Initiating Coverage on Frank's International With $8 FVE and Narrow Moat Rating
We are launching coverage of Frank’s International with a narrow moat rating and a fair value estimate of $8 per share, thus marking the company’s shares as essentially fairly valued currently. Frank’s provides casing and tubular running services used in the construction of oil and gas wells. In terms of both customer satisfaction and historical financial performance, it has long been cited as one of the highest-quality companies in oilfield services.While the oil and gas downturn that began in...
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