Frank’s International N.V. (FI) Posts Earnings Results, Hits Expectations
Frank’s International N.V. (NYSE:FI) released its earnings results on Thursday. The pipeline company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11), Briefing.com reports. Frank’s International N.V. had a negative return on equity of 9.16% and a negative net margin of 26.21%. The company had revenue of $108.08 million during the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.
Frank’s International N.V. (NYSE FI) traded up $0.40 on Friday, reaching $7.06. The company had a trading volume of 2,218,705 shares, compared to its average volume of 1,014,957.
In other news, Director D. Keith Mosing sold 500,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $6.67, for a total transaction of $3,335,000.00. Following the completion of the sale, the director now directly owns 796,300 shares of the company’s stock, valued at approximately $5,311,321. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alejandro Cestero sold 7,355 shares of the firm’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 sale, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at $16,630.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,907,355 shares of company stock valued at $33,779,088. Company insiders own 77.90% of the company’s stock.
A number of equities research analysts recently commented on FI shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price objective on shares of Frank’s International N.V. in a research note on Friday, September 1st. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Barclays PLC decreased their price objective on Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on Frank’s International N.V. and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, Scotiabank set a $13.00 target price on Frank’s International N.V. and gave the company a “hold” rating in a research note on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.35.
WARNING: “Frank’s International N.V. (FI) Posts Earnings Results, Hits Expectations” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/franks-international-n-v-fi-posts-earnings-results-hits-expectations/1676858.html.
Frank’s International N.V. 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.
Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.