Frank’s International N.V. (NYSE:FI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands. “

A number of other equities research analysts also recently commented on the company. Deutsche Bank AG started coverage on Frank’s International N.V. in a report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $10.00 price objective on shares of Frank’s International N.V. in a report on Friday, September 1st. J P Morgan Chase & Co dropped their price objective on Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Jefferies Group LLC set a $9.00 price objective on Frank’s International N.V. and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, BidaskClub downgraded Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $8.25.

Shares of Frank’s International N.V. (NYSE FI) traded down $0.43 on Tuesday, hitting $6.88. The stock had a trading volume of 2,371,123 shares, compared to its average volume of 1,200,000. Frank’s International N.V. has a twelve month low of $6.03 and a twelve month high of $13.57.

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

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In other news, SVP Alejandro Cestero sold 7,355 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total transaction of $50,087.55. Following the completion of the transaction, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at $16,630.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D. Keith Mosing sold 500,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $6.67, for a total value of $3,335,000.00. Following the transaction, the director now directly owns 796,300 shares of the company’s stock, valued at $5,311,321. The disclosure for this sale can be found here. Insiders sold 4,952,355 shares of company stock valued at $34,106,688 over the last 90 days. Corporate insiders own 77.90% of the company’s stock.

Several hedge funds have recently bought and sold shares of FI. Citigroup Inc. boosted its position in shares of Frank’s International N.V. by 726.2% during the second 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 period. Legal & General Group Plc boosted its position in shares of Frank’s International N.V. by 567.8% during the second 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 period. M&T Bank Corp acquired a new position in shares of Frank’s International N.V. during the second quarter worth about $138,000. Voya Investment Management LLC boosted its position in shares of 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 worth $180,000 after buying an additional 10,192 shares during the period. Finally, Kelman Lazarov Inc. boosted its position in shares of Frank’s International N.V. by 115.6% during the second quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock worth $201,000 after buying an additional 13,000 shares during the period. 30.11% 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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