Frank’s International NV (NYSE:FI)’s share price rose 4% during trading on Wednesday . The company traded as high as $12.19 and last traded at $12.11, with a volume of 220,986 shares trading hands. The stock had previously closed at $11.64.

FI has been the topic of a number of recent analyst reports. Jefferies Group reissued a “sell” rating on shares of Frank’s International NV in a research report on Tuesday, August 30th. JPMorgan Chase & Co. started coverage on shares of Frank’s International NV in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. Howard Weil dropped their target price on shares of Frank’s International NV from $17.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, July 29th. Scotiabank reaffirmed a “sector perform” rating and set a $14.00 target price (down previously from $17.00) on shares of Frank’s International NV in a research report on Sunday, July 31st. Finally, TheStreet lowered shares of Frank’s International NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.20.

The stock’s market cap is $1.87 billion. The company’s 50 day moving average is $12.04 and its 200 day moving average is $14.65.

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Frank’s International NV (NYSE:FI) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.13. Frank’s International NV had a negative net margin of 1.14% and a positive return on equity of 1.00%. The business had revenue of $121 million for the quarter, compared to analyst estimates of $142.41 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 52.4% compared to the same quarter last year. Analysts expect that Frank’s International NV will post ($0.38) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.58%. The ex-dividend date was Monday, August 29th. Frank’s International NV’s dividend payout ratio is -600.00%.

In other Frank’s International NV news, major shareholder Donald E. Mosing purchased 41,000 shares of the business’s stock in a transaction on Friday, August 5th. The stock was acquired at an average price of $12.15 per share, with a total value of $498,150.00. Following the acquisition, the insider now directly owns 91,000 shares of the company’s stock, valued at approximately $1,105,650. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 77.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Walleye Trading LLC purchased a new position in Frank’s International NV during the second quarter valued at $127,000. BlackRock Inc. boosted its position in Frank’s International NV by 53.1% in the first quarter. BlackRock Inc. now owns 8,150 shares of the company’s stock valued at $134,000 after buying an additional 2,825 shares during the last quarter. I.G. Investment Management LTD. boosted its position in Frank’s International NV by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 10,061 shares of the company’s stock valued at $147,000 after buying an additional 861 shares during the last quarter. Royal Bank of Canada boosted its position in Frank’s International NV by 152.1% in the second quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $181,000 after buying an additional 7,474 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new position in Frank’s International NV during the second quarter valued at $193,000. Hedge funds and other institutional investors own 26.85% of the company’s stock.

About Frank’s International NV

Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells.

5 Day Chart for NYSE:FI

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