Franks International NV (FI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Franks International NV (NYSE:FI) have earned an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $8.17.

FI has been the topic of a number of analyst reports. Zacks Investment Research lowered Franks International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. JPMorgan Chase & Co. initiated coverage on Franks International in a research note on Thursday, January 17th. They set a “neutral” rating on the stock.

Franks International stock traded down $0.09 during trading hours on Thursday, hitting $6.29. The stock had a trading volume of 721,300 shares, compared to its average volume of 568,732. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -14.98 and a beta of 1.62. Franks International has a 1-year low of $4.80 and a 1-year high of $9.75.

Franks International (NYSE:FI) last posted its quarterly earnings data on Monday, February 25th. The pipeline company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $145.90 million for the quarter, compared to analyst estimates of $138.67 million. Franks International had a negative return on equity of 8.77% and a negative net margin of 17.36%. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.26) earnings per share. On average, equities research analysts anticipate that Franks International will post -0.23 earnings per share for the current fiscal year.

In related news, insider Darren C. Miles sold 16,091 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $6.27, for a total transaction of $100,890.57. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in Franks International in the 3rd quarter worth about $1,963,000. Virtu Financial LLC purchased a new position in shares of Franks International in the 3rd quarter worth about $170,000. Strs Ohio raised its holdings in shares of Franks International by 17.2% in the 4th quarter. Strs Ohio now owns 108,400 shares of the pipeline company’s stock worth $565,000 after purchasing an additional 15,900 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Franks International in the 3rd quarter worth about $244,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Franks International by 31.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,743,681 shares of the pipeline company’s stock worth $23,816,000 after purchasing an additional 648,574 shares during the period. 41.18% of the stock is currently owned by institutional investors and hedge funds.

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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