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. lifted its stake in Franks International by 88.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 421,557 shares of the pipeline company’s stock worth $3,289,000 after acquiring an additional 198,409 shares during the period. Swiss National Bank lifted its stake in Franks International by 40.4% in the second quarter. Swiss National Bank now owns 136,200 shares of the pipeline company’s stock worth $1,062,000 after acquiring an additional 39,200 shares during the period. California Public Employees Retirement System lifted its stake in Franks International by 71.1% in the second quarter. California Public Employees Retirement System now owns 48,020 shares of the pipeline company’s stock worth $375,000 after acquiring an additional 19,951 shares during the period. Northern Trust Corp lifted its stake in Franks International by 36.0% in the second quarter. Northern Trust Corp now owns 857,115 shares of the pipeline company’s stock worth $6,686,000 after acquiring an additional 226,669 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Franks International by 657.2% in the second quarter. Bank of New York Mellon Corp now owns 2,095,107 shares of the pipeline company’s stock worth $16,342,000 after acquiring an additional 1,818,428 shares during the period. 40.78% of the stock is owned by institutional investors.

Shares of NYSE FI opened at $6.50 on Friday. Franks International has a one year low of $4.93 and a one year high of $9.75. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -10.66 and a beta of 1.42.

Franks International (NYSE:FI) last issued its quarterly earnings results on Tuesday, November 6th. The pipeline company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Franks International had a negative net margin of 37.17% and a negative return on equity of 12.75%. The business had revenue of $129.00 million for the quarter, compared to analysts’ expectations of $126.82 million. During the same period last year, the business earned ($0.11) earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts predict that Franks International will post -0.42 EPS 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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