Royal Bank Of Canada upgraded shares of Frank’s International N.V. (NYSE:FI) from an underperform rating to an outperform rating in a report issued on Friday, Marketbeat reports. They currently have $10.00 price objective on the pipeline company’s stock, up from their prior price objective of $9.00.

FI has been the subject of a number of other research reports. BidaskClub raised shares of Frank’s International N.V. from a strong sell rating to a sell rating in a report on Tuesday, June 13th. Morgan Stanley lowered shares of Frank’s International N.V. from an equal weight rating to an underweight rating and dropped their price objective for the company from $13.00 to $9.00 in a report on Wednesday, June 21st. Jefferies Group LLC reissued a hold rating on shares of Frank’s International N.V. in a report on Friday, July 21st. Zacks Investment Research lowered shares of Frank’s International N.V. from a hold rating to a strong sell rating in a report on Monday, May 1st. Finally, Seaport Global Securities reissued a neutral rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $9.63.

Shares of Frank’s International N.V. (NYSE:FI) opened at 6.40 on Friday. The company’s market capitalization is $1.43 billion. Frank’s International N.V. has a 1-year low of $6.03 and a 1-year high of $14.86. The firm has a 50-day moving average of $7.58 and a 200 day moving average of $9.07.

Frank’s International N.V. (NYSE:FI) last released its earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02. Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The business had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $113.41 million. During the same period in the previous year, the company earned ($0.20) EPS. Frank’s International N.V.’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Frank’s International N.V. will post ($0.42) EPS for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

Frank’s International N.V. declared that its Board of Directors has authorized a stock buyback program on Thursday, May 25th that authorizes the company to buyback 1,000% of shares. This buyback authorization authorizes the pipeline company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director D. Keith Mosing sold 500,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.67, for a total transaction of $3,335,000.00. Following the sale, the director now owns 796,300 shares of the company’s stock, valued at $5,311,321. The sale was disclosed in a filing 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 stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the sale, the insider now directly owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,764,800 shares of company stock valued at $11,666,820. 77.90% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Sterneck Capital Management LLC boosted its stake in shares of Frank’s International N.V. by 11.3% in the second quarter. Sterneck Capital Management LLC now owns 299,315 shares of the pipeline company’s stock valued at $2,481,000 after buying an additional 30,285 shares in the last quarter. National Asset Management Inc. acquired a new stake in shares of Frank’s International N.V. during the second quarter valued at about $262,000. California State Teachers Retirement System boosted its stake in shares of Frank’s International N.V. by 22.2% in the second quarter. California State Teachers Retirement System now owns 88,333 shares of the pipeline company’s stock valued at $732,000 after buying an additional 16,051 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Frank’s International N.V. by 17,195.8% in the second quarter. The Manufacturers Life Insurance Company now owns 40,818 shares of the pipeline company’s stock valued at $338,000 after buying an additional 40,582 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Frank’s International N.V. by 39.2% in the second 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 in the last quarter. 30.38% of the stock is currently owned by institutional investors and hedge funds.

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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