Shares of Frank’s International (NYSE:FI) were down 5.2% during trading on Friday . The stock traded as low as $2.15 and last traded at $2.18. Approximately 603,929 shares traded hands during trading, a decline of 28% from the average daily volume of 833,316 shares. The stock had previously closed at $2.30.

Separately, Zacks Investment Research cut Frank’s International from a “hold” rating to a “sell” rating in a research report on Monday, November 16th.

The firm has a market cap of $493.38 million, a P/E ratio of -1.56 and a beta of 1.30. The company has a fifty day moving average price of $1.81 and a two-hundred day moving average price of $2.13.

Frank’s International (NYSE:FI) last posted its earnings results on Tuesday, November 3rd. The pipeline company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Frank’s International had a negative return on equity of 10.38% and a negative net margin of 72.93%. The business had revenue of $84.70 million for the quarter, compared to analyst estimates of $85.37 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. The firm’s revenue was down 39.6% compared to the same quarter last year. Research analysts anticipate that Frank’s International will post -0.29 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of FI. Arizona State Retirement System increased its position in Frank’s International by 20.3% in the second quarter. Arizona State Retirement System now owns 25,466 shares of the pipeline company’s stock worth $57,000 after buying an additional 4,290 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Frank’s International by 49.6% during the second quarter. Ameritas Investment Partners Inc. now owns 13,689 shares of the pipeline company’s stock worth $31,000 after buying an additional 4,541 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Frank’s International by 17.2% during the second quarter. Two Sigma Advisers LP now owns 35,400 shares of the pipeline company’s stock worth $79,000 after purchasing an additional 5,200 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Frank’s International by 11.5% during the first quarter. Wells Fargo & Company MN now owns 76,737 shares of the pipeline company’s stock worth $199,000 after purchasing an additional 7,934 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Frank’s International by 2.5% during the third quarter. California Public Employees Retirement System now owns 351,539 shares of the pipeline company’s stock worth $541,000 after purchasing an additional 8,700 shares during the last quarter. Hedge funds and other institutional investors own 47.26% of the company’s stock.

Frank’s International Company Profile (NYSE:FI)

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. It operates through three segments: Tubular Running Services, Tubulars, and Cementing Equipment.

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