Shares of Frank’s International N.V. (NYSE:FI) traded today at $5.27, eclipsing its 52-week high. This new high was reached on above average trading volume as 4.1 million shares traded hands, while the average 30-day volume is approximately 610,000 shares.
Over the past year, Frank’s International N.V. has traded in a range of $1.49 to $5.27 and is now at $4.85, 226% above that low.
Frank’s International is a leading provider of casing and tubular running services, an important part of the construction of oil and gas wells. The company has been a pioneer in developing the specialized tools necessary to install casing on complex deep-water wells. The company also manufacturers some tubular goods, such as casing connectors.
Frank’s International N.V. (NYSE:FI) defies analysts with a current price ($4.85) 51.9% above its average consensus price target of $2.33.
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