Shares of Franks International NV (NYSE:FI) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $8.17.

FI has been the subject of several recent research reports. Zacks Investment Research cut Franks International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. JPMorgan Chase & Co. initiated coverage on Franks International in a research report on Thursday, January 17th. They set a “neutral” rating for the company.

In other news, insider Darren C. Miles sold 16,091 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $6.27, for a total transaction of $100,890.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of FI. Nordea Investment Management AB acquired a new position in Franks International during the third quarter valued at approximately $65,378,000. Bank of New York Mellon Corp boosted its position in Franks International by 657.2% during the second quarter. Bank of New York Mellon Corp now owns 2,095,107 shares of the pipeline company’s stock valued at $16,342,000 after purchasing an additional 1,818,428 shares during the last quarter. Velanne Asset Management Ltd acquired a new position in Franks International during the fourth quarter valued at approximately $6,299,000. Northern Trust Corp boosted its position in Franks International by 24.1% during the fourth quarter. Northern Trust Corp now owns 5,074,085 shares of the pipeline company’s stock valued at $26,487,000 after purchasing an additional 986,192 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Franks International during the third quarter valued at approximately $8,095,000. 40.95% of the stock is owned by institutional investors.

NYSE:FI opened at $6.32 on Friday. Franks International has a 1 year low of $4.80 and a 1 year high of $9.75. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -15.05 and a beta of 1.62.

Franks International (NYSE:FI) last posted its earnings results on Monday, February 25th. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $145.90 million during the quarter, compared to analysts’ expectations of $138.67 million. Franks International had a negative return on equity of 8.77% and a negative net margin of 17.36%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.26) earnings per share. Equities research analysts predict that Franks International will post -0.23 EPS for the current year.

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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Analyst Recommendations for Franks International (NYSE:FI)

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