With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.37 million shares. The 52-week range on FIP shows that it touched its highest point at $10.45 and its lowest point at $3.10 during that stretch. It currently has a 1-year price target of $12.00. With its current market cap of 522.16 million, FIP has annualized dividend of $0.12 while the current yield stands at 2.64%. Beta for the stock currently stands at 1.84.
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 up-trending over the past week, with a rise of 5.32%, but this was up by 23.31% over a month. Three-month performance dropped to -33.58% while six-month performance fell -44.85%. The stock lost -37.67% in the past year, while it has lost -37.33% so far this year. A look at the trailing 12-month EPS for FIP yields -2.72 with Next year EPS estimates of -0.37. For the next quarter, that number is -0.34. This implies an EPS growth rate of 61.82% for this year and 65.08% for next year.
Float and Shares Shorts:
At present, 113.93 million FIP shares are outstanding with a float of 107.87 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 -$1.74544 being high and -$2.10415 being low. For FIP, this leads to a yearly average estimate of -$1.87667.
