Franks International (NYSE:FI) Shares Down 6.5%

Franks International NV (NYSE:FI)’s stock price traded down 6.5% on Thursday . The stock traded as low as $5.33 and last traded at $5.33, 745,235 shares traded hands during mid-day trading. An increase of 12% from the average session volume of 668,019 shares. The stock had previously closed at $5.70.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Franks International from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Franks International from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Finally, Tudor Pickering upgraded shares of Franks International from a “hold” rating to a “buy” rating and set a $5.49 price target on the stock in a report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.94.

The stock has a fifty day moving average of $5.68. The company has a current ratio of 3.95, a quick ratio of 3.30 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.28 billion, a P/E ratio of -12.62 and a beta of 1.39.

Franks International (NYSE:FI) last issued its quarterly earnings data on Tuesday, May 7th. The pipeline company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The firm had revenue of $144.40 million for the quarter, compared to analyst estimates of $136.88 million. Franks International had a negative return on equity of 7.65% and a negative net margin of 13.96%. Franks International’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. Analysts expect that Franks International NV will post -0.24 EPS for the current fiscal year.

In other news, Director Steven B. Mosing sold 63,679 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $6.01, for a total transaction of $382,710.79. Following the sale, the director now owns 2,998,819 shares of the company’s stock, valued at approximately $18,022,902.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven B. Mosing sold 170,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $5.96, for a total transaction of $1,013,200.00. Following the sale, the director now directly owns 2,765,140 shares in the company, valued at approximately $16,480,234.40. The disclosure for this sale can be found here. Insiders have sold a total of 337,000 shares of company stock worth $1,999,305 in the last ninety days. Corporate insiders own 18.20% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Franks International by 4.8% during the 1st quarter. Nordea Investment Management AB now owns 7,381,513 shares of the pipeline company’s stock valued at $45,839,000 after buying an additional 340,711 shares in the last quarter. BlackRock Inc. lifted its position in shares of Franks International by 0.4% during the 4th quarter. BlackRock Inc. now owns 5,380,459 shares of the pipeline company’s stock valued at $28,087,000 after buying an additional 22,245 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Franks International by 32.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,103,084 shares of the pipeline company’s stock valued at $16,199,000 after buying an additional 757,246 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Franks International by 3.0% during the 1st quarter. Wedge Capital Management L L P NC now owns 1,440,350 shares of the pipeline company’s stock valued at $8,945,000 after buying an additional 42,144 shares in the last quarter. Finally, Velanne Asset Management Ltd lifted its holdings in Franks International by 1.6% in the 2nd quarter. Velanne Asset Management Ltd now owns 1,276,632 shares of the pipeline company’s stock valued at $6,970,000 after purchasing an additional 20,405 shares in the last quarter. Hedge funds and other institutional investors own 38.57% of the company’s stock.

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.

Recommended Story: How is diluted EPS different from basic EPS?

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.