Franks International NV (NYSE:FI) SVP Alejandro Cestero sold 2,440 shares of Franks International stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $5.50, for a total value of $13,420.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Franks International NV (NYSE FI) opened at $5.61 on Wednesday. Franks International NV has a 12-month low of $4.93 and a 12-month high of $10.86. The firm has a market capitalization of $1,230.88, a PE ratio of -7.79 and a beta of 1.31.
Franks International (NYSE:FI) last posted its quarterly earnings data on Tuesday, February 27th. The pipeline company reported ($0.26) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.15). Franks International had a negative return on equity of 11.22% and a negative net margin of 35.06%. The business had revenue of $118.32 million during the quarter, compared to the consensus estimate of $115.92 million. During the same period last year, the business posted ($0.18) earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. equities analysts anticipate that Franks International NV will post -0.42 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Franks International by 207.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock worth $70,224,000 after acquiring an additional 6,137,315 shares in the last quarter. BlackRock Inc. raised its position in shares of Franks International by 10.2% in the 4th quarter. BlackRock Inc. now owns 4,611,897 shares of the pipeline company’s stock worth $30,669,000 after acquiring an additional 426,376 shares in the last quarter. Eaton Vance Management bought a new position in shares of Franks International in the 4th quarter worth about $10,012,000. State Street Corp raised its position in shares of Franks International by 39.2% in the 2nd quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after acquiring an additional 399,679 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in Franks International by 2.8% in the 3rd quarter. Citadel Advisors LLC now owns 1,295,782 shares of the pipeline company’s stock valued at $10,003,000 after buying an additional 35,700 shares in the last quarter. 33.24% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Seaport Global Securities raised Franks International from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine downgraded Franks International from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Franks International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Jefferies Group set a $7.00 target price on Franks International and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, 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. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.61.
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.