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Franks International NV (NYSE:FI) announced a quarterly dividend on Monday, August 11th, AmericanBankingNews.com reports. Investors of record on Friday, August 29th will be paid a dividend of 0.15 per share on Friday, September 19th. This represents a $0.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, August 27th.

Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Franks International NV in a research note on Monday. They now have a $22.00 price target on the stock, down previously from $25.00. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Franks International NV in a research note on Monday. They now have a $24.00 price target on the stock, down previously from $28.00. Finally, analysts at Global Hunter Securities downgraded shares of Franks International NV from a “buy” rating to an “accumulate” rating in a research note on Monday. They now have a $23.00 price target on the stock, down previously from $29.00. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. Franks International NV presently has an average rating of “Hold” and an average target price of $28.25.

Shares of Franks International NV (NYSE:FI) traded down 0.34% during mid-day trading on Monday, hitting $20.52. The stock had a trading volume of 974,402 shares. Franks International NV has a 52-week low of $20.42 and a 52-week high of $32.70. The stock’s 50-day moving average is $23.38 and its 200-day moving average is $23.89. The company has a market cap of $3.150 billion and a P/E ratio of 17.80.

Franks International NV (NYSE:FI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.08. The company had revenue of $272.90 million for the quarter, compared to the consensus estimate of $277.99 million. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Analysts expect that Franks International NV will post $1.28 EPS for the current fiscal year.

Frank’s International NV is a global provider of engineered tubular services to the oil and gas industry.

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