In a report issued on August 8, David Anderson from Barclays maintained a Hold rating on Frank’s International (FI), with a price target of $6. The company’s shares closed on Friday at $4.71, close to its 52-week low of $4.70.
According to TipRanks.com, Anderson is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.9% and a 35.0% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Diamond Offshore Drilling, and Mammoth Energy Services.
Currently, the analyst consensus on Frank’s International is a Moderate Buy with an average price target of $6.50.
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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 $15.16 million. In comparison, last year the company had a GAAP net loss of $25.76 million.
Based on the recent corporate insider activity of 81 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 four segments: International Services, U.S. Services, Tubular Sales, and Blackhawk. The International Services segment provides tubular services in international offshore markets and in several onshore international regions.
