Franks International NV (NYSE:FI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $7.32, but opened at $7.43. Franks International shares last traded at $7.22, with a volume of 17025 shares changing hands.
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 Wednesday, May 9th. Tudor Pickering upgraded shares of Franks International from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Zacks Investment Research upgraded shares of Franks International from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Wolfe Research upgraded shares of Franks International from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Finally, Piper Jaffray Companies set a $5.00 price target on shares of Franks International and gave the stock a “hold” rating in a report on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Franks International has a consensus rating of “Hold” and a consensus price target of $7.57.
Franks International (NYSE:FI) last issued its quarterly earnings data on Tuesday, May 8th. The pipeline company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.05). The firm had revenue of $115.60 million for the quarter, compared to analyst estimates of $117.01 million. Franks International had a negative return on equity of 13.01% and a negative net margin of 38.04%. Franks International’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.12) EPS. equities research analysts anticipate that Franks International NV will post -0.45 EPS for the current year.
In other news, SVP Alejandro Cestero sold 5,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $7.48, for a total transaction of $44,132.00. Following the sale, the senior vice president now owns 58 shares of the company’s stock, valued at approximately $433.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $7.41, for a total transaction of $1,852,500.00. Following the sale, the insider now directly owns 7,229,766 shares in the company, valued at approximately $53,572,566.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,744,863 shares of company stock worth $13,181,328 in the last ninety days. Corporate insiders own 67.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Franks International during the 4th quarter worth approximately $126,000. California Public Employees Retirement System grew its stake in shares of Franks International by 89.7% during the 1st quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock worth $152,000 after purchasing an additional 13,269 shares during the period. Cushing Asset Management LP purchased a new position in shares of Franks International during the 4th quarter valued at approximately $166,000. Trexquant Investment LP purchased a new position in shares of Franks International during the 1st quarter valued at approximately $219,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Franks International during the 1st quarter valued at approximately $230,000. 33.57% of the stock is currently 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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