Franks International N.V. (NYSE:FI) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.27 by 11 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on Franks International N.V. (NYSE:FI). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm raises the price target from $17 per share to $21 per share. The rating by the firm was issued on April 19, 2016.
Franks International N.V. (NYSE:FI): The stock price is expected to reach $ 16.95 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $21 while the lower estimate is at $13. The standard deviation of the price stands at $2.83.
Franks International N.V. (NYSE:FI) rose 0.71% or 0.11 points on Tuesday and made its way into the gainers of the day. After trading began at $15.38 the stock was seen hitting $15.83 as a peak level and $15.38 as the lowest level. The stock ended up at $15.71. The daily volume was measured at 921,507 shares. The 52-week high of the share price is $19.45 and the 52-week low is $12.34. The company has a market cap of $2,441 million.
Franks International N.V. has dropped 1.5% in the last five trading days, however, the shares have posted positive gains of 5.3% in the last 4 weeks. Franks International N.V. is up 0.31% in the last 3-month period. Year-to-Date the stock performance stands at -3.99%.
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.