Other equities analysts have also issued reports about the stock. KLR Group reaffirmed a buy rating and issued a $22.00 price target on shares of Frank’s International NV in a report on Wednesday, June 15th. Barclays PLC cut their price target on shares of Frank’s International NV from $15.00 to $13.00 and set an equal weight rating on the stock in a report on Friday, July 29th. Capital One Financial Corp. lowered shares of Frank’s International NV from an overweight rating to an equal weight rating in a report on Thursday, July 28th. Evercore ISI lowered shares of Frank’s International NV from a buy rating to a hold rating and cut their price target for the stock from $15.00 to $12.00 in a report on Wednesday, June 29th. Finally, Seaport Global Securities reaffirmed a neutral rating on shares of Frank’s International NV in a report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $14.73.
Frank’s International NV (NYSE:FI) opened at 12.59 on Monday. The stock’s 50 day moving average price is $12.26 and its 200 day moving average price is $14.33. The company’s market capitalization is $1.97 billion. Frank’s International NV has a 12-month low of $10.91 and a 12-month high of $18.14.
Frank’s International NV (NYSE:FI) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.13. The business had revenue of $121 million for the quarter, compared to analysts’ expectations of $142.41 million. Frank’s International NV had a negative net margin of 1.14% and a positive return on equity of 1.00%. The business’s quarterly revenue was down 52.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. On average, equities analysts anticipate that Frank’s International NV will post ($0.41) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Wednesday, August 31st were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.38%. Frank’s International NV’s dividend payout ratio (DPR) is currently -600.00%.
In other news, major shareholder Donald E. Mosing acquired 41,000 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was acquired at an average price of $12.15 per share, for a total transaction of $498,150.00. Following the completion of the transaction, the insider now owns 91,000 shares in the company, valued at approximately $1,105,650. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 77.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Kelman Lazarov Inc. bought a new stake in Frank’s International NV during the third quarter worth approximately $110,000. Walleye Trading LLC bought a new stake in Frank’s International NV during the second quarter worth approximately $127,000. BlackRock Inc. boosted its stake in Frank’s International NV by 53.1% in the first quarter. BlackRock Inc. now owns 8,150 shares of the company’s stock worth $134,000 after buying an additional 2,825 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in Frank’s International NV by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 10,061 shares of the company’s stock worth $147,000 after buying an additional 861 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Frank’s International NV by 152.1% in the second quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $181,000 after buying an additional 7,474 shares in the last quarter. Institutional investors and hedge funds own 26.85% of the company’s stock.
About Frank’s International NV
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.
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