Frank’s International N.V. (NYSE:FI) – Equities research analysts at Jefferies Group dropped their Q3 2017 earnings per share estimates for shares of Frank’s International N.V. in a research note issued on Monday. Jefferies Group analyst B. Handler now anticipates that the pipeline company will post earnings of ($0.11) per share for the quarter, down from their prior forecast of ($0.10). Jefferies Group has a “Hold” rating and a $8.50 price target on the stock. Jefferies Group also issued estimates for Frank’s International N.V.’s FY2017 earnings at ($0.42) EPS, FY2018 earnings at ($0.25) EPS, FY2019 earnings at $0.00 EPS and FY2020 earnings at $0.25 EPS.

A number of other brokerages have also recently weighed in on FI. Seaport Global Securities restated a “neutral” rating on shares of Frank’s International N.V. in a report on Tuesday. Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Tuesday. Piper Jaffray Companies set a $8.00 price target on shares of Frank’s International N.V. and gave the stock a “hold” rating in a report on Monday. Barclays PLC lowered their price target on shares of 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. Finally, Morgan Stanley cut shares of Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $13.00 to $9.00 in a report on Wednesday, June 21st. Five investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.77.

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Shares of Frank’s International N.V. (FI) opened at 7.01 on Thursday. Frank’s International N.V. has a 12 month low of $6.92 and a 12 month high of $14.86. The stock’s 50 day moving average is $8.09 and its 200 day moving average is $9.56. The stock’s market capitalization is $1.56 billion.

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

Frank’s International N.V. announced that its board has approved a stock repurchase plan on Thursday, May 25th that allows the company to repurchase 1,000% of shares. This repurchase authorization allows the pipeline company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.30 annualized dividend and a yield of 4.28%. Frank’s International N.V.’s dividend payout ratio (DPR) is -40.00%.

In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the completion of the sale, the insider now owns 9,903,867 shares in the company, valued at approximately $83,192,482.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 77.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in FI. Synovus Financial Corp increased its stake in Frank’s International N.V. by 276.4% in the second quarter. Synovus Financial Corp now owns 41,358 shares of the pipeline company’s stock valued at $343,000 after buying an additional 30,371 shares during the period. JPMorgan Chase & Co. increased its stake in Frank’s International N.V. by 437.9% in the second quarter. JPMorgan Chase & Co. now owns 272,012 shares of the pipeline company’s stock valued at $2,255,000 after buying an additional 221,442 shares during the period. Tocqueville Asset Management L.P. increased its stake in Frank’s International N.V. by 43.4% in the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock valued at $7,941,000 after buying an additional 290,000 shares during the period. Boston Private Wealth LLC increased its stake in Frank’s International N.V. by 13.0% in the second quarter. Boston Private Wealth LLC now owns 44,089 shares of the pipeline company’s stock valued at $365,000 after buying an additional 5,084 shares during the period. Finally, Legal & General Group Plc increased its stake in Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares during the period. Hedge funds and other institutional investors own 30.12% 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.

Earnings History and Estimates for Frank`s International N.V. (NYSE:FI)

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