Franks International (NYSE:FI) Trading 5.3% Higher

Shares of Franks International NV (NYSE:FI) traded up 5.3% during mid-day trading on Friday . The company traded as high as $5.17 and last traded at $5.15, 800,651 shares traded hands during mid-day trading. An increase of 25% from the average session volume of 642,620 shares. The stock had previously closed at $4.89.

Separately, Zacks Investment Research raised Franks International from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a report on Monday.

The company has a current ratio of 3.84, a quick ratio of 3.14 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $5.22. The company has a market capitalization of $1.15 billion, a PE ratio of -12.26 and a beta of 1.54.

Franks International (NYSE:FI) last issued its earnings results on Tuesday, November 5th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Franks International had a negative return on equity of 7.98% and a negative net margin of 14.18%. The company had revenue of $140.42 million during the quarter, compared to analyst estimates of $157.87 million. During the same period last year, the business earned ($0.03) earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts predict that Franks International NV will post -0.28 EPS for the current fiscal year.

In related news, Director Steven B. Mosing sold 34,584 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $4.81, for a total value of $166,349.04. Following the completion of the sale, the director now owns 1,493,941 shares of the company’s stock, valued at $7,185,856.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its position in Franks International by 1.2% in the third quarter. California State Teachers Retirement System now owns 166,135 shares of the pipeline company’s stock worth $789,000 after acquiring an additional 1,985 shares during the period. Aperio Group LLC purchased a new stake in Franks International in the second quarter valued at $25,000. Royal Bank of Canada lifted its stake in shares of Franks International by 5.9% in the 2nd quarter. Royal Bank of Canada now owns 119,625 shares of the pipeline company’s stock valued at $653,000 after purchasing an additional 6,678 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Franks International by 15.0% in the 2nd quarter. Wells Fargo & Company MN now owns 51,405 shares of the pipeline company’s stock valued at $281,000 after purchasing an additional 6,695 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Franks International by 53.5% during the 2nd quarter. Trexquant Investment LP now owns 23,186 shares of the pipeline company’s stock worth $127,000 after purchasing an additional 8,084 shares during the period. 40.09% of the stock is currently owned by hedge funds and other institutional investors.

About Franks International (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.

Further Reading: Do You Need a Fiduciary?

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.