In a report released today, Mike Urban from Seaport Global reiterated a Hold rating on Frank’s International (NYSE: FI), with a price target of $7.50. The company’s shares opened today at $8.96, close to its 52-week high of $9.75.
According to TipRanks.com, Urban ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.9% and a 41.1% success rate. Urban covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, C&J Energy Services Inc, and Schlumberger Limited.
Frank’s International has an analyst consensus of Hold, with a price target consensus of $7.58, representing a -15.4% downside. In a report released yesterday, 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 914.8K.
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.
