Franks International (NYSE:FI) Lifted to “Hold” at Zacks Investment Research

Franks International (NYSE:FI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, March 12th.

According to Zacks, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands. “

A number of other research firms have also recently commented on FI. Seaport Global Securities raised Franks International from a “sell” rating to a “hold” rating in a report on Monday, March 5th. Jefferies Group set a $7.00 price target on Franks International and gave the stock a “hold” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $7.00 target price on Franks International and gave the stock a “buy” rating in a report on Thursday, December 21st. ValuEngine cut Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Piper Jaffray set a $5.00 price target on Franks International and gave the company a “hold” rating in a research note on Tuesday, March 6th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $7.56.

Shares of NYSE:FI traded down $0.29 during trading on Monday, hitting $5.51. 893,207 shares of the company were exchanged, compared to its average volume of 876,399. The firm has a market capitalization of $1,224.18, a price-to-earnings ratio of -9.03 and a beta of 1.22. Franks International has a fifty-two week low of $4.93 and a fifty-two week high of $10.37.

Franks International (NYSE:FI) last issued its earnings results on Tuesday, February 27th. The pipeline company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.15). The business had revenue of $118.32 million for the quarter, compared to the consensus estimate of $115.92 million. Franks International had a negative return on equity of 11.22% and a negative net margin of 35.06%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. equities research analysts forecast that Franks International will post -0.4 EPS for the current year.

In other Franks International news, major shareholder Michael Frank Mosing sold 200,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $5.16, for a total value of $1,032,000.00. Following the completion of the sale, the insider now directly owns 803,735 shares of the company’s stock, valued at $4,147,272.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 77.90% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its stake in Franks International by 1.9% during the second quarter. Nationwide Fund Advisors now owns 31,391 shares of the pipeline company’s stock worth $260,000 after purchasing an additional 599 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Franks International by 30.8% during the fourth quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock worth $265,000 after purchasing an additional 9,400 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Franks International by 88.4% in the second quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock worth $180,000 after buying an additional 10,192 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Franks International by 20.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 61,875 shares of the pipeline company’s stock worth $411,000 after buying an additional 10,500 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Franks International by 38.8% in the fourth quarter. MML Investors Services LLC now owns 48,464 shares of the pipeline company’s stock worth $322,000 after buying an additional 13,539 shares during the period. 33.20% of the stock is owned by institutional investors.

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About Franks International

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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