Franks International NV (FI) Director Sells $1,026,404.73 in Stock
Franks International NV (NYSE:FI) Director Steven B. Mosing sold 122,629 shares of the stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $8.37, for a total value of $1,026,404.73. Following the completion of the sale, the director now directly owns 3,222,578 shares of the company’s stock, valued at approximately $26,972,977.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE FI opened at $8.65 on Wednesday. Franks International NV has a one year low of $4.93 and a one year high of $9.75. The company has a market cap of $1.85 billion, a P/E ratio of -14.18 and a beta of 1.23.
Franks International (NYSE:FI) last announced its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $132.09 million for the quarter, compared to analyst estimates of $121.91 million. Franks International had a negative return on equity of 13.50% and a negative net margin of 36.85%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. analysts forecast that Franks International NV will post -0.47 EPS for the current fiscal year.
Several brokerages have recently weighed in on FI. Tudor Pickering cut Franks International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Barclays reissued a “hold” rating and issued a $7.00 price target on shares of Franks International in a research note on Monday, August 13th. UBS Group increased their price target on Franks International from $4.50 to $7.00 and gave the company a “sell” rating in a research note on Friday, August 10th. Royal Bank of Canada reissued a “buy” rating and issued a $11.00 price target on shares of Franks International in a research note on Thursday, August 9th. Finally, Seaport Global Securities set a $8.00 price target on Franks International and gave the company a “hold” rating in a research note on Thursday, August 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Franks International presently has an average rating of “Hold” and an average target price of $8.31.
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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