Why Has KLR Group Given Frank’s International N.V (NYSE:FI) a $23.00 Price Target
Equity research analysts at KLR Group have started coverage on shares of Frank’s International N.V (NYSE:FI) in an interesting research report revealed to clients on 14 December. The financial company set “Buy” rating on the stock. KLR Group’s price target of $23.00 suggests potential of 48.48% from the stock’s last price.
From a total of 15 analysts covering Frank’s International N.V. (NYSE:FI) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 37% of the ratings are positive. The highest target price is $24 while the lowest target price is $12.5. The mean of all analyst targets is $17.63 with a 11.47% above today’s ($15.52) stock price. Frank’s International N.V. was the topic of 15 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Guggenheim upgraded shares on November 30 to “Buy” rating. RBC Capital Markets maintained FI stock in a recent report from November 4 with “Sector Perform” rating. Finally, Gabelli initiated the stock with “Hold” rating in a report issued on an October 16.
Approximately 123,222 shares of stock traded hands. Franks International NV (NYSE:FI) has declined 26.87% since May 11, 2015 and is downtrending. It has underperformed by 22.46% the S&P500.
The overall sentiment of institutions has decreased to 1.22 in Q2 2015. Its down 0.09, from 1.31 in 2015Q2. The ratio fall, as 23 institutions have sold all the shares of Franks International NV that they owned while 41 funds have taken shares off the table. 29 funds have purchased shares for the first time while 49 added to their positions. These institutions now hold 40.22 million shares or 29.07% more than the 31.16 million shares they owned in 2015Q2.
The Fund Nuance Investments Llc currently is holding shares equating to 11.4% of its total portfolio in Franks International NV representing a total of 6.80 million shares. Another fund,Dean Capital Management, is holding a total of 112,360 shares equating to 2.4% of their holdings. Additionally, Malaga Cove Capital Llc has a 118,707 share stake in Franks International NV which represents 1.45% of their total portfolio. The Fund, Atwood & Palmer Inc, based out of Missouri, has also built up a stake in the stock, which represents a total of 1.41% of their total portfolio. Finally Parametrica Management Ltd, a fund which is based in the state of Hong Kong reported a total holdings of 12,369 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 27, 2015, shareholders of Franks International NV have witnessed 0 buys, and a total of 1 insider sale equating to a net activity of approximately $198,606 . Latiolais Burney J. Jr. sold 13,193 shares worth approximately $198,606. Szabo Victor C. sold 5,000 shares worth approximately $102,407. Webre Charles Michael sold 7,386 shares worth approximately $153,627. Mosing D. Keith bought 57,000 shares worth approximately $1.01 million.
Frank’s International N.V. is a well-known provider of engineered tubular services to the exploration and production companies in both offshore and onshore environments. The company has a market cap of $2.43 billion. The Firm operates through three business divisions: International Services, U. It has 27.32 P/E ratio. S.
According to Zacks Investment Research, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands.”