Steven B. Mosing Sells 122,629 Shares of Franks International NV (FI) Stock

Franks International NV (NYSE:FI) Director Steven B. Mosing sold 122,629 shares of the company’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $8.37, for a total value of $1,026,404.73. Following the completion of the transaction, the director now directly owns 3,222,578 shares in the company, valued at $26,972,977.86. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of FI stock opened at $8.65 on Wednesday. Franks International NV has a twelve month low of $4.93 and a twelve month high of $9.75. The firm has a market cap of $1.85 billion, a P/E ratio of -14.18 and a beta of 1.23.

Franks International (NYSE:FI) last announced its quarterly earnings data on Wednesday, August 8th. The pipeline company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). Franks International had a negative return on equity of 13.50% and a negative net margin of 36.85%. The business had revenue of $132.09 million during the quarter, compared to the consensus estimate of $121.91 million. During the same period in the prior year, the company earned ($0.12) EPS. Franks International’s revenue for the quarter was up 12.3% on a year-over-year basis. analysts predict that Franks International NV will post -0.47 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System increased its holdings in Franks International by 89.7% in the 1st quarter. California Public Employees Retirement System now owns 28,069 shares of the pipeline company’s stock worth $152,000 after purchasing an additional 13,269 shares in the last quarter. Trexquant Investment LP acquired a new position in Franks International in the 1st quarter worth about $219,000. Dynamic Technology Lab Private Ltd acquired a new position in Franks International in the 1st quarter worth about $230,000. SeaBridge Investment Advisors LLC acquired a new position in Franks International in the 2nd quarter worth about $257,000. Finally, GWM Advisors LLC acquired a new position in Franks International in the 1st quarter worth about $517,000. 34.10% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have commented on the company. Zacks Investment Research raised Franks International from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Seaport Global Securities set a $8.00 target price on Franks International and gave the company a “hold” rating in a research report on Thursday, August 9th. UBS Group upped their price objective on Franks International from $4.50 to $7.00 and gave the stock a “sell” rating in a research report on Friday, August 10th. 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. Finally, Tudor Pickering downgraded Franks International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $8.31.

Franks International Company Profile

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.

Read More: Technical Analysis of Stocks and What It Means

Insider Buying and Selling by Quarter for Franks International (NYSE:FI)

Receive News & Ratings for Franks International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franks International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply