In a report released yesterday, David Anderson from Barclays maintained a Hold rating on Frank’s International (NYSE: FI), with a price target of $7. The company’s shares closed yesterday at $8.60.
According to TipRanks.com, Anderson is a 1-star analyst with an average return of -2.6% and a 42.0% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Mammoth Energy Services, and Schlumberger Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Frank’s International with a $8.44 average price target, implying a -1.9% downside from current levels. In a report issued on August 8, Jefferies also reiterated a Hold rating on the stock with a $8.50 price target.
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The company has a one-year high of $9.75 and a one-year low of $4.93. Currently, Frank’s International has an average volume of 894.9K.
Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock.
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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.
