ValuEngine Upgrades Franks International (NYSE:FI) to “Hold”

Franks International (NYSE:FI) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Several other analysts have also issued reports on FI. Tudor Pickering upgraded shares of Franks International from a “hold” rating to a “buy” rating and set a $5.49 price objective on the stock in a report on Tuesday, July 2nd. Zacks Investment Research lowered shares of Franks International from a “hold” rating to a “sell” rating in a report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.94.

FI stock traded down $0.03 during midday trading on Thursday, reaching $5.30. The stock had a trading volume of 530,887 shares, compared to its average volume of 494,276. The firm has a fifty day moving average price 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 stock has a market cap of $1.28 billion, a P/E ratio of -12.62 and a beta of 1.39. Franks International has a 52-week low of $4.80 and a 52-week high of $9.75.

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

In other news, Director Steven B. Mosing sold 63,679 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $6.01, for a total transaction of $382,710.79. Following the completion of the transaction, the director now directly owns 2,998,819 shares of the company’s stock, valued at $18,022,902.19. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven B. Mosing sold 170,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $5.96, for a total value of $1,013,200.00. Following the transaction, the director now directly owns 2,765,140 shares of the company’s stock, valued at $16,480,234.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 337,000 shares of company stock valued at $1,999,305. Corporate insiders own 18.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its holdings in Franks International by 4.8% in the first quarter. Nordea Investment Management AB now owns 7,381,513 shares of the pipeline company’s stock valued at $45,839,000 after purchasing an additional 340,711 shares in the last quarter. BlackRock Inc. boosted its holdings in Franks International by 0.4% in the fourth quarter. BlackRock Inc. now owns 5,380,459 shares of the pipeline company’s stock valued at $28,087,000 after purchasing an additional 22,245 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Franks International by 32.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,103,084 shares of the pipeline company’s stock valued at $16,199,000 after purchasing an additional 757,246 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Franks International by 3.0% in the first 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 purchasing an additional 42,144 shares in the last quarter. Finally, Velanne Asset Management Ltd boosted its holdings in Franks International by 1.6% in the second 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. 38.57% of the stock is owned by hedge funds and other institutional investors.

About Franks International

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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