Today’s Price Action: Could Franks International NV Change Direction After Making Yearly Low?

Today's Price Action: Could Franks International NV Change Direction After Making Yearly Low?

The stock of Franks International NV (NYSE:FI) hit a new 52-week low and has $10.08 target or 8.00% below today’s $10.96 share price. The 5 months bearish chart indicates high risk for the $1.70 billion company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $10.08 price target is reached, the company will be worth $136.00M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 215,833 shares traded hands. Franks International NV (NYSE:FI) has declined 30.32% since April 1, 2016 and is downtrending. It has underperformed by 31.53% the S&P500.

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. The stock of Franks International NV (NYSE:FI) earned “Neutral” rating by Credit Suisse on Wednesday, November 4. On Tuesday, April 19 the stock rating was downgraded by Seaport Global to “Neutral”. The stock of Franks International NV (NYSE:FI) earned “Sector Perform” rating by Howard Weil on Wednesday, November 4. Morgan Stanley maintained Franks International NV (NYSE:FI) rating on Tuesday, April 19. Morgan Stanley has “Overweight” rating and $21 price target. Guggenheim upgraded Franks International NV (NYSE:FI) on Monday, November 30 to “Buy” rating. JP Morgan initiated Franks International NV (NYSE:FI) rating on Wednesday, June 22. JP Morgan has “Neutral” rating and $13 price target. RBC Capital Markets maintained Franks International NV (NYSE:FI) on Wednesday, November 4 with “Sector Perform” rating. The stock of Franks International NV (NYSE:FI) has “Hold” rating given on Wednesday, June 29 by Evercore. As per Thursday, August 25, the company rating was downgraded by UBS. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, November 2.

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 decreased to 1.04 in 2016 Q2. Its down 0.36, from 1.4 in 2016Q1. The ratio dived, 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.
Moreover, Tocqueville Asset Mgmt L P has 0.2% invested in Franks International NV (NYSE:FI) for 1.07 million shares. Acadian Asset Management Llc holds 0% or 27,000 shares in its portfolio. Nuance Investments Ltd Liability Com, a Kansas-based fund reported 5.94 million shares. Dean Invest Associates Lc has invested 0.11% of its portfolio in Franks International NV (NYSE:FI). Blackrock Group holds 14,593 shares or 0% of its portfolio. Bank Of Montreal Can holds 0% or 57,768 shares in its portfolio. Parametric Assocs Limited Company last reported 0% of its portfolio in the stock. The Massachusetts-based Boston Advsr Limited Liability Co has invested 0.08% in Franks International NV (NYSE:FI). Us Fincl Bank De holds 3,326 shares or 0% of its portfolio. Royal National Bank & Trust Of Canada reported 12,389 shares or 0% of all its holdings. Great Lakes Advsrs Limited Liability Corp has 222,088 shares for 0.09% of their US portfolio. Omers Administration Corp has invested 0.01% of its portfolio in Franks International NV (NYSE:FI). Checchi Capital Advisers Ltd Liability Corp owns 613 shares or 0% of their US portfolio. Pacad holds 0.03% or 13,235 shares in its portfolio. Virginia Retirement System Et Al, a Virginia-based fund reported 79,800 shares.

Insider Transactions: Since August 5, 2016, the stock had 1 insider purchase, and 0 selling transactions for $498,298 net activity. 41,000 Franks International NV (NYSE:FI) shares with value of $498,298 were bought by Mosing Donald E..

More recent Franks International NV (NYSE:FI) news were published by: Globenewswire.com which released: “Frank’s International N.V. Announces Third Quarter 2016 Results” on November 03, 2016. Also Globenewswire.com published the news titled: “Frank’s International N.V. Schedules Third Quarter 2016 Earnings Release and …” on October 13, 2016. Bizjournals.com‘s news article titled: “Energy services provider to acquire another Houston co.” with publication date: October 10, 2016 was also an interesting one.

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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