Shares of Frank’s International N.V. (NYSE:FI) have been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $9.85.

FI has been the subject of a number of recent analyst reports. Scotiabank reaffirmed a “hold” rating and set a $14.00 price target on shares of Frank’s International N.V. in a report on Friday, March 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of Frank’s International N.V. in a report on Wednesday, April 26th. Zacks Investment Research downgraded Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a report on Monday, May 1st. Morgan Stanley decreased their price target on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Finally, Barclays PLC set a $9.00 price target on Frank’s International N.V. and gave the stock a “hold” rating in a report on Monday, May 8th.

In other Frank’s International N.V. news, Director D. Keith Mosing sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $8.45, for a total transaction of $253,500.00. Following the completion of the sale, the director now directly owns 1,296,300 shares of the company’s stock, valued at approximately $10,953,735. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now directly owns 9,903,867 shares of the company’s stock, valued at $83,192,482.80. The disclosure for this sale can be found here. Insiders sold a total of 494,800 shares of company stock valued at $4,171,320 over the last three months. Company insiders own 77.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Clearbridge Investments LLC increased its stake in Frank’s International N.V. by 0.3% in the first quarter. Clearbridge Investments LLC now owns 186,046 shares of the pipeline company’s stock valued at $1,967,000 after buying an additional 631 shares in the last quarter. California Public Employees Retirement System increased its stake in Frank’s International N.V. by 7.2% in the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after buying an additional 1,300 shares in the last quarter. Kelman Lazarov Inc. increased its stake in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock valued at $119,000 after buying an additional 3,750 shares in the last quarter. Boston Private Wealth LLC increased its stake in Frank’s International N.V. by 12.1% in the first quarter. Boston Private Wealth LLC now owns 39,005 shares of the pipeline company’s stock valued at $412,000 after buying an additional 4,208 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Frank’s International N.V. by 5.4% in the first quarter. Teachers Advisors LLC now owns 104,424 shares of the pipeline company’s stock valued at $1,104,000 after buying an additional 5,304 shares in the last quarter. 30.24% of the stock is owned by hedge funds and other institutional investors.

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Frank’s International N.V. (NYSE FI) traded up 1.33% on Tuesday, hitting $8.39. 275,456 shares of the company traded hands. The firm’s 50 day moving average price is $8.20 and its 200 day moving average price is $9.92. Frank’s International N.V. has a 1-year low of $7.02 and a 1-year high of $15.14. The firm’s market capitalization is $1.87 billion.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings results on Tuesday, May 2nd. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The company had revenue of $110.73 million during the quarter, compared to the consensus estimate of $107.79 million. Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The firm’s revenue for the quarter was down 27.9% compared to the same quarter last year. Equities research analysts predict 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 has authorized a stock buyback plan on Thursday, May 25th that permits the company to repurchase 1,000% of shares. This repurchase authorization permits the pipeline company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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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