In a report released yesterday, Brad Handler from Jefferies reiterated a Hold rating on Frank’s International (NYSE: FI), with a price target of $8.50. The company’s shares closed yesterday at $8.96, close to its 52-week high of $9.75.
According to TipRanks.com, Handler has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 38.3% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Mammoth Energy Services, and C&J Energy Services Inc.
Currently, the analyst consensus on Frank’s International is a Hold with an average price target of $7.63.
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Based on Frank’s International’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $25.76 million. In comparison, last year the company had a GAAP net loss of $25.95 million.
Based on the recent corporate insider activity of 117 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.
