Analyst Rating Update on Franks International N.V. (FI)

Franks International N.V. (NYSE:FI) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Franks International N.V. (NYSE:FI) stock is expected to deviate a maximum of $2.91 from the average target price of $16.5 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $13.

Company shares have received an average consensus rating of Hold for the current week

Franks International N.V. (NYSE:FI): On Tuesdays trading session , Opening price of the stock was $14.81 with an intraday high of $14.88. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.39. However, the stock managed to close at $14.44, a loss of 0.55% for the day. On the previous day, the stock had closed at $14.52. The total traded volume of the day was 700,224 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Latiolais Burney J. Jr., officer (See Remarks) of Franks International N.V., had unloaded 3,672 shares at an average price of $15.24 in a transaction dated on March 4, 2016. The total value of the transaction was worth $55,961.

Franks International N.V. (FINV) is a provider of engineered tubular services to the exploration and production companies in both offshore and onshore environments. The Company operates through three business segments: International Services, U. S. Services and Tubular Sales. The International Services segment provides tubular services to exploration and production companies in international offshore markets and in several onshore international regions in approximately 60 countries on six continents. The U.S. Services segment provides tubular services in the active onshore oil and gas drilling regions in the United States, including the Permian Basin, Bakken Shale, Barnett Shale, Eagle Ford Shale, Haynesville Shale, Marcellus Shale and Utica Shale, as well as in the United States Gulf of Mexico. The Tubular Sales segment designs, manufactures and distributes outside diameter (OD) pipe, connectors and casing attachments.

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