Franks International NV (NYSE:FI) traded up 0.2% on Thursday . The company traded as high as $6.16 and last traded at $6.09. 527,222 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 853,251 shares. The stock had previously closed at $6.10.

A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Franks International from an “underperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Tudor Pickering upgraded shares of Franks International from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. ValuEngine lowered shares of Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Piper Jaffray Companies set a $5.00 target price on shares of Franks International and gave the stock a “hold” rating in a report on Tuesday, March 6th. Finally, Zacks Investment Research upgraded shares of Franks International from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Franks International presently has an average rating of “Hold” and an average target price of $7.56.

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Franks International (NYSE:FI) last posted its quarterly earnings data on Tuesday, February 27th. The pipeline company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.15). The firm had revenue of $118.32 million during the quarter, compared to analysts’ expectations of $115.92 million. Franks International had a negative net margin of 35.06% and a negative return on equity of 11.22%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. research analysts anticipate that Franks International NV will post -0.4 earnings per share for the current year.

In other news, major shareholder Melanie Christine Mosing sold 300,610 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $6.51, for a total transaction of $1,956,971.10. Following the completion of the sale, the insider now owns 10,591,325 shares in the company, valued at approximately $68,949,525.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Michael Frank Mosing sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $5.16, for a total transaction of $1,032,000.00. Following the sale, the insider now owns 803,735 shares of the company’s stock, valued at approximately $4,147,272.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,050 shares of company stock valued at $3,002,391. 77.90% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP increased its stake in shares of Franks International by 30.8% during the 4th quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock worth $265,000 after purchasing an additional 9,400 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Franks International by 88.4% during the 2nd quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock worth $180,000 after purchasing an additional 10,192 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Franks International by 20.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 61,875 shares of the pipeline company’s stock worth $411,000 after purchasing an additional 10,500 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Franks International by 38.8% during the 4th quarter. MML Investors Services LLC now owns 48,464 shares of the pipeline company’s stock worth $322,000 after purchasing an additional 13,539 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Franks International by 21.6% during the 4th quarter. Alliancebernstein L.P. now owns 76,700 shares of the pipeline company’s stock worth $510,000 after purchasing an additional 13,600 shares during the last quarter. Institutional investors own 33.20% of the company’s stock.

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Franks International Company Profile

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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