Deutsche Bank AG started coverage on shares of Frank’s International N.V. (NYSE:FI) in a report published on Tuesday. The firm issued a hold rating and a $7.00 price objective on the pipeline company’s stock.

Other equities research analysts have also issued research reports about the company. Scotiabank set a $13.00 price objective on Frank’s International N.V. and gave the stock a hold rating in a report on Tuesday, August 8th. Capital One Financial Corporation reissued an equal weight rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Royal Bank Of Canada set a $10.00 price objective on Frank’s International N.V. and gave the stock a buy rating in a report on Sunday. Piper Jaffray Companies set a $8.00 price objective on Frank’s International N.V. and gave the stock a hold rating in a report on Monday, August 7th. Finally, Jefferies Group LLC set a $9.00 price objective on Frank’s International N.V. and gave the stock a hold rating in a report on Thursday, October 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. Frank’s International N.V. presently has a consensus rating of Hold and a consensus target price of $8.50.

Frank’s International N.V. (NYSE FI) remained flat at $7.28 during trading on Tuesday. 112,912 shares of the stock traded hands. Frank’s International N.V. has a one year low of $6.03 and a one year high of $13.57. The company’s market cap is $1.62 billion. The company has a 50-day moving average price of $7.15 and a 200 day moving average price of $8.11.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The firm had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. During the same period last year, the business posted ($0.20) EPS. The company’s revenue was down 2.7% compared to the same quarter last year. Equities analysts forecast that Frank’s International N.V. will post ($0.42) EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Tuesday, August 29th. Frank’s International N.V.’s payout ratio is presently -40.00%.

In other news, major shareholder Wbm Partnership, Lp sold 450,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $7.49, for a total transaction of $3,370,500.00. Following the completion of the transaction, the insider now owns 8,653,867 shares of the company’s stock, valued at $64,817,463.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alejandro Cestero sold 7,355 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total value of $50,087.55. Following the transaction, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at approximately $16,630.02. The disclosure for this sale can be found here. Insiders have sold a total of 4,907,355 shares of company stock valued at $33,779,088 in the last ninety days. Insiders own 77.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Frank’s International N.V. by 4.6% during the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock worth $56,984,000 after purchasing an additional 301,283 shares in the last quarter. State Street Corp grew its holdings in shares of Frank’s International N.V. by 39.2% during the second quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after purchasing an additional 399,679 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Frank’s International N.V. by 10,360.6% during the second quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock worth $10,446,000 after purchasing an additional 1,248,036 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Frank’s International N.V. by 28.6% during the second quarter. Vanguard Group Inc. now owns 1,124,203 shares of the pipeline company’s stock worth $9,319,000 after purchasing an additional 250,103 shares in the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of Frank’s International N.V. by 43.4% during the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock worth $7,941,000 after purchasing an additional 290,000 shares in the last quarter. 30.38% of the stock is owned by institutional investors.

About Frank’s International N.V.

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)

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