A number of firms have modified their ratings and price targets on shares of Frank’s International N.V. (NYSE: FI) recently:

  • 8/8/2017 – Frank’s International N.V. was given a new $13.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 8/8/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $8.50 price target on the stock, down previously from $10.50.
  • 8/8/2017 – Frank’s International N.V. had its price target lowered by analysts at Barclays PLC from $9.00 to $8.00. They now have an “equal weight” rating on the stock.
  • 8/8/2017 – Frank’s International N.V. had its “neutral” rating reaffirmed by analysts at Seaport Global Securities.
  • 8/7/2017 – Frank’s International N.V. was given a new $8.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 8/7/2017 – Frank’s International N.V. had its “equal weight” rating reaffirmed by analysts at Capital One Financial Corporation.
  • 7/21/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 6/30/2017 – Frank’s International N.V. was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/21/2017 – Frank’s International N.V. was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $9.00 price target on the stock, down previously from $13.00.
  • 6/21/2017 – Frank’s International N.V. was downgraded by analysts at Seaport Global Securities from a “neutral” rating to a “sell” rating. They now have a $6.00 price target on the stock, down previously from $7.00.

Frank’s International N.V. (FI) opened at 6.86 on Tuesday. The firm’s 50-day moving average price is $8.03 and its 200 day moving average price is $9.41. Frank’s International N.V. has a 12 month low of $6.86 and a 12 month high of $14.86. The stock’s market cap is $1.53 billion.

Frank’s International N.V. (NYSE:FI) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $113.41 million. During the same quarter last year, the company earned ($0.20) earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Frank’s International N.V. will post ($0.41) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.37%. 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%.

In other news, Director D. Keith Mosing sold 500,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $6.67, for a total value of $3,335,000.00. Following the transaction, the director now directly 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 14,800 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the completion of the transaction, the insider now directly owns 9,903,867 shares in the company, valued at $83,192,482.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,514,800 shares of company stock valued at $10,129,320. 77.90% of the stock is currently owned by company insiders.

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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