Tudor Pickering Initiates Coverage on Franks International NV (FI)

Analysts at Tudor Pickering assumed coverage on shares of Franks International NV (NYSE:FI) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

A number of other analysts have also recently commented on FI. Goldman Sachs Group Inc cut Franks International NV from a “neutral” rating to a “sell” rating and set a $8.00 price objective for the company. in a research report on Friday, December 16th. Royal Bank of Canada cut Franks International NV from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from $11.00 to $14.00 in a research report 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 objective for the company in a research report on Tuesday, January 10th. Scotiabank set a $14.00 price objective on Franks International NV and gave the stock a “hold” rating in a research report on Friday, February 24th. Finally, Guggenheim cut Franks International NV from a “buy” rating to a “hold” rating in a research report on Wednesday, March 1st. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.04.

Analyst Recommendations for Franks International NV (NYSE:FI)

Shares of Franks International NV (NYSE:FI) opened at 10.00 on Thursday. The firm’s 50-day moving average is $11.47 and its 200-day moving average is $12.05. Franks International NV has a 52 week low of $9.20 and a 52 week high of $17.73. The stock’s market capitalization is $2.22 billion.

Franks International NV (NYSE:FI) last posted its quarterly earnings data on Thursday, February 23rd. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.05. The company had revenue of $107.98 million for the quarter, compared to analysts’ expectations of $106.92 million. Franks International NV had a negative return on equity of 1.79% and a negative net margin of 10.60%. The company’s revenue for the quarter was down 46.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. On average, equities research analysts anticipate that Franks International NV will post ($0.37) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Monday, March 6th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, March 2nd. Franks International NV’s payout ratio is -81.08%.

TRADEMARK VIOLATION WARNING: “Tudor Pickering Initiates Coverage on Franks International NV (FI)” was originally posted by Mideast Time and is owned by of Mideast Time. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.mideasttime.com/tudor-pickering-initiates-coverage-on-franks-international-nv-fi/1589006.html.

In other Franks International NV news, Director Steven B. Mosing sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $9.00, for a total value of $18,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Gregory Stanton Mosing purchased 20,000 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was acquired at an average cost of $10.06 per share, for a total transaction of $201,200.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $100,600. The disclosure for this purchase can be found here. 77.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Alpine Partners VI LLC acquired a new stake in shares of Franks International NV during the third quarter worth about $134,000. Arete Wealth Advisors LLC purchased a new position in Franks International NV during the third quarter valued at $151,000. Concert Wealth Management Inc. purchased a new position in Franks International NV during the third quarter valued at $233,000. Boston Private Wealth LLC raised its position in Franks International NV by 31.6% in the third quarter. Boston Private Wealth LLC now owns 21,226 shares of the company’s stock valued at $276,000 after buying an additional 5,100 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its position in Franks International NV by 19.0% in the third quarter. Eqis Capital Management Inc. now owns 23,345 shares of the company’s stock valued at $303,000 after buying an additional 3,724 shares in the last quarter. 20.98% of the stock is currently owned by hedge funds and other institutional investors.

About Franks International NV

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

Receive News & Ratings for Franks International NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franks International NV and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.