Franks International (NYSE:FI) has been given a $7.00 target price by equities research analysts at Piper Jaffray Companies in a research report issued on Thursday. The brokerage presently has a “hold” rating on the pipeline company’s stock. Piper Jaffray Companies’ target price points to a potential downside of 9.44% from the company’s previous close.

Other equities analysts have also issued reports about the company. Royal Bank of Canada reiterated a “buy” rating and issued a $11.00 target price on shares of Franks International in a research note on Thursday, August 9th. Barclays reiterated a “hold” rating and issued a $7.00 target price on shares of Franks International in a research note on Monday, August 13th. UBS Group upped their target price on Franks International from $4.50 to $7.00 and gave the company a “sell” rating in a research note on Friday, August 10th. Seaport Global Securities set a $8.00 target price on Franks International and gave the company a “hold” rating in a research note on Thursday, August 9th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $9.00 target price on shares of Franks International in a research note on Thursday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.29.

Franks International stock opened at $7.73 on Thursday. The firm has a market capitalization of $1.79 billion, a P/E ratio of -12.67 and a beta of 1.32. Franks International has a 52 week low of $4.93 and a 52 week high of $9.75.

Franks International (NYSE:FI) last released its earnings results on Tuesday, November 6th. The pipeline company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. The firm had revenue of $129.00 million during the quarter, compared to analyst estimates of $126.82 million. Franks International had a negative return on equity of 12.75% and a negative net margin of 37.17%. The business’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) earnings per share. Equities analysts predict that Franks International will post -0.45 EPS for the current fiscal year.

In other Franks International news, major shareholder William Bradford Mosing sold 227,364 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $8.36, for a total transaction of $1,900,763.04. Following the completion of the sale, the insider now owns 2,240,595 shares of the company’s stock, valued at $18,731,374.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven B. Mosing sold 210,227 shares of the business’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $8.37, for a total value of $1,759,599.99. Following the sale, the director now directly owns 3,222,578 shares of the company’s stock, valued at approximately $26,972,977.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,591,560 shares of company stock valued at $45,728,414. 67.60% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System boosted its position in shares of Franks International by 89.7% in the first quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock worth $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 in the second quarter worth about $257,000. Rhumbline Advisers boosted its position in shares of Franks International by 52.0% in the second quarter. Rhumbline Advisers now owns 70,914 shares of the pipeline company’s stock worth $553,000 after buying an additional 24,262 shares during the period. Price Capital Management Inc. purchased a new stake in shares of Franks International in the second quarter worth about $770,000. Finally, Strs Ohio purchased a new stake in shares of Franks International in the second quarter worth about $851,000. 34.11% 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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