Franks International (NYSE:FI) had its price target boosted by UBS Group from $4.50 to $7.00 in a report issued on Friday morning, www.benzinga.com reports. UBS Group currently has a sell rating on the pipeline company’s stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada reiterated a buy rating and set a $11.00 price target on shares of Franks International in a research report on Thursday. ValuEngine upgraded Franks International from a hold rating to a buy rating in a research report on Monday, July 30th. Piper Jaffray Companies restated a hold rating and set a $6.75 price objective on shares of Franks International in a research report on Friday, July 20th. Zacks Investment Research upgraded Franks International from a sell rating to a hold rating in a research report on Wednesday, July 18th. Finally, Jefferies Financial Group restated a hold rating and set a $7.00 price objective on shares of Franks International in a research report on Friday, July 13th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and an average target price of $8.47.

FI stock opened at $8.79 on Friday. Franks International has a 12-month low of $4.93 and a 12-month high of $9.75. The company has a market cap of $1.97 billion, a PE ratio of -14.41 and a beta of 1.21.

Franks International (NYSE:FI) last posted its quarterly earnings results on Wednesday, August 8th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Franks International had a negative net margin of 36.85% and a negative return on equity of 13.50%. The company had revenue of $132.09 million during the quarter, compared to the consensus estimate of $121.91 million. During the same period last year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts anticipate that Franks International will post -0.46 earnings per share for the current year.

In other Franks International news, VP Darren C. Miles sold 9,000 shares of Franks International stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $7.30, for a total value of $65,700.00. Following the completion of the sale, the vice president now directly owns 35 shares of the company’s stock, valued at approximately $255.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Melanie Christine Mosing sold 31,248 shares of Franks International stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $7.72, for a total transaction of $241,234.56. Following the completion of the sale, the insider now directly owns 10,060,077 shares of the company’s stock, valued at $77,663,794.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,684,978 shares of company stock valued at $12,810,039 over the last 90 days. Insiders own 67.60% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System grew its stake in shares of Franks International by 89.7% during the 1st quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock valued at $152,000 after buying an additional 13,269 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in shares of Franks International during the 2nd quarter valued at $257,000. Two Sigma Advisers LP grew its stake in shares of Franks International by 30.8% during the 4th quarter. Two Sigma Advisers LP now owns 39,900 shares of the pipeline company’s stock valued at $265,000 after buying an additional 9,400 shares during the period. Trexquant Investment LP purchased a new stake in shares of Franks International during the 1st quarter valued at $219,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Franks International during the 1st quarter valued at $230,000. 34.43% of the stock is owned by hedge funds and other institutional investors.

About Franks International

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.

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Analyst Recommendations for Franks International (NYSE:FI)

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