Notable Price Action: Could Franks International NV Decline After Today’s Huge Increase?

Notable Price Action: Could Franks International NV Decline After Today's Huge Increase?

The stock of Franks International NV (NYSE:FI) is a huge mover today! About 360,380 shares traded hands. Franks International NV (NYSE:FI) has declined 25.94% since April 27, 2016 and is downtrending. It has underperformed by 31.17% the S&P500.
The move comes after 7 months positive chart setup for the $2.78B company. It was reported on Nov, 30 by Barchart.com. We have $13.63 PT which if reached, will make NYSE:FI worth $194.60 million more.

Analysts await Franks International NV (NYSE:FI) to report earnings on March, 6. They expect $-0.14 earnings per share, down 240.00% or $0.24 from last year’s $0.1 per share. After $-0.13 actual earnings per share reported by Franks International NV for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth.

Franks International NV (NYSE:FI) Ratings Coverage

Out of 14 analysts covering Frank’s International N.V. (NYSE:FI), 2 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 14% are positive. Frank’s International N.V. has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Seaport Global downgraded Franks International NV (NYSE:FI) on Tuesday, April 19 to “Neutral” rating. The rating was maintained by Howard Weil with “Sector Perform” on Thursday, September 29. The company was upgraded on Monday, November 30 by Guggenheim. The stock of Franks International NV (NYSE:FI) earned “Hold” rating by Evercore on Wednesday, June 29. On Wednesday, November 4 the stock rating was downgraded by Credit Suisse to “Neutral”. Morgan Stanley downgraded the shares of FI in a report on Wednesday, November 2 to “Equal-Weight” rating. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. On Monday, December 14 the stock rating was initiated by KLR Group with “Buy”. Gabelli initiated Franks International NV (NYSE:FI) on Friday, October 16 with “Hold” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, August 6.

According to Zacks Investment Research, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands.”

Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.01, from 1.04 in 2016Q1. The ratio is positive, as 25 funds sold all Franks International NV shares owned while 43 reduced positions. 23 funds bought stakes while 48 increased positions. They now own 41.40 million shares or 16.53% more from 35.53 million shares in 2016Q1.
Ladenburg Thalmann Serv Inc holds 1,252 shares or 0% of its portfolio. Boston Advsr Ltd Liability last reported 231,986 shares in the company. The Pennsylvania-based Pnc Fin Svcs Gp has invested 0% in Franks International NV (NYSE:FI). Tocqueville Asset Management Limited Partnership has 1.07 million shares for 0.2% of their US portfolio. Savings Bank Of Mellon last reported 165,610 shares in the company. Eagle Cap Management Limited owns 10,525 shares or 0.17% of their US portfolio. Morgan Stanley, a New York-based fund reported 575,411 shares. Blackrock Institutional Na has invested 0% of its portfolio in Franks International NV (NYSE:FI). Pacad Investment Limited holds 13,235 shares or 0.03% of its portfolio. Checchi Advisers Limited Company holds 613 shares or 0% of its portfolio. Royal Retail Bank Of Canada holds 0% or 12,389 shares in its portfolio. Blackrock Ltd Liability Com holds 0% or 17,742 shares in its portfolio. Omers Administration owns 37,900 shares or 0.01% of their US portfolio. The Iowa-based Principal Fincl Gp has invested 0% in Franks International NV (NYSE:FI). Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 1,133 shares.

Insider Transactions: Since August 5, 2016, the stock had 1 insider purchase, and 0 insider sales for $498,298 net activity. Mosing Donald E. had bought 41,000 shares worth $498,298.

More notable recent Franks International NV (NYSE:FI) news were published by: Nasdaq.com which released: “Frank’s International N.V. to Participate in Upcoming Investor Conference” on November 28, 2016, also Nasdaq.com with their article: “Frank’s International N.V. (FI) Ex-Dividend Date Scheduled for November 22, 2016” published on November 21, 2016, Fool.com published: “Terrible Earnings Sends Franks International NV’s Stock Sinking” on July 28, 2016. More interesting news about Franks International NV (NYSE:FI) were released by: Seekingalpha.com and their article: “Frank’s International NV (FI) Q3 2016 Results – Earnings Call Transcript” published on November 03, 2016 as well as Globenewswire.com‘s news article titled: “Frank’s International N.V. Announces Second Quarter 2016 Results” with publication date: July 28, 2016.

FI Company Profile

Frank’s International N.V. (FINV) is a well-known provider of engineered tubular services to the gas and oil industry. The Firm operates through three business divisions: International Services, U. S. Services and Tubular Sales. The Firm provides its services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells. The Company’s tubular services involve the handling and installation of multiple joints of pipe to establish a cased wellbore and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced gas and oil to reach the surface. The Firm creates and makes certain products that it sells directly to external customers, including large outside diameter (OD) pipe connectors. The Firm distributes large OD pipe manufactured by third parties.

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