Frank’s International N.V. (NYSE:FI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $5.92 and last traded at $6.04, with a volume of 1151200 shares trading hands. The stock had previously closed at $6.15.

A number of equities analysts have commented on the stock. Royal Bank of Canada set a $10.00 price target on shares of Frank’s International and gave the company a “buy” rating in a research report on Sunday, October 8th. Scotiabank restated a “hold” rating and issued a $12.00 price target on shares of Frank’s International in a research report on Friday, November 3rd. J P Morgan Chase & Co lowered shares of Frank’s International from a “neutral” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research report on Wednesday, September 27th. Jefferies Group dropped their target price on shares of Frank’s International from $8.00 to $7.50 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Frank’s International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Five 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 stock. Frank’s International currently has an average rating of “Hold” and an average price target of $8.00.

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

In related news, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $7.25, for a total transaction of $10,875,000.00. Following the completion of the sale, the insider now directly owns 11,724,888 shares of the company’s stock, valued at $85,005,438. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Michael Frank Mosing sold 800,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $5.62, for a total transaction of $4,496,000.00. Following the sale, the insider now directly owns 803,735 shares of the company’s stock, valued at $4,516,990.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,098,897 shares of company stock valued at $33,464,073. Insiders own 77.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FI. Citigroup Inc. increased its stake in Frank’s International 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 in the last quarter. Legal & General Group Plc increased its stake in Frank’s International 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 in the last quarter. Gagnon Securities LLC bought a new stake in Frank’s International in the third quarter valued at approximately $124,000. M&T Bank Corp bought a new stake in Frank’s International in the second quarter valued at approximately $138,000. Finally, California Public Employees Retirement System increased its stake in Frank’s International by 7.2% in 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 in the last quarter. 31.49% of the stock is owned by institutional investors and hedge funds.

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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.

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