News coverage about Franks International (NYSE:FI) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Franks International earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the pipeline company an impact score of 45.9789547838959 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
FI has been the topic of several research reports. Zacks Investment Research cut Franks International from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Royal Bank of Canada set a $10.00 target price on Franks International and gave the company a “buy” rating in a research report on Sunday, October 8th. Deutsche Bank began coverage on Franks International in a research report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 price objective for the company. JPMorgan Chase & Co. cut Franks International from a “neutral” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Wednesday, September 27th. Finally, Jefferies Group set a $9.00 price objective on Franks International and gave the stock a “hold” rating in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.61.
Shares of Franks International (NYSE FI) traded up $0.26 during mid-day trading on Friday, reaching $7.97. The company had a trading volume of 888,950 shares, compared to its average volume of 926,518. The stock has a market cap of $1,720.16, a price-to-earnings ratio of -15.04 and a beta of 1.10. Franks International has a one year low of $5.79 and a one year high of $13.00.
Franks International (NYSE:FI) last announced its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.11). Franks International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm had revenue of $108.08 million during the quarter, compared to analyst estimates of $120.42 million. During the same quarter in the previous year, the business earned ($0.14) EPS. Franks International’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities research analysts forecast that Franks International will post -0.45 EPS for the current year.
In other Franks International news, Director D. Keith Mosing sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $7.25, for a total value of $2,537,500.00. Following the sale, the director now owns 446,300 shares of the company’s stock, valued at $3,235,675. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Michael Frank Mosing sold 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.62, for a total value of $4,496,000.00. Following the completion of the sale, the insider now directly owns 803,735 shares in the company, valued at approximately $4,516,990.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,796,592 shares of company stock worth $29,774,337. 77.90% of the stock is currently owned by insiders.
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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.
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