Frank’s International N.V. (NYSE:FI) has been given a $8.00 price target by investment analysts at Piper Jaffray Companies in a research note issued on Monday. The brokerage currently has a “hold” rating on the pipeline company’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 9.74% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a “hold” rating and issued a $10.50 price objective (down from $11.00) on shares of Frank’s International N.V. in a research note on Wednesday, May 3rd. BidaskClub upgraded Frank’s International N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Morgan Stanley reduced their price objective on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. Finally, Barclays PLC set a $9.00 price objective on Frank’s International N.V. and gave the company a “hold” rating in a research note on Monday, May 8th. Six research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.08.

Shares of Frank’s International N.V. (FI) traded down 8.88% during midday trading on Monday, hitting $7.29. The company had a trading volume of 1,436,175 shares. The company’s market capitalization is $1.62 billion. The company has a 50-day moving average of $8.22 and a 200-day moving average of $9.74. Frank’s International N.V. has a 12 month low of $7.02 and a 12 month high of $14.86.

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS 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 8.41% and a negative net margin of 36.25%. The firm had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. During the same quarter last year, the company earned ($0.20) earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that Frank’s International N.V. will post ($0.40) earnings per share for the current year.

Frank’s International N.V. declared that its board has approved a stock repurchase plan on Thursday, May 25th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the pipeline company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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In related news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total value of $124,320.00. Following the transaction, the insider now owns 9,903,867 shares of the company’s stock, valued at $83,192,482.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 77.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. raised its position in Frank’s International N.V. by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,621 shares of the pipeline company’s stock valued at $287,000 after buying an additional 125 shares during the period. GLG Partners LP raised its position in Frank’s International N.V. by 0.4% in the fourth quarter. GLG Partners LP now owns 99,501 shares of the pipeline company’s stock valued at $1,661,000 after buying an additional 399 shares during the period. Clearbridge Investments LLC raised its position 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 during the period. Boston Private Wealth LLC raised its position in Frank’s International N.V. by 5.5% in the second quarter. Boston Private Wealth LLC now owns 16,126 shares of the pipeline company’s stock valued at $236,000 after buying an additional 842 shares during the period. Finally, I.G. Investment Management LTD. raised its position in Frank’s International N.V. by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 10,061 shares of the pipeline company’s stock valued at $147,000 after buying an additional 861 shares during the period. 30.12% 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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