Franks International N.V. (FI) Shares are Up 5.01%

Franks International N.V. (FI) : Traders are bullish on Franks International N.V. (FI) as it has outperformed the S&P 500 by a wide margin of 11.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.01% in the last 1 week, and is up 11.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 8.78% and the 50-Day Moving Average is 5.65%.The 200 Day SMA reached 9.12%


Franks International N.V. (NYSE:FI): After opening at $12.85, the stock dipped to an intraday low of $12.75 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.07 and the buying power remained strong till the end. The stock closed at $13 for the day, a gain of 2.04% for the day session. The total traded volume was 733,675. The stocks close on the previous trading day was $13.

Franks International N.V. (FI) : 11 investment research analysts covering Franks International N.V. (FI) have an average price target of $13.68 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $8 for the short term. Analysts expect the variance to be within $4.38 of the average price.

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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