Frank’s International N.V. (FI) Given Average Recommendation of “Hold” by Analysts

Shares of Frank’s International N.V. (NYSE:FI) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $8.25.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Frank’s International from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Royal Bank of Canada set a $10.00 price objective on shares of Frank’s International and gave the company a “buy” rating in a report on Sunday, October 8th. Jefferies Group set a $9.00 price objective on shares of Frank’s International and gave the company a “hold” rating in a report on Thursday, October 5th. Piper Jaffray Companies reiterated a “hold” rating and issued a $5.50 target price on shares of Frank’s International in a report on Friday, November 10th. Finally, Scotiabank reiterated a “hold” rating and issued a $12.00 target price on shares of Frank’s International in a report on Friday, November 3rd.

In other news, major shareholder Frank Mosing Family L. Michael sold 45,000 shares of Frank’s International stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.28, for a total value of $327,600.00. Following the completion of the transaction, the insider now owns 9,273,667 shares of the company’s stock, valued at approximately $67,512,295.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Keith Mosing Family Par Donald sold 500,000 shares of Frank’s International stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $6.37, for a total transaction of $3,185,000.00. Following the completion of the transaction, the insider now directly owns 6,652,920 shares of the company’s stock, valued at approximately $42,379,100.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,495,982 shares of company stock valued at $27,817,366. 77.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Frank’s International by 207.4% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 9,096,428 shares of the pipeline company’s stock worth $70,224,000 after buying an additional 6,137,315 shares during the last quarter. FMR LLC increased its holdings in Frank’s International by 4.6% in the 2nd quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock valued at $56,984,000 after buying an additional 301,283 shares during the period. State Street Corp increased its holdings in Frank’s International by 39.2% in the 2nd quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock valued at $11,779,000 after buying an additional 399,679 shares during the period. Citadel Advisors LLC increased its holdings in Frank’s International by 2.8% in the 3rd quarter. Citadel Advisors LLC now owns 1,295,782 shares of the pipeline company’s stock valued at $10,003,000 after buying an additional 35,700 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Frank’s International by 28.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,124,203 shares of the pipeline company’s stock valued at $9,319,000 after buying an additional 250,103 shares during the period. Institutional investors own 31.48% of the company’s stock.

Frank’s International (NYSE:FI) traded up $0.58 during midday trading on Friday, reaching $6.67. 1,303,000 shares of the company’s stock traded hands, compared to its average volume of 1,172,017. Frank’s International has a 12-month low of $5.79 and a 12-month high of $13.00.

Frank’s International (NYSE:FI) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). The firm had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $120.42 million. Frank’s International had a negative net margin of 26.21% and a negative return on equity of 9.25%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. equities analysts anticipate that Frank’s International will post -0.45 earnings per share for the current year.

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Frank’s International 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 (NYSE:FI)

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