Frank’s International NV (NYSE:FI) received a $9.00 target price from Evercore ISI in a report issued on Monday. The firm currently has a a “hold” rating on the stock. Evercore ISI’s price target would suggest a potential downside of 32.02% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Scotiabank restated a “sector perform” rating and issued a $12.00 price target (down previously from $14.00) on shares of Frank’s International NV in a research note on Friday, September 30th. Howard Weil decreased their price objective on shares of Frank’s International NV from $14.00 to $12.00 and set a “sector perform” rating for the company in a report on Thursday, September 29th. Jefferies Group reiterated a “sell” rating on shares of Frank’s International NV in a report on Tuesday, August 30th. Seaport Global Securities reiterated a “neutral” rating on shares of Frank’s International NV in a report on Friday, August 19th. Finally, TheStreet cut shares of Frank’s International NV from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. 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’s stock. Frank’s International NV presently has a consensus rating of “Hold” and an average price target of $14.73.

Analyst Recommendations for Frank`s International NV (NYSE:FI)

Shares of Frank’s International NV (NYSE:FI) traded down 1.89% during mid-day trading on Monday, hitting $12.99. The stock had a trading volume of 168,889 shares. Frank’s International NV has a 52-week low of $10.91 and a 52-week high of $18.14. The firm’s market cap is $2.03 billion. The firm has a 50 day moving average price of $12.25 and a 200 day moving average price of $14.35.

Frank’s International NV (NYSE:FI) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.13. Frank’s International NV had a negative net margin of 1.14% and a positive return on equity of 1.00%. The firm earned $121 million during the quarter, compared to analyst estimates of $142.41 million. During the same quarter in the previous year, the business posted $0.14 EPS. Frank’s International NV’s revenue for the quarter was down 52.4% compared to the same quarter last year. Equities analysts predict that Frank’s International NV will post ($0.41) EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Wednesday, August 31st were given a $0.075 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 2.27%. Frank’s International NV’s dividend payout ratio (DPR) is presently -600.00%.

In related news, major shareholder Donald E. Mosing bought 41,000 shares of the business’s stock in a transaction on Friday, August 5th. The stock was bought at an average price of $12.15 per share, for a total transaction of $498,150.00. Following the transaction, the insider now directly owns 91,000 shares in the company, valued at $1,105,650. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 77.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kelman Lazarov Inc. acquired a new position in Frank’s International NV during the third quarter worth $110,000. Eqis Capital Management Inc. increased its position in 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 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 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. Finally, Schwab Charles Investment Management Inc. increased its position in 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. 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.

5 Day Chart for NYSE:FI

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