Somewhat Positive Press Coverage Somewhat Unlikely to Affect Frank’s International N.V. (FI) Stock Price
Media headlines about Frank’s International N.V. (NYSE:FI) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frank’s International N.V. earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.4433158392669 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Frank’s International N.V. (FI) Rating Reiterated by Scotiabank (americanbankingnews.com)
- Frank’s International N.V. (FI) Posts Earnings Results, Hits Expectations (americanbankingnews.com)
- Edited Transcript of FI earnings conference call or presentation 2-Nov-17 3:00pm GMT (finance.yahoo.com)
- Frank’s International N.V Announces Third Quarter 2017 Results (finance.yahoo.com)
- Frank’s International meets 3Q profit forecasts (finance.yahoo.com)
Several equities analysts have recently issued reports on FI shares. Royal Bank Of Canada restated a “buy” rating and set a $10.00 price objective on shares of Frank’s International N.V. in a report on Friday, September 1st. Seaport Global Securities restated a “neutral” rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $8.50 target price (down previously from $10.50) on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.25.
Frank’s International N.V. (NYSE:FI) traded up $0.40 during trading on Friday, reaching $7.06. The company’s stock had a trading volume of 2,218,705 shares, compared to its average volume of 1,014,957.
Frank’s International N.V. (NYSE:FI) last released its quarterly earnings data on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Frank’s International N.V. had a negative return on equity of 9.16% and a negative net margin of 26.21%. The business had revenue of $108.08 million for the quarter, compared to analyst estimates of $120.42 million. During the same quarter in the prior year, the firm posted ($0.14) EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. analysts forecast that Frank’s International N.V. will post -0.44 earnings per share for the current year.
In other news, major shareholder Wbm Partnership, Lp sold 250,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the transaction, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $7.25, for a total value of $10,875,000.00. Following the transaction, the insider now owns 11,724,888 shares in the company, valued at approximately $85,005,438. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,907,355 shares of company stock worth $33,779,088. Insiders own 77.90% of the company’s stock.
Frank’s International N.V. 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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