Somewhat Positive News Coverage Somewhat Unlikely to Affect Franks International (FI) Stock Price
Media stories about Franks International (NYSE:FI) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Franks International earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 45.8089258124248 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Franks International (FI) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- abode Debuts All-in-One Security + Camera Device with Voice Control and Comprehensive Smart Home Support (einpresswire.com)
- FY2019 EPS Estimates for Franks International NV (FI) Decreased by Jefferies Group (americanbankingnews.com)
- Challenges with data security regulatory compliance in financial services (itproportal.com)
- Frank’s International (FI) vs. Superior Energy Services (SPN) Head-To-Head Comparison (americanbankingnews.com)
A number of brokerages recently issued reports on FI. JPMorgan Chase & Co. cut shares of Franks International from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a research report on Wednesday, September 27th. Jefferies Group set a $9.00 price target on shares of Franks International and gave the company a “hold” rating in a research report on Thursday, October 5th. Zacks Investment Research cut shares of Franks International from a “hold” rating to a “sell” rating in a research report on Monday. Deutsche Bank initiated coverage on shares of Franks International in a report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 target price for the company. Finally, Royal Bank of Canada set a $10.00 target price on shares of Franks International and gave the stock a “buy” rating in a report on Sunday, October 8th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.61.
Franks International (NYSE:FI) last issued its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. Franks International had a negative net margin of 26.21% and a negative return on equity of 9.25%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share. analysts predict that Franks International will post -0.45 EPS for the current fiscal year.
In other news, Director D. Keith Mosing sold 350,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $7.25, for a total transaction of $2,537,500.00. Following the completion of the transaction, the director now directly owns 446,300 shares of the company’s stock, valued at $3,235,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Michael Frank Mosing sold 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $5.62, for a total transaction of $4,496,000.00. Following the transaction, the insider now directly owns 803,735 shares of the company’s stock, valued at $4,516,990.70. The disclosure for this sale can be found here. Insiders sold 4,796,592 shares of company stock valued at $29,774,337 over the last ninety days. Corporate insiders own 77.90% 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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