Today, a Director at Frank’s International (NYSE: FI), Keith Mosing, sold shares of FI for $2.17M.
In addition to Keith Mosing, 11 other FI executives reported Sell trades in the last month. Following Keith Mosing’s last FI Sell transaction on November 17, 2017, the stock climbed by 1.9%.
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Based on Frank’s International’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $132 million and GAAP net loss of $25.76 million. In comparison, last year the company earned revenue of $118 million and had a GAAP net loss of $25.95 million. Currently, Frank’s International has an average volume of 965.3K.
One of the top 25 analysts, according to TipRanks.com, recently recommended Buy FI with a $11 price target. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $8.15, reflecting a -4.2% downside.
In the last 30 days, insiders have sold $42.23M worth of FI shares and purchased $2.76M worth of FI shares. The insider sentiment on Frank’s International has been negative according to 120 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Frank’s International NV engages in the provision of tubular services to oil and gas industries. It operates through the following segments: International Services, U.S. Services, Tubular Sales, and Blackhawk. The International Services segment includes tubular services in international offshore markets and in several onshore international regions.
