Analyst Price Target Update on Franks International N.V. (NYSE:FI)

Franks International N.V. (NYSE:FI) should head towards $16.95 per share according to 10 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $13 per share. The higher price estimate target is at $21 according to the Analysts.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Morgan Stanley maintains its rating on Franks International N.V. (NYSE:FI).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley raises the new price target from $17 per share to $21 per share. The rating by the firm was issued on April 19, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The officer (See Remarks) of Franks International N.V., Latiolais Burney J. Jr. sold 3,672 shares at $15.24 on March 4, 2016. The Insider selling transaction had a total value worth of $55,961. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Franks International N.V. (NYSE:FI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.45 points or 2.77% at $15.78 with 867,951 shares getting traded. Post opening the session at $15.92, the shares hit an intraday low of $15.69 and an intraday high of $16.15 and the price was in this range throughout the day. The company has a market cap of $2,452 million and the number of outstanding shares have been calculated to be 155,403,850 shares. The 52-week high of Franks International N.V. (NYSE:FI) is $19.84 and the 52-week low is $12.34.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.