Analysis: Frank’s International N.V (NYSE:FI) Stock Target Has Just Been Increased Today
In an analyst research report sent to clients and investors by RBC Capital Markets on 18 December, the firm, Frank’s International N.V (NYSE:FI), had their target PPS cut to $17.00. Analusts currently have a solid “Sector Perform” rating on the stock.
From a total of 16 analysts covering Frank’s International N.V. (NYSE:FI) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $18.16 with a 14.16% above today’s ($15.61) stock price. Frank’s International N.V. was the topic of 16 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. KLR Group initiated shares on December 14 with “Buy” rating. Gabelli initiated shares with “Hold” rating and $17 target share price in a report from an October 16. Howard Weil maintained FI stock in a recent report from November 4 with “Sector Perform” rating. Finally, Credit Suisse downgraded the stock to “Neutral” rating in a report issued on a November 4.
The stock decreased 1.01% or $0.16 during the last trading session, striking $15.61. Approximately 829,119 shares of stock traded hands or 107.45% up from the average. Franks International NV (NYSE:FI) has declined 24.58% since May 15, 2015 and is downtrending. It has underperformed by 20.77% 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 worsened, 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 insider purchases, and a total of 1 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 $1.01M.
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 $2.44 billion. The Firm operates through three business divisions: International Services, U. It has 27.48 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.”