Franks International (NYSE:FI) Trading 6% Higher

Franks International NV (NYSE:FI)’s stock price traded up 6% during mid-day trading on Friday . The company traded as high as $4.40 and last traded at $4.39, 1,144,797 shares changed hands during mid-day trading. An increase of 70% from the average session volume of 675,256 shares. The stock had previously closed at $4.14.

A number of research analysts recently issued reports on the company. Tudor Pickering upgraded Franks International from a “hold” rating to a “buy” rating and set a $5.49 target price for the company in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Franks International from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Finally, ValuEngine upgraded Franks International from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.16.

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.00 and a quick ratio of 3.36. The company has a market capitalization of $932.91 million, a price-to-earnings ratio of -10.45 and a beta of 1.39. The stock has a 50 day simple moving average of $5.40 and a two-hundred day simple moving average of $5.93.



Franks International (NYSE:FI) last posted its quarterly earnings results on Tuesday, August 6th. The pipeline company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.01). Franks International had a negative net margin of 11.54% and a negative return on equity of 6.64%. The business had revenue of $155.65 million during the quarter, compared to analyst estimates of $147.60 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. Equities research analysts predict that Franks International NV will post -0.28 EPS for the current year.

In other Franks International news, Director Steven B. Mosing sold 170,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $5.96, for a total value of $1,013,200.00. Following the sale, the director now directly owns 2,765,140 shares in the company, valued at $16,480,234.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven B. Mosing sold 63,679 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $6.01, for a total value of $382,710.79. Following the completion of the sale, the director now owns 2,998,819 shares in the company, valued at $18,022,902.19. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 337,000 shares of company stock worth $1,999,305. 18.20% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of Franks International by 16.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 15,508,859 shares of the pipeline company’s stock worth $84,678,000 after purchasing an additional 2,180,324 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Franks International by 4.8% during the first quarter. Nordea Investment Management AB now owns 7,381,513 shares of the pipeline company’s stock worth $45,839,000 after purchasing an additional 340,711 shares in the last quarter. BlackRock Inc. increased its position in shares of Franks International by 30.5% during the second quarter. BlackRock Inc. now owns 6,852,570 shares of the pipeline company’s stock worth $37,415,000 after purchasing an additional 1,601,376 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Franks International by 32.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,103,084 shares of the pipeline company’s stock worth $16,199,000 after purchasing an additional 757,246 shares in the last quarter. Finally, Investment Counselors of Maryland LLC acquired a new stake in shares of Franks International during the second quarter worth about $16,332,000. Institutional investors own 39.34% of the company’s stock.

Franks International Company Profile (NYSE:FI)

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.

Featured Article: Growth and Income Funds

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.