Revenue Update on Franks International NV(NYSE:FI)

Franks International NV(NYSE:FI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $120.95M. Analysts estimated a revenue of $140.90M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.01.

In a different note, On Jul 11, 2016, Jefferies said it Downgrades its rating on Franks International NV. In the research note, the firm Lowers the price-target to $14.50 per share. The shares have been rated ‘Underperform’ by the firm. On Jun 29, 2016, Evercore ISI Group said it Downgrades its rating on Franks International NV. The shares have been rated ‘Hold’ by the firm. JP Morgan said it Initiates Coverage on Franks International NV, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Neutral’ by the firm.

Franks International NV (FI) made into the market gainers list on Thursdays trading session with the shares advancing 2.17% or 0.26 points. Due to strong positive momentum, the stock ended at $12.25, which is also near the day’s high of $12.28. The stock began the session at $11.99 and the volume stood at 6,48,678 shares. The 52-week high of the shares is $18.14 and the 52 week low is $11.35. The company has a current market capitalization of $1,913 M and it has 15,62,00,930 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Burney J. Jr. Latiolais (officer ) sold 3,672 shares at $15.24 per share price.Also, On Nov 9, 2015, John W Jr Sinders (Executive VP, Administration) sold 15,000 shares at $17.08 per share price.On Aug 11, 2015, Michael C Kearney (director) purchased 7,000 shares at $15.58 per share price, according to the Form-4 filing with the securities and exchange commission.

Frank’s 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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