Franks International (NYSE:FI) had its target price upped by research analysts at UBS Group from $4.50 to $7.00 in a research report issued on Friday, www.benzinga.com reports. The brokerage presently has a “sell” rating on the pipeline company’s stock. UBS Group’s target price would indicate a potential downside of 20.81% from the stock’s current price.
A number of other analysts have also commented on FI. ValuEngine raised Franks International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research lowered Franks International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 price target on shares of Franks International in a research note on Friday, July 13th. Piper Jaffray Companies reissued a “hold” rating and set a $6.75 price objective on shares of Franks International in a research report on Friday, July 20th. Finally, Seaport Global Securities set a $8.00 price objective on Franks International and gave the company a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $8.47.
FI stock traded down $0.10 on Friday, reaching $8.84. The company’s stock had a trading volume of 75,650 shares, compared to its average volume of 614,329. Franks International has a 12-month low of $4.93 and a 12-month high of $9.75. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -14.52 and a beta of 1.21.
Franks International (NYSE:FI) last announced its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). Franks International had a negative return on equity of 13.01% and a negative net margin of 38.04%. The company had revenue of $132.09 million during the quarter, compared to analyst estimates of $121.91 million. During the same quarter last year, the firm posted ($0.12) earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. research analysts predict that Franks International will post -0.47 EPS for the current year.
In other Franks International news, VP Darren C. Miles sold 9,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $7.30, for a total transaction of $65,700.00. Following the completion of the transaction, the vice president now owns 35 shares of the company’s stock, valued at $255.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Melanie Christine Mosing sold 301,714 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $7.71, for a total value of $2,326,214.94. Following the transaction, the insider now directly owns 10,060,077 shares of the company’s stock, valued at approximately $77,563,193.67. The disclosure for this sale can be found here. Insiders have sold 1,684,978 shares of company stock valued at $12,768,289 in the last three months. Insiders own 67.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its holdings in shares of Franks International by 89.7% during the first quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock valued at $152,000 after acquiring an additional 13,269 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Franks International during the first quarter valued at $219,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Franks International during the first quarter valued at $230,000. SeaBridge Investment Advisors LLC bought a new position in shares of Franks International during the second quarter valued at $257,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Franks International by 30.8% during the fourth quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock valued at $265,000 after acquiring an additional 9,400 shares in the last quarter. 33.84% of the stock is 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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