Frank’s International N.V. (NYSE:FI) was downgraded by Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $10.00 price target 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 dropped their target price on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 target price on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Scotiabank set a $13.00 target price on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. Frank’s International N.V. presently has an average rating of “Hold” and an average price target of $8.25.

Shares of Frank’s International N.V. (NYSE FI) opened at $7.31 on Tuesday. Frank’s International N.V. has a one year low of $6.03 and a one year high of $13.57.

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

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In related news, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the 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 document filed with the SEC, which can be accessed through the SEC website. Also, SVP Alejandro Cestero sold 7,355 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total transaction of $50,087.55. Following the sale, the senior vice president now owns 2,442 shares in the company, valued at approximately $16,630.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,907,355 shares of company stock valued at $33,779,088. Company insiders own 77.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. raised its holdings 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 valued at $101,000 after acquiring an additional 10,690 shares during the period. Legal & General Group Plc raised its holdings 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 valued at $118,000 after acquiring an additional 12,163 shares during the period. M&T Bank Corp acquired a new stake in shares of Frank’s International N.V. during the second quarter valued at approximately $138,000. California Public Employees Retirement System raised its holdings in shares of 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 acquiring an additional 1,300 shares during the period. Finally, Voya Investment Management LLC raised its holdings 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 valued at $180,000 after acquiring an additional 10,192 shares during the period. Institutional investors and hedge funds own 30.11% of the company’s stock.

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.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

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