RBC Capital Remains a Buy on Frank’s International (FI)


RBC Capital analyst Kurt Hallead reiterated a Buy rating on Frank’s International (NYSE: FI) yesterday and set a price target of $11. The company’s shares closed yesterday at $8.94.

According to TipRanks.com, Hallead is a 4-star analyst with an average return of 4.5% and a 46.3% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.

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.

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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.

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