Franks International (NYSE:FI) Shares Up 5.3%

Franks International NV (NYSE:FI) shares rose 5.3% on Friday . The stock traded as high as $5.17 and last traded at $5.15, 800,651 shares were traded during trading. An increase of 25% from the average daily volume of 642,620 shares. The stock had previously closed at $4.89.

Separately, Zacks Investment Research raised shares of Franks International from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Monday, December 2nd.

The company has a quick ratio of 3.14, a current ratio of 3.84 and a debt-to-equity ratio of 0.03. The company’s 50 day simple moving average is $5.15 and its 200-day simple moving average is $5.22.

Franks International (NYSE:FI) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). The firm had revenue of $140.42 million during the quarter, compared to the consensus estimate of $157.87 million. Franks International had a negative net margin of 14.18% and a negative return on equity of 7.98%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) earnings per share. As a group, equities analysts anticipate that Franks International NV will post -0.28 earnings per share for the current fiscal year.

In related news, Director Steven B. Mosing sold 34,584 shares of Franks International stock in a transaction on Monday, September 9th. The stock was sold at an average price of $4.81, for a total transaction of $166,349.04. Following the completion of the sale, the director now owns 1,493,941 shares of the company’s stock, valued at $7,185,856.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Aperio Group LLC bought a new stake in Franks International during the second quarter valued at approximately $25,000. Bank of Montreal Can lifted its holdings in shares of Franks International by 522.9% during the 2nd quarter. Bank of Montreal Can now owns 10,794 shares of the pipeline company’s stock worth $59,000 after acquiring an additional 9,061 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Franks International by 53.5% during the 2nd quarter. Trexquant Investment LP now owns 23,186 shares of the pipeline company’s stock worth $127,000 after acquiring an additional 8,084 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Franks International by 1,288.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 33,798 shares of the pipeline company’s stock worth $161,000 after acquiring an additional 31,363 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in Franks International by 138.2% in the second quarter. Cubist Systematic Strategies LLC now owns 44,031 shares of the pipeline company’s stock worth $240,000 after acquiring an additional 25,544 shares in the last quarter. Institutional investors own 40.09% of the company’s stock.

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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