Frank’s International NV (FI) Sees Unusually-High Trading Volume
Frank’s International NV (NYSE:FI) saw strong trading volume on Wednesday . 1,992,688 shares changed hands during trading, an increase of 102% from the previous session’s volume of 986,137 shares.The stock last traded at $11.49 and had previously closed at $11.70.
Several analysts recently issued reports on the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Frank’s International NV in a report on Thursday, June 2nd. TheStreet upgraded Frank’s International NV from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Capital One Financial Corp. lowered Frank’s International NV from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 28th. KLR Group reiterated a “buy” rating and set a $22.00 price objective on shares of Frank’s International NV in a report on Wednesday, June 15th. Finally, Barclays PLC cut their price objective on Frank’s International NV from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.20.
The company has a 50-day moving average price of $12.96 and a 200-day moving average price of $14.82. The firm’s market cap is $1.79 billion.
Frank’s International NV (NYSE:FI) last issued its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.13. The firm had revenue of $121 million for the quarter, compared to the consensus estimate of $142.41 million. The business’s revenue for the quarter was down 52.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Equities research analysts predict that Frank’s International NV will post ($0.38) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Wednesday, August 31st will be issued a $0.075 dividend. The ex-dividend date is Monday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.61%.
In other news, major shareholder Donald E. Mosing bought 41,000 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were bought at an average cost of $12.15 per share, with a total value of $498,150.00. Following the acquisition, the insider now owns 91,000 shares in the company, valued at $1,105,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Frank’s International NV stock. Morgan Stanley boosted its position in shares of Frank’s International NV (NYSE:FI) by 26.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 729,717 shares of the company’s stock after buying an additional 154,393 shares during the period. Morgan Stanley owned approximately 0.47% of Frank’s International NV worth $12,179,000 as of its most recent filing with the SEC.
Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.