Frank’s International N.V. (NYSE:FI)‘s stock had its “hold” rating reiterated by equities researchers at Piper Jaffray Companies in a report issued on Friday. They presently have a $5.50 price target on the pipeline company’s stock. Piper Jaffray Companies’ price target points to a potential downside of 19.83% from the company’s previous close.

Several other research analysts also recently issued reports on FI. Seaport Global Securities reissued a “neutral” rating on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Frank’s International N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $8.50 price objective (down from $10.50) on shares of Frank’s International N.V. in a research report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.00.

Shares of Frank’s International N.V. (NYSE:FI) remained flat at $$6.86 during trading on Friday. The company’s stock had a trading volume of 662,300 shares, compared to its average volume of 1,241,814. Frank’s International N.V. has a fifty-two week low of $6.03 and a fifty-two week high of $13.57.

Frank’s International N.V. (NYSE:FI) last issued its quarterly earnings data 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 company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. During the same period last year, the firm posted ($0.14) EPS. Frank’s International N.V.’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts anticipate that Frank’s International N.V. will post -0.43 EPS for the current year.

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In related news, Director D. Keith Mosing sold 350,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.25, for a total value of $2,537,500.00. Following the completion of the sale, the director now owns 446,300 shares in the company, valued at $3,235,675. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the completion of the sale, the insider now owns 9,807,351 shares of the company’s stock, valued at approximately $60,315,208.65. The disclosure for this sale can be found here. Insiders sold a total of 3,802,355 shares of company stock valued at $26,639,188 in the last 90 days. Company insiders own 77.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FI. Citigroup Inc. lifted its stake in shares of Frank’s International N.V. 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 during the period. Legal & General Group Plc lifted its stake in shares of Frank’s International N.V. 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 during the period. M&T Bank Corp acquired a new stake in shares of Frank’s International N.V. in the second quarter valued at about $138,000. Voya Investment Management LLC lifted its stake in shares of Frank’s International N.V. by 88.4% in the second quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock valued at $180,000 after purchasing an additional 10,192 shares during the period. Finally, Kelman Lazarov Inc. lifted its stake in shares of Frank’s International N.V. by 115.6% in the second quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock valued at $201,000 after purchasing an additional 13,000 shares during the period. Hedge funds and other institutional investors own 30.11% of the company’s stock.

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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