Scotia Howard Weil announced Frank's International (NYSE:FI), dropping its stock price target to $12.00 today
- Updated: September 28, 2016
In a report released on Thursday September 29, 2016 Scotia Howard Weil reduced the stock price target of Frank's International (NYSE:FI) from $14.00 to $12.00 reporting a possible downside of -0.05%.
Previously on 7/29/2016, Scotia Howard Weil reported about Frank's International (NYSE:FI) lowered the target price from $17.00 to $14.00. At the time, this indicated a possible upside of 0.14%.
Yesterday Frank's International (NYSE:FI) traded 4.64% higher at $12.62. The company’s 50-day moving average is $12.05 and its 200-day moving average is $14.52. The last stock close price is down -13.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 727,663 shares of Frank's International exchanged hands, down from an avg. volume of 846,117
With a total market value of $0, Frank's International has with a one year low of $10.91 and a one year high of $18.14 .
A total of 15 equity analysts have released a research note on the company. 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 11 analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $16.35.
General Company Details For Frank's International (NYSE:FI)
Frank's International N.V. is a provider of engineered tubular services to the oil and gas industry. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells. The International Services segment provides tubular services in international offshore markets and in several onshore international regions in approximately 60 countries on six continents. The U.S. Services segment provides tubular services in the active onshore oil and gas drilling regions in the United States, including the Permian Basin, Bakken Shale, Barnett Shale, Eagle Ford Shale, Haynesville Shale, Marcellus Shale and Utica Shale, as well as in the United States Gulf of Mexico. The Tubular Sales segment designs, manufactures and distributes large outside diameter (OD) pipe, connectors and casing attachments.
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