Guggenheim assumed coverage on shares of Frank s International (NYSE:FI) in a research note issued to investors on Wednesday, StockRatingsNetwork reports. The firm issued a neutral rating on the stock.
Shares of Frank s International (NYSE:FI) traded down 1.29% on Wednesday, hitting $26.305. The stock had a trading volume of 170,118 shares. Frank s International has a 1-year low of $23.10 and a 1-year high of $32.70. The stock has a 50-day moving average of $27.51 and a 200-day moving average of $28.40. The company has a market cap of $4.038 billion and a P/E ratio of 11.54.
Frank s International (NYSE:FI) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.44 by $0.10. The company had revenue of $270.10 million for the quarter, compared to the consensus estimate of $303.92 million. Frank s International’s revenue was up 1.4% compared to the same quarter last year. Analysts expect that Frank s International will post $1.74 EPS for the current fiscal year.
A number of other firms have also recently commented on FI. Analysts at FBR Capital Markets initiated coverage on shares of Frank s International in a research note to investors on Friday, December 6th. They set an outperform rating on the stock. Separately, analysts at Tudor Pickering initiated coverage on shares of Frank s International in a research note to investors on Wednesday, December 4th. They set a buy rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Frank s International from an equal weight rating to an overweight rating in a research note to investors on Monday, December 2nd. They now have a $30.00 price target on the stock, down previously from $32.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Frank s International currently has a consensus rating of Buy and a consensus target price of $31.40.
Frank s International NV is a Netherlands-based company. It provides a broad and comprehensive range of tubular technologies to the oil and gas industry.
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