Shares of Franks International NV (NYSE:FI) traded down 6.1% during mid-day trading on Thursday . The company traded as low as $5.54 and last traded at $5.67. 42,623 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 582,540 shares. The stock had previously closed at $6.04.

Separately, Zacks Investment Research lowered shares of Franks International from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.29.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.30 and a current ratio of 3.95. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -13.48 and a beta of 1.58.

Franks International (NYSE:FI) last issued its earnings results on Tuesday, May 7th. The pipeline company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.06). Franks International had a negative return on equity of 7.65% and a negative net margin of 13.96%. The company had revenue of $144.40 million for the quarter, compared to the consensus estimate of $136.88 million. During the same quarter in the prior year, the company posted ($0.18) EPS. Franks International’s revenue was up 24.9% compared to the same quarter last year. As a group, equities analysts forecast that Franks International NV will post -0.22 earnings per share for the current fiscal year.

In related news, insider Darren C. Miles sold 16,091 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $6.27, for a total transaction of $100,890.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC lifted its position in Franks International by 6.6% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 26,790 shares of the pipeline company’s stock valued at $140,000 after purchasing an additional 1,650 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Franks International by 41.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,640 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 1,950 shares during the last quarter. CWM Advisors LLC lifted its position in Franks International by 26.5% during the fourth quarter. CWM Advisors LLC now owns 16,632 shares of the pipeline company’s stock valued at $87,000 after purchasing an additional 3,484 shares during the last quarter. Bank of America Corp DE lifted its position in Franks International by 9.8% during the fourth quarter. Bank of America Corp DE now owns 41,425 shares of the pipeline company’s stock valued at $216,000 after purchasing an additional 3,695 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Franks International by 138.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,466 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 3,755 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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Franks International Company Profile (NYSE:FI)

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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