Franks International N.V. (FI) : 3 brokerage houses believe that Franks International N.V. (FI) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Franks International N.V. (FI). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 12 Wall Street Analysts endorse the stock as a Hold with a rating of 2.75.
Franks International N.V. (FI) stock is expected to deviate a maximum of $4.35 from the average target price of $13.86 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $20 and the most muted being $8.
Also, Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of Franks International N.V. (NYSE:FI). UBS has a Sell rating on the shares. Previously, the analysts had a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $7.5 per share from a prior target of $16. The rating by the firm was issued on August 25, 2016.
Franks International N.V. (NYSE:FI): The stock opened in the green at $11.68 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.79 and a low of $11.55 for the day. The stock did not find buyers even at the lows and closed at $11.58 recording a loss of -0.17%. 642,189 shares exchanged hands during the trading day. The stock had closed at $11.6 in the previous days trading.
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.