Frank’s International N.V. (NYSE:FI)’s share price traded down 0% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $6.86 and last traded at $6.88. 2,371,123 shares changed hands during trading, an increase of 98% from the average session volume of 1,200,000 shares. The stock had previously closed at $6.88.

Specifically, major shareholder William Bradford Mosing sold 350,000 shares of Frank’s International N.V. stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $6.67, for a total transaction of $2,334,500.00. Following the sale, the insider now directly owns 10,000 shares in the company, valued at approximately $66,700. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of Frank’s International N.V. stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.25, for a total transaction of $10,875,000.00. Following the sale, the insider now owns 11,724,888 shares in the company, valued at $85,005,438. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,952,355 shares of company stock worth $34,106,688. 77.90% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on FI shares. Royal Bank Of Canada restated a “buy” rating and issued a $10.00 price target on shares of Frank’s International N.V. in a research report on Friday, September 1st. Seaport Global Securities restated a “neutral” rating on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Scotiabank set a $13.00 price target on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $8.50 price target (down previously from $10.50) on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.25.

Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.11). The firm had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. Frank’s International N.V. had a negative net margin of 26.21% and a negative return on equity of 9.25%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. analysts predict that Frank’s International N.V. will post -0.44 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in shares of Frank’s International N.V. by 726.2% in the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock worth $101,000 after buying an additional 10,690 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Frank’s International N.V. by 567.8% in the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after buying an additional 12,163 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Frank’s International N.V. in the 2nd quarter worth about $138,000. California Public Employees Retirement System lifted its holdings in Frank’s International N.V. by 7.2% during the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Frank’s International N.V. by 88.4% during the second quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock valued at $180,000 after purchasing an additional 10,192 shares during the last quarter. 30.11% of the stock is currently owned by institutional investors.

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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.

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