Shares of Frank’s International NV (NYSE:FI) have earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the company. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $15.29.

Several equities analysts have weighed in on the company. Capital One Financial Corp. cut Frank’s International NV from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 28th. KLR Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Frank’s International NV in a research note on Wednesday, June 15th. Barclays PLC lowered their price objective on Frank’s International NV from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Friday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective (down from $18.00) on shares of Frank’s International NV in a research note on Thursday, June 30th. Finally, Evercore ISI lowered Frank’s International NV from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $12.00 in a research note on Wednesday, June 29th.

In related news, major shareholder Donald E. Mosing purchased 41,000 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were acquired at an average cost of $12.15 per share, for a total transaction of $498,150.00. Following the acquisition, the insider now owns 91,000 shares of the company’s stock, valued at approximately $1,105,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 77.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. increased its position in shares of Frank’s International NV by 19.0% in the third quarter. Eqis Capital Management Inc. now owns 23,345 shares of the company’s stock worth $303,000 after buying an additional 3,724 shares in the last quarter. Wolverine Asset Management LLC increased its position in shares of Frank’s International NV by 27.3% in the second quarter. Wolverine Asset Management LLC now owns 70,000 shares of the company’s stock worth $1,022,000 after buying an additional 15,000 shares in the last quarter. Royal Bank of Canada increased its position in shares of 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. Schwab Charles Investment Management Inc. increased its position in shares of Frank’s International NV by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,426 shares of the company’s stock worth $1,029,000 after buying an additional 1,854 shares in the last quarter. Finally, Sterneck Capital Management LLC bought a new position in shares of Frank’s International NV during the second quarter worth about $1,121,000. Institutional investors and hedge funds own 26.85% of the company’s stock.

Frank’s International NV (NYSE:FI) traded up 0.62% during trading on Wednesday, hitting $13.08. The stock had a trading volume of 452,335 shares. The stock’s market cap is $2.04 billion. The stock has a 50 day moving average price of $12.13 and a 200-day moving average price of $14.43. 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 released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.13. The firm 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 quarter in the prior year, the business earned $0.14 EPS. On average, equities analysts predict that Frank’s International NV will post ($0.41) EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Monday, August 29th. Frank’s International NV’s dividend payout ratio (DPR) is presently -600.00%.

Frank’s International NV Company Profile

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.

5 Day Chart for NYSE:FI

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