Exclusive: Time to Buy Franks International NV After Making All-Time Low?

Exclusive: Time to Buy Franks International NV After Making All Time Low?

The stock of Franks International NV (NYSE:FI) reached all time low today, Nov, 4 and still has $9.95 target or 8.00% below today’s $10.82 share price. This indicates more downside for the $1.68 billion company. This technical setup was reported by Barchart.com. If the $9.95 PT is reached, the company will be worth $134.40 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 436,636 shares traded hands. Franks International NV (NYSE:FI) has declined 31.37% since April 4, 2016 and is downtrending. It has underperformed by 32.46% 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 firm earned “Sector Perform” rating on Wednesday, November 4 by Howard Weil. The rating was maintained by Howard Weil on Thursday, September 29 with “Sector Perform”. The firm has “Sector Perform” rating given on Wednesday, November 4 by RBC Capital Markets. RBC Capital Markets maintained it with “Sector Perform” rating and $18 target price in Thursday, April 28 report. Evercore downgraded the shares of FI in a report on Wednesday, June 29 to “Hold” rating. The rating was initiated by JP Morgan with “Neutral” on Wednesday, June 22. The company was initiated on Monday, December 14 by KLR Group. UBS downgraded it to “Sell” rating and $7.50 target price in Thursday, August 25 report. The stock of Franks International NV (NYSE:FI) earned “Neutral” rating by Credit Suisse on Wednesday, November 4. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, April 19.

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 is negative, 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.
Lazard Asset Management Limited Liability holds 0.05% of its portfolio in Franks International NV (NYSE:FI) for 1.60 million shares. Scout Invs reported 22,500 shares or 0.01% of all its holdings. Pioneer Invest Mngmt owns 492,866 shares or 0.03% of their US portfolio. The California-based Schwab Charles Investment Management Incorporated has invested 0% in Franks International NV (NYSE:FI). Gotham Asset Management Ltd Llc has invested 0.1% of its portfolio in Franks International NV (NYSE:FI). Hawkins Cap L P accumulated 0.68% or 139,000 shares. Calamos Advsrs Limited Liability Corporation last reported 15,300 shares in the company. Bnp Paribas Arbitrage Sa accumulated 4,196 shares or 0% of the stock. Tocqueville Asset Mgmt Lp holds 0.2% or 1.07M shares in its portfolio. Qs Invsts Ltd Com has invested 0% of its portfolio in Franks International NV (NYSE:FI). Boston Private Wealth Lc last reported 16,126 shares in the company. Tiaa Cref Inv Mgmt Limited Liability Com has invested 0% of its portfolio in Franks International NV (NYSE:FI). Jpmorgan Chase & last reported 577,765 shares in the company. Sei Investments has invested 0.01% of its portfolio in Franks International NV (NYSE:FI). New York State Common Retirement Fund has 0% invested in the company for 75,900 shares.

Insider Transactions: Since August 5, 2016, the stock had 1 insider purchase, and 0 sales for $498,298 net activity. Mosing Donald E. bought $498,298 worth of Franks International NV (NYSE:FI) on Friday, August 5.

More notable recent Franks International NV (NYSE:FI) news were published by: Seekingalpha.com which released: “Frank’s International NV (FI) Q3 2016 Results – Earnings Call Transcript” on November 03, 2016, also Fool.com with their article: “Terrible Earnings Sends Franks International NV’s Stock Sinking” published on July 28, 2016, Globenewswire.com published: “Frank’s International N.V. Announces Third Quarter 2016 Results” on November 03, 2016. More interesting news about Franks International NV (NYSE:FI) were released by: Globenewswire.com and their article: “Frank’s International N.V. Schedules Third Quarter 2016 Earnings Release and …” published on October 13, 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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