Royal Bank Of Canada reiterated their buy rating on shares of Frank’s International N.V. (NYSE:FI) in a research report report published on Friday morning. Royal Bank Of Canada currently has a $10.00 price objective on the pipeline company’s stock.

Other equities analysts also recently issued reports about the company. Scotiabank set a $13.00 price target on Frank’s International N.V. and gave the stock a hold rating in a research report on Tuesday, August 8th. Capital One Financial Corporation reaffirmed an equal weight rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Jefferies Group LLC reissued a hold rating and issued a $10.50 target price on shares of Frank’s International N.V. in a research report on Tuesday, June 6th. Barclays PLC set a $9.00 target price on Frank’s International N.V. and gave the company a hold rating in a research report on Monday, May 8th. Finally, Piper Jaffray Companies set a $8.00 target price on Frank’s International N.V. and gave the company a hold rating in a research report on Monday, August 7th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $9.63.

Shares of Frank’s International N.V. (FI) opened at 6.44 on Friday. Frank’s International N.V. has a 52 week low of $6.03 and a 52 week high of $14.86. The stock’s market capitalization is $1.44 billion. The firm’s 50-day moving average price is $7.34 and its 200 day moving average price is $8.85.

Frank’s International N.V. (NYSE:FI) last issued its quarterly 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. The business had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.20) earnings per share. Analysts expect that Frank’s International N.V. will post ($0.42) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Frank’s International N.V. (FI) Earns “Buy” Rating from Royal Bank Of Canada” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/04/franks-international-n-v-fi-earns-buy-rating-from-royal-bank-of-canada.html.

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 outstanding shares. This repurchase authorization allows the pipeline company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, August 29th. Frank’s International N.V.’s payout ratio is -40.00%.

In other Frank’s International N.V. news, Director D. Keith Mosing sold 500,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $6.67, for a total value of $3,335,000.00. Following the sale, the director now directly owns 796,300 shares of the company’s stock, valued at $5,311,321. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $124,320.00. Following the completion of the sale, the insider now directly owns 9,903,867 shares in the company, valued at $83,192,482.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,014,800 shares of company stock worth $13,259,320. 77.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in Frank’s International N.V. by 726.2% in the second quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock valued at $101,000 after purchasing an additional 10,690 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Frank’s International N.V. in the first quarter valued at $116,000. Legal & General Group Plc boosted its holdings 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 purchasing an additional 12,163 shares during the last quarter. Boyer & Corporon Wealth Management LLC purchased a new stake in Frank’s International N.V. in the first quarter valued at $120,000. Finally, Anchor Capital Advisors LLC purchased a new stake in Frank’s International N.V. in the first quarter valued at $121,000. 30.38% of the stock is currently owned by institutional investors.

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)

Receive News & Stock Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related stocks with our FREE daily email newsletter.