Shares of Frank’s International NV (NYSE:FI) have been assigned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.95.

A number of brokerages have commented on FI. TheStreet downgraded shares of Frank’s International NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 28th. Capital One Financial Corp. downgraded shares of Frank’s International NV from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 28th. JPMorgan Chase & Co. restated a “hold” rating and issued a $10.00 target price on shares of Frank’s International NV in a research note on Friday, November 4th. Zacks Investment Research downgraded shares of Frank’s International NV from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Evercore ISI set a $9.00 price target on shares of Frank’s International NV and gave the stock a “hold” rating in a research report on Monday, October 10th.

Shares of Frank’s International NV (NYSE:FI) opened at 11.22 on Wednesday. Frank’s International NV has a 12 month low of $10.47 and a 12 month high of $17.73. The company’s market cap is $2.50 billion. The company’s 50 day moving average is $12.20 and its 200 day moving average is $13.63.

Frank’s International NV (NYSE:FI) last issued its earnings results on Thursday, November 3rd. The company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. The business had revenue of $105.11 million for the quarter, compared to the consensus estimate of $109.79 million. Frank’s International NV had a negative net margin of 10.60% and a negative return on equity of 1.79%. The company’s revenue for the quarter was down 56.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts predict that Frank’s International NV will post ($0.41) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 25th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.67%. Frank’s International NV’s dividend payout ratio is currently -81.08%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kelman Lazarov Inc. bought a new position in Frank’s International NV during the third quarter worth about $110,000. Walleye Trading LLC acquired a new stake in Frank’s International NV during the second quarter worth $127,000. BlackRock Inc. raised 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 during the last quarter. I.G. Investment Management LTD. raised 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 during the last quarter. Finally, Royal Bank of Canada raised 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 during the last quarter. 26.74% of the stock is owned by institutional investors and hedge funds.

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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