Franks International N.V. (FI) Shares Slide -15.09%

Franks International N.V. (FI) : During the past 4 weeks, traders have been relatively bearish on Franks International N.V. (FI), hence the stock is down -20.64% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -15.04% relative to the S&P 500. The 4-week change in the price of the stock is -17.98% and the stock has fallen -15.09% in the past 1 week.

The stock has recorded a 20-day Moving Average of 15.73% and the 50-Day Moving Average is 18.84%. Franks International N.V. has dropped 25.31% during the last 3-month period . Year-to-Date the stock performance stands at -24.71%.


Franks International N.V. (NYSE:FI): On Fridays trading session , Opening price of the stock was $12.36 with an intraday high of $12.51. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.43. However, the stock managed to close at $12.32, a loss of 0.40% for the day. On the previous day, the stock had closed at $12.37. The total traded volume of the day was 2,838,534 shares.

Also, Major Brokerage house, Barclays maintains its ratings on Franks International N.V. (NYSE:FI). In the latest research report, Barclays lowers the target price from $15 per share to $13 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on July 29, 2016.

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Your email address will not be published.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 *