Frank’s International (FI) Getting Somewhat Favorable Press Coverage, Accern Reports
News coverage about Frank’s International (NYSE:FI) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. 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. Frank’s International earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the pipeline company an impact score of 45.3387720288518 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities research analysts recently issued reports on the stock. Scotiabank reiterated a “hold” rating and issued a $12.00 price objective on shares of Frank’s International in a report on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating on shares of Frank’s International in a report on Sunday, October 22nd. Royal Bank Of Canada upgraded shares of Frank’s International from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $9.00 to $10.00 in a report on Friday, August 25th. Jefferies Group decreased their price objective on shares of Frank’s International from $8.00 to $7.50 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co decreased their price objective on shares of Frank’s International from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $8.00.
Frank’s International (NYSE:FI) opened at $6.05 on Thursday. Frank’s International has a 52-week low of $5.99 and a 52-week high of $13.57.
In related news, Director D. Keith Mosing sold 350,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.25, for a total value of $2,537,500.00. Following the sale, the director now owns 446,300 shares of the company’s stock, valued at $3,235,675. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William Bradford Mosing sold 427,972 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $6.54, for a total transaction of $2,798,936.88. Following the completion of the sale, the insider now directly owns 400,902 shares in the company, valued at approximately $2,621,899.08. The disclosure for this sale can be found here. Insiders have sold 4,756,252 shares of company stock valued at $32,388,661 in the last ninety days. 77.90% of the stock is owned by company insiders.
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About Frank’s 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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