Franks International (NYSE:FI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

According to Zacks, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands. “

Other analysts have also recently issued research reports about the company. ValuEngine upgraded Franks International from a “hold” rating to a “buy” rating in a research report on Friday, May 1st. Barclays lowered their target price on Franks International from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th.

Shares of NYSE:FI traded up $0.07 during trading on Tuesday, hitting $2.09. 453,100 shares of the company’s stock were exchanged, compared to its average volume of 838,329. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.01 and a quick ratio of 3.32. Franks International has a 52-week low of $1.66 and a 52-week high of $5.98. The business’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $3.18. The company has a market cap of $456.34 million, a price-to-earnings ratio of -1.60 and a beta of 1.22.

Franks International (NYSE:FI) last released its earnings results on Monday, May 11th. The pipeline company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). Franks International had a negative return on equity of 6.97% and a negative net margin of 52.42%. The firm had revenue of $123.50 million during the quarter, compared to analysts’ expectations of $134.83 million. During the same quarter last year, the business posted ($0.13) earnings per share. The firm’s revenue was down 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Franks International will post -0.23 EPS for the current fiscal year.

In related news, Director D. Keith Mosing sold 101,155 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $2.19, for a total transaction of $221,529.45. Following the sale, the director now owns 3,611,070 shares of the company’s stock, valued at $7,908,243.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 1,391,657 shares of company stock worth $2,997,363. 16.80% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Texas Capital Bank Wealth Management Services Inc. purchased a new stake in Franks International during the first quarter valued at $26,000. Profund Advisors LLC purchased a new stake in shares of Franks International in the fourth quarter valued at $54,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Franks International by 193.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,128 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 7,998 shares during the period. Bank of Montreal Can raised its stake in shares of Franks International by 43.6% in the fourth quarter. Bank of Montreal Can now owns 13,786 shares of the pipeline company’s stock valued at $71,000 after acquiring an additional 4,183 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Franks International in the first quarter valued at $41,000. 43.91% of the stock is currently owned by institutional investors.

About Franks International

Frank's International N.V. provides various engineered tubular services for the oil and gas exploration and production, and oilfield services companies in the United States, Europe, the Middle East, Africa, Latin America, the Asia Pacific, and internationally. The company operates through four segments: International Services, U.S.

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