Frank’s International N.V. (FI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Frank’s International N.V. (NYSE:FI) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.25.

A number of equities research analysts recently issued reports on FI shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $10.00 target price on shares of Frank’s International N.V. in a research note on Friday, September 1st. Barclays PLC cut their price target on Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, August 8th. Capital One Financial Corporation reiterated an “equal weight” rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Piper Jaffray Companies set a $8.00 price target on Frank’s International N.V. and gave the company a “hold” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Frank’s International N.V. in a report on Friday, July 21st.

Frank’s International N.V. (NYSE FI) traded up 3.032% during midday trading on Wednesday, reaching $7.305. The company’s stock had a trading volume of 298,779 shares. The stock’s market capitalization is $1.63 billion. Frank’s International N.V. has a 52 week low of $6.04 and a 52 week high of $14.86. The firm’s 50-day moving average price is $7.03 and its 200-day moving average price is $8.58.

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The company had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. During the same period in the previous year, the company posted ($0.20) EPS. Frank’s International N.V.’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Frank’s International N.V. will post ($0.42) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.23%. Frank’s International N.V.’s payout ratio is -40.00%.

Frank’s International N.V. announced that its board has approved a share repurchase program on Thursday, May 25th that permits the company to buyback 1,000% of shares. This buyback authorization permits the pipeline company to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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In related news, SVP Alejandro Cestero sold 7,355 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total value of $50,087.55. Following the completion of the sale, the senior vice president now directly owns 2,442 shares in the company, valued at approximately $16,630.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $6.67, for a total value of $6,670,000.00. Following the completion of the sale, the insider now owns 7,302,720 shares of the company’s stock, valued at $48,709,142.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,957,355 shares of company stock valued at $19,533,588. Insiders own 77.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FI. Massachusetts Financial Services Co. MA increased its holdings in Frank’s International N.V. by 117.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock valued at $48,727,000 after purchasing an additional 2,490,837 shares in the last quarter. Citadel Advisors LLC increased its holdings in Frank’s International N.V. by 10,360.6% in the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock valued at $10,446,000 after purchasing an additional 1,248,036 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Frank’s International N.V. in the 1st quarter valued at $6,420,000. Laurion Capital Management LP acquired a new stake in Frank’s International N.V. in the 1st quarter valued at $6,310,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in Frank’s International N.V. by 24.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock valued at $31,390,000 after purchasing an additional 576,950 shares in the last quarter. Hedge funds and other institutional investors own 30.38% of the company’s stock.

Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

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