Franks International N.V. (FI) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 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 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Franks International N.V. (FI) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $20 and the lowest price target forecast is $8. The average forecast of all the analysts is $13.86 and the expected standard deviation is $4.35.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm UBS downgrades its rating on Franks International N.V. (NYSE:FI). The rating major has initiated the coverage with sell rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at UBS lowers the price target from $16 per share to $7.5 per share. The rating by the firm was issued on August 25, 2016.
Franks International N.V. (NYSE:FI): The stock opened at $11.65 and touched an intraday high of $11.925 on Wednesday. During the day, the stock corrected to an intraday low of $11.5299, however, the bulls stepped in and pushed the price higher to close in the green at $11.9 with a gain of 2.59% for the day. The total traded volume for the day was 1,072,175. The stock had closed at $11.6 in the previous trading session.
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.