With 1.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.04 million shares. The 52-week range on FIP shows that it touched its highest point at $10.45 and its lowest point at $4.17 during that stretch. It currently has a 1-year price target of $12.00. With its current market cap of 677.92 million, FIP has annualized dividend of $0.12 while the current yield stands at 2.01%. Beta for the stock currently stands at 1.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FIP was down-trending over the past week, with a drop of -7.31%, but this was down by -15.10% over a month. Three-month performance dropped to -28.62% while six-month performance fell -36.66%. The stock gained 36.07% in the past year, while it has lost -17.91% so far this year. A look at the trailing 12-month EPS for FIP yields -1.98 with Next year EPS estimates of -0.92. For the next quarter, that number is -0.37. This implies an EPS growth rate of -4.84% for this year and 50.80% for next year.
Float and Shares Shorts:
At present, 113.75 million FIP shares are outstanding with a float of 112.58 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FIP since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.80967 being high and -$2.00624 being low. For FIP, this leads to a yearly average estimate of -$1.87667. Based on analyst estimates, the high estimate for the next quarter is -$0.42 and the low estimate is -$0.42. The average estimate for the next quarter is thus -$0.42.
