News stories about Franks International NV (NYSE:FI) have been trending somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a service of Accern, identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Franks International NV earned a news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media coverage about the pipeline company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Franks International NV (FI) traded up 2.14% during mid-day trading on Tuesday, hitting $8.12. The company had a trading volume of 788,200 shares. The firm’s market capitalization is $1.81 billion. Franks International NV has a 12-month low of $7.02 and a 12-month high of $16.82. The company’s 50 day moving average price is $8.55 and its 200-day moving average price is $10.95.
Franks International NV (NYSE:FI) last posted its earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.12). Franks International NV had a negative net margin of 10.60% and a negative return on equity of 1.79%. The company had revenue of $110.73 million for the quarter, compared to analyst estimates of $107.79 million. The company’s quarterly revenue was down 27.9% compared to the same quarter last year. On average, analysts forecast that Franks International NV will post ($0.40) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Friday, June 2nd will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $0.30 annualized dividend and a yield of 3.69%. Franks International NV’s dividend payout ratio (DPR) is -81.08%.
Several brokerages recently commented on FI. Jefferies Group LLC reaffirmed a “hold” rating and set a $10.50 price objective on shares of Franks International NV in a research note on Tuesday. Zacks Investment Research downgraded Franks International NV from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Barclays PLC set a $9.00 price objective on Franks International NV and gave the stock a “hold” rating in a research note on Monday, May 8th. Scotiabank set a $14.00 price objective on Franks International NV and gave the stock a “hold” rating in a research note on Friday, February 24th. Finally, Guggenheim downgraded Franks International NV from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Franks International NV has a consensus rating of “Hold” and an average price target of $12.32.
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In other Franks International NV news, Director Steven B. Mosing sold 2,000,000 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $9.00, for a total value of $18,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Keith Mosing Family Par Donald sold 450,000 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $8.43, for a total transaction of $3,793,500.00. Following the completion of the sale, the insider now owns 9,802,720 shares of the company’s stock, valued at approximately $82,636,929.60. The disclosure for this sale can be found here. In the last quarter, insiders acquired 50,000 shares of company stock valued at $494,100 and sold 2,480,000 shares valued at $22,047,000. Company insiders own 77.40% of the company’s stock.
About Franks International NV
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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