Franks International NV (FI) Given Consensus Recommendation of “Hold” by Brokerages

Franks International NV (NYSE:FI) has been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.89.

Several equities analysts have weighed in on FI shares. Guggenheim cut Franks International NV from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Royal Bank of Canada lowered Franks International NV from a “sector perform” rating to an “underperform” rating and lifted their price target for the company from $11.00 to $14.00 in a research note on Friday, December 16th. Zacks Investment Research upgraded Franks International NV from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, March 1st. Scotiabank set a $14.00 price target on Franks International NV and gave the company a “hold” rating in a research note on Friday, February 24th. Finally, Goldman Sachs Group Inc lowered Franks International NV from a “neutral” rating to a “sell” rating and set a $8.00 price target on the stock. in a research note on Friday, December 16th.

Shares of Franks International NV (NYSE:FI) traded down 1.37% during mid-day trading on Monday, reaching $10.07. The company’s stock had a trading volume of 284,478 shares. The firm’s market cap is $2.24 billion. Franks International NV has a 52-week low of $9.92 and a 52-week high of $17.73. The firm has a 50 day moving average price of $11.79 and a 200 day moving average price of $12.11.

Franks International NV (NYSE:FI) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. The company earned $107.98 million during the quarter, compared to analyst estimates of $106.92 million. Franks International NV had a negative net margin of 10.60% and a negative return on equity of 1.79%. Franks International NV’s revenue was down 46.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts predict that Franks International NV will post ($0.37) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Monday, March 6th were given a $0.075 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.94%. Franks International NV’s dividend payout ratio (DPR) is presently -81.08%.

In other news, major shareholder Keith Mosing Family Par Donald sold 248,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $12.16, for a total value of $3,015,680.00. Following the transaction, the insider now directly owns 10,252,720 shares of the company’s stock, valued at approximately $124,673,075.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 77.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kelman Lazarov Inc. purchased a new position in Franks International NV during the third quarter worth $110,000. Alpine Partners VI LLC purchased a new position in Franks International NV during the third quarter worth $134,000. Arete Wealth Advisors LLC purchased a new position in Franks International NV during the third quarter worth $151,000. Royal Bank of Canada increased its position in Franks International NV by 152.1% in the second quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $181,000 after buying an additional 7,474 shares during the period. Finally, Concert Wealth Management Inc. purchased a new position in Franks International NV during the third quarter worth $233,000. 20.98% of the stock is currently owned by institutional investors.

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Franks International NV Company Profile

Franks International NV is a provider of engineered tubular services to the oil and gas industry based in the Netherlands. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on wells.

5 Day Chart for NYSE:FI

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