Franks International NV (FI) Receives Consensus Rating of “Hold” from Analysts

Shares of Franks International NV (NYSE:FI) have been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.81.

Several research analysts have commented on FI shares. Royal Bank of Canada set a $7.00 target price on Franks International and gave the stock a “buy” rating in a report on Thursday, December 21st. Credit Suisse Group downgraded Franks International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. Deutsche Bank started coverage on Franks International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $7.00 price objective on the stock. Jefferies Group set a $7.00 price objective on Franks International and gave the company a “hold” rating in a research note on Thursday, January 4th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Franks International in a research note on Sunday, October 22nd.

In related news, major shareholder Frank Mosing Family L. Michael sold 45,000 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $7.28, for a total value of $327,600.00. Following the completion of the sale, the insider now directly owns 9,273,667 shares of the company’s stock, valued at approximately $67,512,295.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director D. Keith Mosing sold 350,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.25, for a total value of $2,537,500.00. Following the completion of the sale, the director now directly owns 446,300 shares of the company’s stock, valued at $3,235,675. The disclosure for this sale can be found here. Insiders sold a total of 4,796,592 shares of company stock valued at $29,774,337 over the last ninety days. 77.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of FI. Schwab Charles Investment Management Inc. increased its position in Franks International by 52.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 250,309 shares of the pipeline company’s stock valued at $2,076,000 after buying an additional 86,246 shares in the last quarter. Rhumbline Advisers increased its position in Franks International by 53.0% in the 2nd quarter. Rhumbline Advisers now owns 57,961 shares of the pipeline company’s stock valued at $480,000 after buying an additional 20,084 shares in the last quarter. Bank of New York Mellon Corp increased its position in Franks International by 48.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 287,240 shares of the pipeline company’s stock valued at $2,382,000 after buying an additional 93,612 shares in the last quarter. Legal & General Group Plc increased its position in Franks International by 567.8% in the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Franks International by 437.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 272,012 shares of the pipeline company’s stock valued at $2,255,000 after buying an additional 221,442 shares in the last quarter. 31.48% of the stock is owned by institutional investors and hedge funds.

Shares of Franks International (NYSE:FI) traded up $0.26 on Tuesday, reaching $7.97. The company’s stock had a trading volume of 888,900 shares, compared to its average volume of 945,389. The firm has a market cap of $1,778.17, a P/E ratio of -15.04 and a beta of 1.10. Franks International has a 52-week low of $5.79 and a 52-week high of $13.00.

Franks International (NYSE:FI) last announced its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. Franks International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.14) EPS. equities analysts predict that Franks International will post -0.45 earnings per share for the current fiscal year.

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About Franks International

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Analyst Recommendations for Franks International (NYSE:FI)

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