Frank’s International N.V. (NYSE:FI)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued on Friday.

Several other equities research analysts have also issued reports on the stock. Scotiabank reissued a “hold” rating and issued a $14.00 price target on shares of Frank’s International N.V. in a report on Friday, March 31st. Tudor Pickering assumed coverage on shares of Frank’s International N.V. in a report on Thursday, March 23rd. They issued a “hold” rating on the stock. 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. Morgan Stanley lowered their price target on shares of Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Finally, Barclays PLC set a $9.00 price target on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Monday, May 8th. Seven equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $10.25.

Frank’s International N.V. (NYSE FI) opened at 9.04 on Friday. The firm’s 50-day moving average is $8.16 and its 200 day moving average is $10.00. The firm’s market capitalization is $2.01 billion. Frank’s International N.V. has a one year low of $7.02 and a one year high of $15.14.

Frank’s International N.V. (NYSE:FI) last released its earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $110.73 million during the quarter, compared to analysts’ expectations of $107.79 million. Frank’s International N.V. had a negative net margin of 36.25% and a negative return on equity of 8.41%. The firm’s revenue was down 27.9% on a year-over-year basis. Analysts forecast that Frank’s International N.V. will post ($0.40) EPS for the current fiscal year.

Frank’s International N.V. announced that its Board of Directors has approved a share repurchase program on Thursday, May 25th that authorizes the company to buyback 1,000% of outstanding shares. This buyback authorization authorizes the pipeline company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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In other Frank’s International N.V. news, 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 transaction of $124,320.00. Following the sale, the insider now owns 9,903,867 shares of the company’s stock, valued at approximately $83,192,482.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director D. Keith Mosing sold 30,000 shares of the stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $8.45, for a total transaction of $253,500.00. Following the sale, the director now directly owns 1,296,300 shares in the company, valued at approximately $10,953,735. The disclosure for this sale can be found here. In the last three months, insiders have sold 494,800 shares of company stock worth $4,171,320. Insiders own 77.90% of the company’s stock.

Large investors have recently modified their holdings of the company. FMR LLC raised its stake in shares of Frank’s International N.V. by 7.1% in the first quarter. FMR LLC now owns 6,572,547 shares of the pipeline company’s stock worth $69,471,000 after buying an additional 437,765 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Frank’s International N.V. by 117.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock worth $48,727,000 after buying an additional 2,490,837 shares in the last quarter. Wells Fargo & Company MN increased its position in Frank’s International N.V. by 206.7% in the first quarter. Wells Fargo & Company MN now owns 4,311,491 shares of the pipeline company’s stock worth $45,573,000 after buying an additional 2,905,522 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Frank’s International N.V. by 24.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock worth $31,390,000 after buying an additional 576,950 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Frank’s International N.V. during the first quarter worth about $23,095,000. 30.24% of the stock is currently owned by hedge funds and other institutional investors.

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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