The President of Frank’s International (NYSE: FI) is Selling Shares


Today, the President of Frank’s International (NYSE: FI), Burney Latiolais, sold shares of FI for $100.6K.

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Based on Frank’s International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $116 million and GAAP net loss of $42.07 million. In comparison, last year the company earned revenue of $111 million and had a GAAP net loss of $26.66 million. Currently, Frank’s International has an average volume of 1.36M.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $5.88, reflecting a 27.4% upside. Six different firms, including Credit Suisse and Goldman Sachs, currently also have a Sell rating on the stock.

The insider sentiment on Frank’s International has been negative according to 93 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.

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